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5sid ~srty of th• s~eond .?grty hr~by covrnant an~l agxy~ to ray
all ±axes~ asaess~nts or im~o:i*ior~s ~hst may b~ lsgslly l~vi~d
or inw,os~d on ssid ~ and subs~qu~nt ta th~• ysar 1964. S~ea~d
••arty furthAr sgr~~s to k~~.. th~ buildings, now or h.~safter on
said l.and fu].ly insur~d in a surn not l~ss than S10,~0d.00. in a
com~any or co~.~•snie~ aecfhtabl• to fir~L .+arty. ths ~ol.icy or
~oiiciss t~ b~ h~ld by~ and ~ayable to the first ••~rty~ and in
the •vEnt any surn of monfy bsc~*n~s nayable by virturo of said
insurance. the f~rst ~axty ah~ll 5av~ the right to rec~ive and
ahrip the sarn~ +o the ir~deh~erdness h~rreby s~cur~d~ accounting
to sf cond ~arty for any surnlus. S~cond rarCy slso agr~~s to
ray all co~ts, cha?ges and exr?anses. larryer`s f~es a~d titl,e
~eareh~~, r~asonably incurre-~ ox .,aid -by first ~arty bocausi
of thR fsilur~ of sscond ~art~r to ~romr,tly and fvily co~rr,ly with
a11 conditivns and co~enants ~ this Aqree~snt. In tha •v~nt
second na~ty fsils .ta r+ay. •xhsn due, any tax4s, asseaa+nents,
insuranca ~remiu^ns or ott~er sums of ~nonsy ~ayabl• by virture of
this Agrae!!rsnt~ firsF •,arty may nay thR samt wi~hout wa.iving or
affactinp thsir ~r?tion to for~clos~ Lhis Agresment, and a11 suCh
n8~/!TlARtS shall b~ar intsr~sC fro~ date thtrsof at tha highest
lawful rate then allowed by the laws af the S}ate of Flarida.
If ~ny su~ of money heTsin Terf~rred to be not ~ro^~r..tly
raid within FI~IEEN f 1~ ) d~ys n~xt after *.h~ sa~rnr he~carn~s due,
or if •ach and ev,~Ty th~ aqr~e~n~nts, s*irulations~ conditions
and covenants of this Agre•~ent are not fully •.erfor~d. corn.,li~d
with and abided by. •n tfie ~n'.i r• unnaid baiance of this Agre~-
rnfnt shall foxthwith and thar~aft*~r, # the ar,t~or of the first
n~rty, be~co~ du~ and •+ay:bl~ and th~e ~s*.a}o hereby c*eat~d in
sacond ~arty :hal]. c~as~, torminate ar~d be null and void. Further-
mar~, *.his Agr~e~nt shsi~., st the o~t~san of th~ ~arty of +ha
firs': r.art~ b+~ forfeited snd tt~T~inat~cl, and the~ rarty of }he
s~cond ~art shall forf~it sll ..ay~rsents ~?ad~ b~ them on Lhis
tor~*ract; and such ~ay~n~s ~hall b~ r~'sined by th~ safd rarty
Qf th• fir.st rart in full sa*isfac*_~.on and liqt~ida'~i.on of all
_ 2_ doa~ ~24 . 3~8