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~ Z. (a) Whoneva= G~n~ral, its succ~ssora or •ssiqns, ~hail
notify Purchwqr ia writinq that th~ prasi~os aro not in a r~~?san- ~
~ ~bi• •tat• of appeazsrcQ and r~pair eo~asi~t~rnt with thre q~rr~rai -
~?ppa?ratnco and sta?te o! rvp~ir of the ot~~r p~soparties within tho ;4~
iredi~?to vici~ity~ thv Pnrehas~r s2~?lI accarplish thQ requirad ra-.
p~?iss or ~?intenat~Cr sot fdtth in said nvtfc~ withfn fiftaen ( 25 ) ~
days after rec~ipt of wa.
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(b) If th~r Purchasez sha11 fail or refuse to accasplish t
tha requirqd ropsirs os saintenance withit~ tha pres~ribed ti~re,
General, its successora ar assigns, actinq by and throuqh its duly
aut2aorized aq~rts ~?y ca~e upo~~ t2~ pre~sis~as for the purpoae of
doinq tho t~ecessary work; pra`vi~~ h~ver, that such ~rork shall be
lfnited to y~?rd sa~intanancv in ordar to preve~t s~n ov4rgrawn or
unkept appesranc~ aud,lo painting a~nd minor repaira to the Qxterior
of the buildxng or building~ situated on the prenises in order to ~
prevent aD unsight2y or unsafo candi#ios~. _
(c) 'i'tia Purchaser shall p~y Gene~nl, its sueceaaors or
e~asigns, within tweety (24) etays after me?iling by Gener~l of written ~
notice ot the amourt af cost or expeitsQ incurred by it in accao-
plfshing the work required by the notica to repa3:z and e~aintain; ~ -
providad, Purther, tha?t the amount of money set fozth fn the notice ~
of
pa~yment due sh,?11 includa en allo~rance for ovexhead not to exceed ~
159~ of the actual out-•c~f.•pocket ccst or expet~se incurred.
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3. In the event the Purcha~eY shall f~?il or refu~e to '
~ake paysent of ~ny guar af maney oM?ing to Gener~l, withi,r trrenty
(20) da?ya after the mailing by General of written notifica~tion of :
such paysent being due, interest shall accrue on the unpaid amount
at thv maxin,un~ legal rat~ of intezeat in the State of Florida, and
Genera2, fts succe~aora or assigns, ~e,y undertalte collection vf the'
sum which the Purc2Yaser is ob].igated to pay hexeunder, together with
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a12 costs of callect3on, including ~ rQasonable attorney's fee. ` i
Ger~erai, its succeasors or as8ign~, in additian to othex resedies i
presczibed by Florida lAa, aay ~ive notice to third parties that it I
has acquired a lien against the prapezty goY sa,id auaourt by filing i ,r i
a Notice of I.ien aimong the P+ublic Records of St. Lucie Caunty, whi~ch , ~
2ien may be foreclosed at any ti~se by tihe procedure specified for I
the foreclosuze ot` mechanics' ar statutury lie~s by the laws of ~
F2ori.da. ~
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d. Any notice requixed ta be given hereunder shall be 'i
deemed aufficiently given if sen~t Dy regfstered or certified mail, (
ad8ressed to General ~t 2828 Cozal~Way,~Miami, Rlorida, and i
. addreased to the Purchaser at the address presently shown on the i
records of Generel to be the address of the Purahas~r, or at such ~
later addr~ss or addross+es as General or the Purchasez may here- '
after d~si4nate 3n writing #o the other. !
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5. This Agreement shall be binding upor, the undersi~ned ~
: partie~ and their ae9pective heirs, successors, personal represen- ~
; tstives~ sdmini.strr~tors, executors and aasig~ s, and ahall be deetaed j ~
~ to bo covenantB running w~th the la?rnl. ' '
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