HomeMy WebLinkAbout1582 2. (a) Whenever General, its successars or assigns, sha11
natify Purchaser i~ ariting tbat the premi~es ete not in a reaso»-
able state of ~ppearance and repair ~onsistent aith the general
appeaxance and state of repair of the other propertiee within the
immediate vicinity, the Purchaser shall accomplish the required re-
pairs or maintenance ~et forth in said notice within fifteen (15)
daya after receipt of sa~me.
(b) If tfie Pur~haser shall fail or refuse to ~?ccomplish
the requi~ed rep~irs or maint~nance within the prescribed time,
G~neral, its successors ar assigns, ~?cta.ng by and through its duly
autharized agents may come upon the premises for the purpose of
doing the necessaYy work; provided=_however, that such work shall be
limited to yard maintenance in order to prevent an overgrown or
unkept appearance and to p~?inting and minor repairs to the extezior
of the buiZding ox buildings situated on the prem3ses in order to
prevent an unsightly ar unsafe condition.
(c) T'he Purchaser shall pay General, its successors or
assigns, within twenty (20) days after mailing by General of written
no~ice of the amount of cost or expense incurred by it in accom-
plishing the work re+quired by the notice to repair and maintain;
provided, furth~r, that the amount of money set forth in the notice
of payment due sha7.1 include an allawance for overhead not ta exceed
1546 of the aetual out-of-pocket cost or expense incurred.
3. In the event the Purchase.r shall fail or refuse to
n~ake payment af any sum of money owing to General, withir twenty
(20) days after the mailing by General of written notification of
such paymetnt being due, interegt shal~ accrue on the unpa3d amount
at the maximum legal rate of interest in the State of Florida, and
General, its successars or assigns, may undertatce collection of the'
sum which the Pu~chaser is obligated to pay hereunder, together with
n11 costs of collection, including a reasonable attorney's fee.
General, its successors or assiqns, in addition to other renedies
prescribed by Florida l~?w, may give notice to third parties ~hat it
has acquired a li~n against the pYOperty for said amount by filing
a Notice of Lien among the Public Records of Sic. Lucie County, which
lien may be fareclosed at any time by the procedure specified for
the foreclosure of inechanics' or statutary liens by the laws of
F'lorida.
4. Any notice required to be given her~under shall be
deemed sufficiently given if sent Dy registered or certified mail,
addressec3 to General at 2828 Cora1 Way, Miami, Flarida, and
addressed tv the Purchaser at the address presently shown on the
zecords of Gene=al to be the address of the Purchaser, or at such
later address or addresses as General or the Purchaser may here-
~fter designate in writing to the otlner.
This Agreement shall be binding upon the u~dersigned
parties and their r~spective heirs, successors, personal repxesen-
~ tatives, administrators, executors and assig~s, and shall be deemed
~ to be covenant~ running with the land.
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