HomeMy WebLinkAbout1349 ~xric~s ~a~s - Paq. 2.
Said FARTIR35 O~' THE 6~ P~T hesoby covaaants
aAd aqreea to pay •11 ta~ce~r, sss~srm~ntr ar iapositions tY~ia?t
may be l~qally 1~vi~d ~os i.~?posad on said lssd subr~qusnt to
th~ ysar 1964. SECQ~7 PARTZ~S further aqre~ ta k+~ap ths
buildings, n~r or i~wreaftsr on said laad, tully in~us~d in
a sum not lesa than $8,500.00, ia a caapaay or eofapaniee
sceeptabli to FIRST PARTI88, th~ policy or golici0s ta be
h~ld by, and $ayable ta FZRST pARTISS, aad im th• event any
~um of money beccmee p~?yabls by virtua of s~id insuraACS,
the i~IRST P1~RTIE6 ahall Aav~ ~he right to recaiva ~nd apply
th~ s~uai to the indebtedn.rs heraby sscurmcl, accc~un~kinc~ to
SSCO~ PAF~TIES for any rurplus . SKCQ~tD P]~RT~BS al:o agrse
to gay ~11 costs, ch~rqos nnd expe,n~es, lawy~r'r ~emes and
title ssarcher rs~,~onm?bly ineurrsd or paid by FIRST P~RTISS
becausa of the fa~.lur~ af SEGU~ID PP?RYIBS to praaptly and
fu11y comply with all conditionr and covenants in thf~
agr~~?wr?~. Ia~ the ev~nt SECOaD riARTXBS zx~I to pay vrhen
due, any taxer, arawssm~ntec, in~ur~?nce gra~iums or other
~ums of ~oaey pay~?ble by vir~ue of ~his aqr~nt~ aIRST
8mR°PIE~ ma?y pay ~amo without wsiving or affecCinq their
ogtiora to foro~lo~rE thia agrs~~at, ~nd ~lI such payiaents
shall b~~r ~nter~st froan d~t• th~r~of at the ht~qhi~t ~.avful
~ra~e t~hen allaw~d by th• laws of the Stat• af Florida.
If ~ny •um caf moaey re~erzesa. t~ ba ~aot prosnpt2y
paic~ wikhin F~F'FBB~ (15) ~AYS z~ext aftQr ths same b~ora~~
d?a~, or if •+ach and ev~ry th• agre~ar~ta, ~tipul~tfon,~,
ccsnd3tion~ and C~v~nar~ts of this agse~~mt are nat fu~ly
p~erfvr~a+ed, c~apl9.~d with ~?n~ abidid ~y, thsn t~e er~t~re
aocx1~~