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Said part~ of Second narE hir~b~ oovenan~ and agr~o to ~a~ all
tax~a~ aaseasmenta or i~p~aitiona that ~may b~~ legall~ levisd or
impoasd on aaid land aubaequent to the ~e~r 1965. S~cond party :
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fvrthar agroaa to ~:poa the buildings~ no~r or here::fti~r on ss~d ~
~
lar.d f~ll~ inauored in stim not leas than fi00.00 ia a compaay '
or com~:anies aacoptabls to P irst part~s t.~a ~olicp or policiea
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tio b~ hsld bp~ and pavable Lo t he fi~rst party, and in Lhe event '
aa~ snm of mon~~ bsaomea pa~aUle b~? virture ot ~id inauranae, ths
first party ehall hav~e the right to reaeitre and appl~ t,he s~e to
the indebtednass hereby aecured, accounting to ~econd ~:~:~rty for
at~7r surFlus. Second part-~ also agreea to pa~ all costs, ch :rges and
expens~~~ larry~r! s fees and title searchesi reaeoj-ably incurred or
paid b~T First partiy becauss of the fdf. Zure of second garty to promptly
and fl~ll~ ~~lo• xith all conditions and covenanta in thie Agrees~ent.
~n the ~vent aecond party fails to ; ay, when due; any tax~~a, sssess-
. ments~ inauranas ~emiums or other sums of money pa~able '~y virture
oY Lhis ..grsement~ First party may pay the s ume without waiving a•
aPfecting their aption to foreclose thia Agr~em~r?t, and all suab
paymei~ts a?'~a~l bea~ i~itereat f'rom d ate thereof at the higheat law-
ft~l. r~te then allawac~ b~• the laxs of th ~ S~.:at• of Florida. -
- IF aav aum of mon~~ herein referr~d to b• not prom tlv ;~3id
with FIFTE~:N (15) days next after the same becomea due, or if each
and ewry the agrsemen~-s~ 9tipulationai aonditiona ~pd covenants
of this Agr~ement are not full~ perfor~ed~ com:~lied with and
abidsd b~r, then the entire unpaid balance of this Agreement shall
forthwith and thereafter~ at th~ o~ti~n of the f`irst party, beaom~
due and paTable and the setata heretr~ created in second party ~ha11
~ ceaee, termir=~?te and be null and va3d. -
~
~ FtJRTH~R~Oxa~ thia Agrs~ae~t ahall, at tha option of tt~a part~
of th• first part, b• forfeited and terninated, and th e party oP
the seoood parL ahall fbrfeit all ~a~nts rr,ade by them on thia
~ontr~ctj and such Aa~m~nts shall bs rQtained tiv the s~id pr3rt~ ;
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