HomeMy WebLinkAbout0942 •ARTI~I.FS OF ACR?•:SM'r~IT - Page 2.
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ths FIRST P:4i~TI~:S ahall have t:~e right to r+saeiv~ and a~ply the
same to the indebtedneae hereby 8acured~ accountinR to 3hC[~ND
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PA~TY for any surplua. SFC~ND PAi?TY alao a~reee to pay all costa~ ~
char~es ana ex~enaes~ lawyer!e ~eee anc± title $earches reasonabl.y }
inc~~rrsd or oaid bq FI RST PARTZ H;S becauae of the failure of SFC{~ND ~
PARTY to ~romptly and flillg compl~~ ~rith all conditione and co~ren- i
ants in thia aPree~ent. In the event SEG(:FJD PAF.TY faila to pay -
ahen due, anp teuces~ a~ssessmentse inaurance premiuma or other sua?s
of money payabl.e by virtue of .*.his a,qree~eent~ kIRST PAI:TII:S may pey _
the 8ame-~~ithout wsivin~, or affectinP their option to foreclo~ure }
this a~reement, and all au~h papments ahall bear 3nterPSt from dar.e
thereof at the hi~he~t Iarf~?1 rate then allovred bv the la~rs of t.he
State of Floric~a.
If any sum of maney referred to l~e not promptly paid witfiin
F~FT~'~td (15) DAYS next after the same becomes d«e~ or if each ana
every the a~reement~ stipulations~ conditions and eovenanta ot '
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this a~reement are not flilly performed~ complied ~:ith and abided by~
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then the entire unnaid balance of this agreement shall forthwith ~
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and thereafter~ at the optian of the FIY.ST PAT:TI~.S, beaome d~ie and
pavable ar?d the esta~e hereby created in SEC~ND l'AE~T" $ha12 cesae~
termfnate and be null and void: Fur±he~ore~ this agreement shali,
At the option of the PAR :'I ^ : ~ ''_'u ~ ~ ? ~F.m ~ be ferfPi_.t ed and
termin~tsc?, and the PAP.~'I' ~F TF;E ~c.Lvi,i~ r:.: s~ all forfeit all paq-
?~ent8 r~~de b,v her on this contract; and suc:~ p~j~enta ahall be re-
tained bq ~be PaRTI':S (?F "_'}i~: FI:~ST r~i:T in f:ill satisfaction and
liauidation of all dama~es by them suatain~d~ and the said PARTIU'S
CF TH~ FIFST PAFT aHall have the ri~*ht to re-enter and take posseasion
of the premiseg aforesaid without bein:~ liab2e for any action there- s
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fOT•
IT TS MUTUhLLY AGY.:~.D Av and between th~ parties hereto that }
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the timA o; each payment shall be an essential part of thia a~ree-
rnent, and that allcnvenants F?nd apreements herein contained shall
extend to and be obli~atorq upon the hgira, exectitors~ administrators
anci ~ssigns of the respecti~e partiee. ~
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