HomeMy WebLinkAbout1996 ~?It'rICLSB O~ AGAE~i~T - aa9~ Z .
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Safd PART~ ar ~s ~scawn p~ h~z~Dy co~roaaut aad a9r~~ ~
to pay all tax~s, a~~~~~wsnt• or i~positiosu that may b~ }
l~qally l~vi~Q os i~qpo~~fl on •aid land ~ubasq~t~ut to th~
y~ar 19~5. BiCO~ID pA~TI~tB tyrth~~- ay~ to kNp th~ baild- ~
~
inyo, nov or h~s~alt~r on •sid l~ad fully insur~d in a su~ ~
f
not l~~s thaa ~6,500.00, i~ a coa~paay or ca~pani~~ acc~ptabl~
to tIAST PA~SZEB, tb~_policy or polici~s to b~ paid by, and '
payable to lIAB? pAR?IEB, and in th~ ~wnt any ~um ot mon~y
b~cc~?a• payabl~ by virtu~ of •aid fnsuranc~a Lhe ~IR~ ~
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PARTI$S shall bav~ th~ riqht to r~c~iw aAd apply th• ~ase
to tha ind~bt~dn~as h~reby sacur~d, accountinq to SSCO~iD ~
~
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PARTZES !or any surplus. S~COBD PI~RtIlRB al~o agr~a to pay - ;
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all costs, cbsrq~s at~d axp~nses, lav~yer's f~ea and title
saarchee reasonable iacurre?~ or paid by FIRST PARTZltB be- ~
.
caus• of ths failuz~ of ~$CO~iD F~iRTZBB to proaaptly and f
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fully co~ply Mi.th all con8ltiona aad cov~nants in thia
aqreement. In the event SECO~tD Pl~&PI~B fail to pay, wri~n
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Que, any tax~~, asseanmenta, insusaac• pr~aiums or other }
~
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eums of nnoney payabl~ by virtu~ o~ this aqt~emeat, rIRBT ;
;
PARlZ6S may pay the •am~ vithout iraivinq or affscting th~ir '
s
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option to foroclos~ this aqream~nL, and ail sacb payments
shall bear inter~at frow dat~ thereo! at th~ hiqhest lavful
F
t
rst~ th~n allv~d by tha iaw of th~ Btat~ ot Florida.- :
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If an of n~ rel.rred to b~ not ~
Y y promptly paid
vithia !ZTlSE~ (1S) D~?Y8 ~~xt altis th~ ~ame b~ca~~ du~, s
as if ~acb and ewsy the aqr~~nt~, itfpulations, condi-
tfono and rownant~ of tbis aqre~s~nt ar~ aot ~u22y per-
.
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Por~d, caopli~e'! `rit2s aad abid~d by, then ths ontl.s~ un--
;
pata balanc~ o~ thi~ sq~n~at shall forthwith aad t~fs~-
~
ait~r. at the optioss o! th~ PI1~8'!' PAA~t~88 b~co~a du~ and ;
p~yabl~ aad th~ ~sta~ h~rs~y cr~at~! ia BECOHD P~ZltB
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