HomeMy WebLinkAbout2702 ARTICLSS O~' AQRiE11SliT - p~g~ 2.
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8aid P~RlISB 0~ THB SSCO~lD PI?~tT hareby covei?aat aad`
agre~ toYay all taxo~, as~e~~menta or impo~itions~that m?ay
b~ leqally l~viod or impo~~d oa said laad subs~qu~at_t~
the year 1966. SSCO~D PARTiBS further agre~ to kMp th~
bufldinga, naw or hereafter oa ~afd land, fully inrurod ia
a sum not leoe tl~n $1Z,000.00, ia ~ canpany or co~paaio•
acceptable to FIRST PAR?I88, th~ poliEy or polici~~ to be
held by, and peysble to FII~ST PARTISS, and in th~ ~wat aay
sum vf mon~y_.becoanee payabl• by virtue of ~aid_iQ~uranc~,
the PIRST P~RTIES shall bav~ the right to roceiv~ aad apply.
ths efvae to the indebtednass hereby secured, accounting to
~ S8C0~ PARTIBS for aay surplu~, SFtA~TD PxRTIBS aleo agrses
to pay all costa, chargee and expenseo, lawyar's fees aa~ -
titla searches reasoaably incurred or paid by FIAST PART28S
because of the failure of SS~CO~iD p~RTI83 to promptly and
fully comply with all ceaditiona acd coveaant• in tbis aqree-
ment. In tt~e event S$CaND PARTIES fail to pay when due,
aay taxee, as~~ssrnent~, iasurance pram.iume or other sums of
money payabl• by virtue of this agre~mant, FIRS~' PARTZB,S may
pay the same without xaiviag or affectiag their optfon to
_ foreclosa this agreement, aad all such paymeata shall bear
intereBt froaa date thereof at t2-,e 2-.ighest lawful rate th•a
allor+~d by the lav~s of the State of Florida.
If any sum of money referred to b~ not praa~ptly paid
witbia FIFTSBIT (15j DAYS neut after the sarae bacanea due,
or if each and every the aqreeffieat, stipulations, coaditioas
. an8 covsaanta of this agre~aent are aot fully performed,
canplied vith and abided by, then ths eatire unpaid baianc•
ot tt~is agreoraept ehall torthvith and thoreaftax, at the
e~~62 ~ 299
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