HomeMy WebLinkAbout0117 .ARTICLES OF AGRETMSNT - Page 2.
When SECOND PARTIES have paid FIRST PARTIES the Eum
of SEVEN HUNDRED DOLLARS ($700.00) plus 120 payments of $88.15
each, FIRS~ PARTIES hereby agree to then deliver to SECOND
PARTIES a good and sufficient Warranty Deed sub~ect only to
the then existing balance of the mortgage now held by Federal
National Mortgage Association dated October 6, 1967 and re-
corded in Officia2 Record Book 168, at Page 1787 of the public
records of St. Lucie County, Florida, which SECOND PARTIES
herein agree that they will assume and pay.
PARTIES OF THE SiCOND PART hereby covenant and agree
to pay all ~taxes, assessments or impositions that may be
legally levied or imposed on said land subsequent to the
year 1966. SECOND PARTIES further agree to keep the buildings,
now or hereafter on said land, fully insured in a sum not
less than the maxi.mum insurable value, in a company or
companies acceptable to FIRST PARTIES, the policy ~r policies
to be held by, and payable to FIRST PARTIES, and in the event
~ any sum of money payable by virtue of said insurance, the
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FIRST PARTIES shall have the right to receive and apply the
same to the indebtedness hereby secured, accounting to SECOND
PARTIES for any surplus. SEGOND PARTIES also agree to pay -
all costs, charges and expenses, lawyer's fees and title
searches reasonably incurred or paid by FIRST PARTIES be-
cause of the Failure ~f SECOND PARTIES to prbmptly and fuZly
;
comply with all conditions and covenants in this agreement.
In the event SECOND PARTIES fail to pay when due, any taxes, 4
t
assessments, insurance premiums or other sums of money payable
by virtue of this agreement, FIRST PARTIES may pay the same
without waiving or affecting their option to foreclose this
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