HomeMy WebLinkAbout1108 and expenses, lawyer~s feas and title searches reasonably incurred
or Yaid by FI~ST PARTIES because of the failure of SECOND PaRTY to
promptly and fully comply with all conditions and covenAnts in this
agreement. In the event SFC~KD PAR?7 fails to pay ~hen due~ any
taxes, assessrr.ents, insurance premiums, FIRST P~~TI'r.'S ~ay pay • .
the same without waiving or affecting their option to forclose this
. agreecnent, and all such payrr.ents shall bear interest from date ~
~ thereof at the hi~hest lawful rate then allowed by the la~vs of the ~
State of Flori3a. .
If anv sum of money referred to be not promptly paid v~ithin
FIF°'~'F:N (15) DAY~ next after the same beco~es due, or if each
and every the agreements, stipulations, conditions an3 covenants
of this agreement are not fully perform~d, complied with and abided
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by, then the er.tire unpaid halance of this agree~ent shall forthwith ~
and thereafter, at the option of the FIpST :'_aRTi?'S, become due ar.d ~
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Fayable and the estate hereby created in S~'CC`?~iD,~ARTY stiall oease,
tercninate and be null and void. Furthermore, this agreec?ent shall ~
at the option of the PARTI~S Or^ Tc'T: FIRSm P.".RT, be forfeited and ~
ter,,;;~~~ted and the PARTY OF :~W SF.CC:~TD FAR'" shall forfeit all
gaymenLs made by her or. this contract; and such gay~ents shall be :
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re+ained b,y the PARTIti'S OF FIRST PART in full satisfaction and i
f liquidatian of all damages by them sustained, and the said PARTIT'S
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j '..'~LT~' FZ3ST FART shal Z have the right to re-enter and take possession
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~ of the nremises aforesaid without being liable for any action therefor.
~ TT IS ~.'LTT[14LLY I',GR~~;D by and between the parties hereto that
the time of each payment shall be essential part of this agreement~
and that all covenants and agreements herein contained shall extend '
~ to and be obli~tory upon Lhe heirs, executors, adninistrators and
~ assi~gns of the resgective parties.
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~ IN WITN~:SS ~R.~JF, the garties to these presents have 3
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~ hereunto set their hands and sea2s, in duplicate, the day ar:d year
~ ~first above written.
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