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ARTICLES OF AGREEMENT - Page 2.
accordingly. Furthermore, if payments are not re-
ceived by the 7th of the month when due, a penaZty
charge of $7.90 will be made. In addition, if pay-
ments are not received by the 15th of the mdnth
when due, interest at 1096 per annum shall be com-
puted from the date of the last payment made by ;
Second Parties through the date the arrearage is ~
rectified.
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First Parties agree to utilize so much of the $158.00
monthly payments as is necessary to pay the real estate taxes
on the aforementioned real property as well as the insurance
,
premiums due thereon each year. `
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First Parties will give Second Parties an annual
statement no later than February 15 of each year, showing the
amount credited to principal, to interest, to taxes and to
insurance from payment made during the previous calendar year
by Second Parties.
Second Parties agree to pay when due al~ assessments
which may be imposed against the property for any type of im-
provements made by any public body which result in an assessment
being imposed against the property.
First Parties agree to pay all costs connected with
;
the recording of this agreement, which is to be recorded no
later than December 31, 1969, in order for Second Parties to
be entitled to receive homestead exemption in the coming year,
to keep the real estate taxes to a minimwn.
Second Parties agree to pay all costs, charges and ex- '
penses, including attorneys fees and title searches, reasonably t
incurred or paid by First Parties because of the failure of
Second Parties to promptly and fully comply with all conditions,
covenants and agreements contained herein. In the event Second
u?w orrrtc~a
wiu.ES, BITTAN 8~ GRIFFIN BOOK~~~ PACE15~4
P. O. QOX ~00
RORT PIERCE. RLORIDA 83480
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