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Sach installment shall first be applied on ~
the payment of interest, taxes and insurance ~
and then on the unpaid balance of the prin- ~
cipal sum. ~he monthly installmants wi.ll '
remain at $85.00 per month unless taxes or
insurance cause the payments to fluctuate,
and both parties hereto agree that if such ~
fluctuation occurs, that the monthly pay- ~
ments will be adjusted accordingly. Further-
more, if the payments are not rece~ved by
First Parties by the 7th day of each month,
a penalty charge of $3.50 will be made.
First Parties agree to 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 in-
surance, from payments made during the previous
caiendar year.
Second 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 ~
1
entitled to receive homestead exemption in the coming year, ~
to keep the real estate taxes to a minimum.
First Parties agree to utilize so murh of the $85.00
monthly paym~nts as is necessary to pay the real estate taxes
and the insurance on said property.
~
Second Parties further agrae to pay all costs, charges
and expenses, including attorneys' fees and title searches,
reasonably incurred or paid by First Parties because of fail-
ure of Second Parties to promptly and fully comply with all
conditions and covenants of this Agreement. In the event
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Second Parties fail to pay when due any sums of cnoney payable ~
by virtue of this Agreement, withiri•fifteen (15) days next
after the same becomes due, or if each and every agreement,
stipulation, condition and covenant of this Agreement are
not fully performed, complied with and abided by, then the
entire unpaid balance of this Agreement shall forthwith and
u?w o~cecs
WlLLES. BIT7'I~N ~ GRIFFIN ~~K~A~ A
P.o.sox~ V j~r
FORT pIERCR. FLORiDA 3b430
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