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!?RTICLSS OF l?tiR~DiT - P eq~ ThrN ~
S~cond parti~a aqrN to pay wh~n du~ all asse~a-
n~nta whict} may bs iiapo~sd aqai~at th~ propwsty !or any
type•o! improv~msnta mad~ by any Public body r~ihich rssult
in an esaesa~nant b~inq ieapoi~d aqainet th~ proporty.
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~acond Partias hav~ the option to translsr thie ~
contract to any other party with or without cons~nt of
Firat P~rtiea. Furthermore, 3~cond p~+rtios are qiven th~ ~
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option to prepay thia contract upon payment to First ;
Partiss of a 596 premium for pr~payment. up to June 10,,,~Q~7
and prepayment without penalty is granted thereafter.
Second Parties aqree to pay all costa, chargas ~
and expenaea, includinq attorn.ye foes and title ~sarches,
reasonably incurred or pafd by Firat Partia~ becauss of
the failure of Second Parties to pranptly and fully comply
with all conditions, covenants and agreemonts contained
herein. In ths event Sacond parties fail to psy ~he~ du~
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~ any ~ueas ot money payabls by virtus of thia aqreement wiEhin
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~ ls days nsxt aft~r the sa~?tia bacome~ du~, or if each and
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~ every agr~~ment, stipulation, condition and covenant of
thia aqresment is not tully,p~rformed, complied with and
abided by, then th• entire unpaid balanco o~ this aqra~-
ment •hall forthwith and thereafter, at the option ot Fir~t
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parties, becan~ due and payable and the eetate hereby
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~ creat~d in eecond Parties ahall cease, terminats and be '
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null and void. lurth~rawr~, thi~ aqrs~ca~nt shall, at th~
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~ option of ~izat Parties, b~ tarteit~d and t~rmineted and
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8~concl Pertie• shall forfait all paymant~ mada by them on
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this agre~a~nt, and •uch paym~nte ehall b~ r~teined by
LAW Or/ICt•
WILLES, BITTAN Q GRIFFlN D R ~Q7
o..ox so~ BGOK t~ 1 P'r~CF
rORT rl[RCt. FLORIDA ~3450 "