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HomeMy WebLinkAbout1983 ~ 1~ICLEB O~ 11+3Rai~tB~T - Paqo 2. ~ ~party i'n~cth~r agrs~~ to ks~p th~ bnildi~q~. ao~? or h~s~alt.~t on •aid land. lnlly in~tuc~d in a staa not l~~s thaa th~ a~iuti~ava~ in~nrabi~ valu~, i~ a ao~spspy or oo~sni~s acc~ptable to ~irst pa~eties, t2i~ policy or polici~~ en b~ h~ld by, and pa~abl~ t~o ~irst ~?aurti~o, and i,A th~ ev~t any svu~ o! moniy payabla by vistw o! said i.~r?uraac~, th~ lir~t partlN ~hall ~haw t~ ~ ri~!?t tA recaive a~n~d apply th~ saa~s ~o tl~~ iudabt~• har~- by ~~aar~d, acoonnting to s~aon~d 8asty for aay ~nrplas. Socoa~d Party also aqrM~ to pay all aosts, c2~rq~s an~d eacp~ns~a, ~ laMy~c' aad titl~ s~arcL~a r~soaabl~: iacn~cs~d os paid by lirst Parti~s b~can~~ o! th~ failnr~ o! 8~ad Party to ps~o~ptly aad lally ao~mply ~?ith all oonditioiu aall caov~aaants in tbie agt~t. ~n th~ ~vent Seaoad Party lails to pay whea dw, aay tsx~a, aasissasnta, in~mra~c~ prawines or otber ~ ~was o! ~onrY paYabl~ by virtu~ oi thi~ aqr~nt, lirst Par- ti~s s~?y pty th~ s~ ~rithoat ~raivinq or alt~ctinq th~ir . option to ~or~eLose this aqr~~at, an~d all •ncb payaants shall b~ar inter~at lrou~ d~t~ th~r~oi' at th~ hiqh~st la~rlul rat~ thu~ all.o~+ed by th~ larrs o! tb~ 8tat~ o! FLosida. I! a~y ~t~'o! a~n~y r~t~rrsd to b~ not proqptlp paid vithin tbitty (34~ days n~ct att~r th~ ~a~ b~aoNS dn~, os i! oacb a~ad ~wry agr~aMnt, stipulation, conditi~oa aad vov~aaat ~ of tbia aQr~oa~t is »ot lttlly p~rtoraesd, vom~li~d ~?ttb aad abidad bp. thai tZu ~ntir~ napaid bslanc~ o! thi~ aQr~t shall lortl~ith and tl~~cea~t~r, at th~ opti~oa o! lir~t P~rti~a, beootf dn~ aad payabl~ aa~ t1~~ Ntat~ h~caby cr~ated i.a 8~ooa~d party ~hall c~a~~. t~s~aiaat~ ~nd h~ ~11 aad void. !'arthss~r~, thia mgsswa~nt ~hall, at th~ option oF lis~t pa~ctis~, b~ ~s•- uw o~cp wlLL~i, ~1'~'AN • Qltl~l R O. ~00[ SO~r ~ l~OR'* NSIlCS. /LORIW? ~a4s0 . _ ' - ~°~"~`ts r~" ~e~ r~a,.-~ ~ ` zx ~ ~&r~T{ . _ ~_.~_.~'v~ b.,~ - ~ . .tiA . . ~ $