HomeMy WebLinkAbout0460 Iv TH~ ~VCNT any p:rym~~nt is not macle by thc [3uy~~r witizir~ thirty
(:;0) days after it is du~~, then thc.~ en~ire princi~il sh:ill txcome due anci
}k~yablr without naice :~t the o~cion of the S~;lt~r anci f~~ilure to exercise
that option shall not waive.• the rigiu to e~ercise it in event of a subsequent
default, In ev~~nt of default in paym~~~it, ctie Ruyer wili ~zy all custs af collection
including a rcasOiklble atrorne~='s fee. Right of dem~;nd or protest is waivc,~d.
Tl ~E SEI~LER reserves rhe right at any time when an}~ part of the
prine: ipal and interc•st duc an tliis Agreement has ncx been paid to require the
Buvc.~r to deliver to the Sc,~ller a purchase monev promissory note a~xl mortgagc.,
in standarcl for~n :.ommonty used in Florida, a~xi to receive from the Setler
in c~xct~ang~ tiierefor a Warr. anty Dc.~ed cor.veying the title of the pr~p~rty from
th~~ Seller to the Purchaser, provided however that said note shall not req_uirc
any installments .ar~er than tt;e itista;lmcnrs sc[ fortii in this ayr~ement an~
~?~i11 not req~ir~ a~i_ym~~nt of inter~~st greater than ~he interest set forth in tiiis
Agrcem~~nt. _
[T 1S I~URTHER .i~re~~d that thc S~:11cr will ~ay~ for thc rtectssary
d:x~~mr~tlr~~ stamps ~n the de~,;i 1nd for Che recor~ing of the mc~rrg.i~;c. "Ri:
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i . B~i~•~.~- ~~~~~11 ~a~• for r~~cordin~ th~~ de~~d, th_ intan~i~i;e tax :~n [h~ mu?-t,,ag~ <<n~~
th~ d~x=izm~-iuarv ~tam~~ on tl~•~~ i»~e, k~ilcr sliall d~~livcr to th~ ,~uyc~i an
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i zbstract ~~4~ich ~'ialE refle~t g:~d ~ir~ mark~tabfe and insu~able titlc in Sciler.
~ IT IS MUTUAL.LY AGREED by and b~[we~n the parti~~s her~_tu tha[
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~ *,I~c tim~ ~f paym~?u s~:~ll lx.~ a? ~s,~ntial part of this contrac-t and that all
cov~~~isnts a~~d a~reements herein c~n~ai~~~~d ~,~all ~~~ct~.~nJ to a~cl x ohtigatory
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u~cm *h~ E~~irs, c.~x~~cU'or~, admii~istrators arr:1 ~s>ign~ ot th:.• r~spc~tiv. ~rtie~.
IN WI~CNESS WItcRCOF, th~ ~~i--tics r~ th~_s~ p~~~sunts hav: hcc~~untc~
~~t ti~.•ir iian~,is an~.! ;~al~ c:ffectiv~ thc ~iav a~t~i ~~ar first atx~v~ ~vrit[en.
~ Si~n~J in ~h~~ Prc~~rx~t of:
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