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HomeMy WebLinkAbout2899 Each monthly payment shall be applied first to the payment of ±nterest and then to the payment of the unpaid principal balance. ~wo or more payments may be made ~t any time b,y the party of the second part on any installment due date. S~ich Fav+rent to be made at the residence of the first parties at 3221 S. Dixie Hwy. Fort Pierce, Fla. or such other- olace that they may de~iRnate in WritinR. And the parties of the gecond Fart f?.irther covenant and a~ree as folloWS: - 1. To pay all taxes, assessments, or imDOStti~ns that may be legally levied ~r tmrosed upon said ~ land subsequent to the 31 ~f December 1969. ~ 2. To keep th+i building upon said premises insured in some CO~r_dA~ satisfactory to the parties of the first part a~ainst loss by fire, tornado and winds~torm, with a standard loss payable clause, payable to the parties of the first part, or such parties as they may designate, i~ the amount equal to the fact amount of this agreement, and parties of the first part Kill be entitled to hold the ori~ginal of s~~ch policy. If the party of the second part shall fail to prompily pay such insurance premtUims, then the same may be paid by the parties of the first part aad each such pa,yment, plus interest thereon at 9.5~ per ann~i~, shall be added te the +anpaid balance of this a~reement. 3. To maintain•tn a state of qood repair the building situated on the above described property and to s~~£fer no waste or impairment of the same, reasonable Wear and tear of the same excepted, and the second part~ ackno~rledRe the receipt and possesst~n ir6~ of the premises in ~ood repair ~rithout exception. `Po allow no liens to be placed en the abovs described j property for materials furnished, or labor esrformed i thereon, and if an,y such Ziens are so placed, the same may be paid b~ the parties of the first part and each ~ such pay:nent, pl~zs fnterest t':ereon at 9.5~ per annum, ~ such be added to the ~lnpaid balance of this a~reement. 5. To pay a'reasonable attorney's fee in the event the first Farties or their assiqnees find it necessary to place this contract in the h ands of an--attorney to en- force the provisic~ns thereof by suit or o~herwise. - 6. To promptly pay each and every the installments of principal and interest as hereinbefore aequired and to pay such other sums as hereinbefore req~_iire3 oromptly as tha same becomes due. Time ef such payments betng an essential part of this a~reement. ~ The party of the second part covenant and-agree that in the event any pay:*~ent due- here~mder strall become delinquent for thirtv days, that the parties of the ftrst part shall be entitled tc+ the a~pointment of a Receiver to ~a;~e and pc~~se~s the pr~~erty above described and to cause the removal~ ~f the second parties ~r anv D81't~ 99 claiminq ~ander thein, Which Receiter.,,shall conserve the said pronerty and the renta and rrofits aristna therefrom ~int~ 1 di scharv,ed by court ~f c~m~etent i+srt sdi ct! ~n. 80UK 1~~ ~8~ • .