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a h buildin u on said remises insured ~
year 1970, nd to keep t e gs p p
in some company satisfactory to the parties of the f irst part,
and payable for the parties , respectively as their interests ~
may appear, in a sum not less than EIGHT THOUSAND AND NO/100
DOLLARS ($8,000.00) during the term of this agreement. Anlin
case of failure of the said parties of the second part to make
any of the payments or any part thereof , or to perform any of
the covenants on their part hereby made and entered into, this
contract sh$11, at the option of the parties of the first part,
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be forfeited and terminated, and the parties of the second part `
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shall forfeit all paymen ts made by them on thi s contract; and
such payments shall be retained by the said parties of the first
part in full satisfaction and liquidation of all damages by them
sustained, and the said parties of the first part shall have the
right to re-enter and take possession of the pre~nises aforesaid ~
without bein g liable to an y action therefor.
If any sum of money herein referred to be not promptly paid
within 30 days next after the same become s due, or if each and f
~ every the agreements, stipulations, conditions and covenants of ~
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° said articles of agreement, are not fully performed, complied ~
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~ with and abided by, then the entire sum mentioned in said article i
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of agreement, or the entire balance unpaid thereon, shall forth-
with or thereaf ter , at the option of the parties of the f irst .
part, become and be due and payable, anything in said articles
of agreement to the con trary notwithstanding. Failure by the
~ ~ parties of the first pa rt to exercise any of the rights or
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~ options herein provided shall not constitute a waiver of any ,
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~ rights or options under said articles of agreement accrued or
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thereafter accruing. ~
The partie s of the second part hereby covenant and agree
CF+4qLES E. BECHT
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~iERGE. FlOR1~A
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