HomeMy WebLinkAbout0159 good and sufficient warranty deed. Purchasers shall pay
the costs of recording said deed, including revenue stamps °
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and documentary surtax stamps.
Purchasers shall be permitted to go into possession of
the property covered by this agreement on the date of execution,
and shall assume all liability for insurance, taxes and ;
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maintenance from and after that date; provided, however, ~
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Vendors shall pay taxes for 1973. Purchasers agree to
maintain the exterior and interior of the building situate
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on said property in good condition and to maintain fire and
extended coverage insurance on said building in an amount
of not less than $24,000.00. Such insurance shall name Vendors
and~Purchasers as the insureds and a memorandum copy thereof
shall be delivered to Vendors.
The time of payment shall be of the essence and in
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the event of any default in payment of any part of the
purchase money as and when it becomes due or in the perfor-
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` mance of any other obligations assumed by the Purchasers in '
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; this Agreement, and in the event that the default shall ;
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€ - continue for a period of fifteen (15) days, then the Vendors i
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~ may consider the whole of the balance due under this Agreement
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~ as immediately due and payable and collectible, or the Vendors
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~ may rescind this Agreement, retaining the cash consideration
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~ paid for it as liquidated damages, and this Agreement then ;
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~ shall become null and void. In the event that is is necessary
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~ for the Vendors to enforce this Agreement by foreclosure pro- -
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~ ceedings or otherwise, all costs of those proceedings, in-
y cluding a reasonable attorney's fee, shall be paid by the ~j
- Purchasers.
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The obligations and benefits under this contract shall
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extend to the personal representatives, heirs and assigns of
the respective parties to it.
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NEILL dR1iFIN JEFFRIES L LLOYD
CMARtEREO
~a P O BO% ~270. iORT PtERCE. FIORIDA 33450 - tEIEPHONE i305i ~64-9200
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