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ARTICLES OF AGREEMII~IT - Page 2. 4~"'~02 ~
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Second Parties agree to pay all taxes, assessments or i
impositions which may be imposed against the property for any
type of improvements made by any public body which result in
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an assessment being imposed against the property. '
Second Parties further agree to keep the buildings,
now or hereafter on said land, fully insured in a sum not less `
than the maximum insurable value, in a company or companies
acceptable to First Party, the policy or policies.to be held
by and payable to First Party and, ~.n the event any sum of
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money becomes payable by virtue of said insurance, First Party
shall have the right to receive and apply the same to the in- -
debtedness hereb.y secured, accounting to Second Parties for any
surplus. .
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Second Parties also agree to pay all costs, chaXges,
; expenses, lawyer's fees and title searches reasonably incurred -
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I or paid by First Party because of the failure of Second Parties
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~ to promptly and fully comply with all conditions and covenants
~ in this agreement. In the event Second Parties fail to pay when ~
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~ due any taxes, assessments, insurance premiums or other sums of
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~ money payable by virtue of this agreement, First Party may pay
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~ the same without waiving or affecting her option to foreclose
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~ this agreement, and all such payments shall bear interest from
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date thereof at the highest lawful rate then allowed by the laws
~ of the State of Florida. ~
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= If any sum of money referred to be not promptly paid ~
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within thirty (30) days next after the same becomes due~ or if
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each and every agreement, stipulation, condition and covenant of
this agreement is not fully performed, complied with and abided
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by, then the entire unpa.id balance of this agreement shall forth- ;
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L/1W OFFICES ,
= WILLES, BITTAN & WILLES
i:s
P. O. BOX 90Y
O R ~~~ORT PIERCE. FLORIDA 3J~S0
sooK222 Pacf Z71
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