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~ ARTICLES OF AGREEMENT - Page 2.
Second Parties hereby covenant and agree to pay all
taxes, assessments or impositions that may be legally levied or
imposed on said land subsequent to tbe year 1973. Seconc~ Parties ~
further agree to keep the buildings now or ~ereafter on said land i
fully insured in a sum not less than ttie maximum insurable value,~
in a company or companies acceptable~to First Parties, the policy
or policies to be held by and payable to First Parties, and in
the event any_swa of money becomes payable by virtue of said in-
surance, First Parties shall have the riql~t to receive a~nd apply ~
the same to the indebtedness hereby secured, accounting to Second
Parties for any surplus.
Second Parties agree to pay all costs connected with the
recording of this agr~ement, which is to be recorded no later ;
than December 31, 1974, in order for Second Parties co Ae ~n-
titled to receive homestead exemption in the coming year, to
keep the real estate taxes to a minimum. ~
~ Second Parties agree to pay all costs, charges and e~c-
k
~ penses, including attorneys fees and title searches, reasonably
incurred or paid by First Parties because sf the failure of
Second Parties to promptly and fully comply with all conditions,
- covenants and agreements contained herein. In the event Second
Parties fail to pay when due any taxes, assessments, insurance
premiums or other sums of money payable by virtue of this agree-
ment, First Parties may pay the same without waiving or affecting
their option to foreclose this agreement, and all suclz payments
shall bear interest from date thereof at the highest lawful rate
then allowed by the laws of tYie State of Florida. ;
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If any swn of money referred to be not promptly paid
within 30 days next after the same becomes due, or if each and
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WILI.FS. 61TTAN A WILLES ~oo~~~ P~~~
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RORT rltRCi. FLORIDA ~s400
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