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Home My WebLink About0023 page two . Said party of the second part hereby covenants and agrees Co pay all taxea~ assessments or impositions thaC may may be legal y e on said land subse uent to the year 19,~in the ~ levied or impos d q manner set out above. Second party further agrees to keep build- ing, now or hereafter on said ]and fully insured in a sum approved by the party of the first part~ in a company or companies accept- able to first party ~ the policy or policies to be held by, and payable to first party or its designate. and in the event any sum of money becomes payable by virtue of said insurance• the first ? ~ party shall have the right to receive and apply the same to ~he ~ f indebtedness hereby secured, accounting to second party for any surplus. To permit commit or suffer no waste, impairment or det- erioration of said property ~or or any part thereof, second party - also agrees to pay all costs. charges and expenses, lawyer•s fees and title searches, reasonably incurred or paid by first party be- ' cause of the failure of second party to promptly and fully comply ~ with all conditions and covenan~s in this Agreement. In the event " ~ ~ second party fails Co pay,: when due, any taxes ~ assessments, in- ; surance premiums or other sums of money payable by virtue of this } 4greement, first~party may pay the same without waiving or affect- ; ing thef r option to foreclose this Agreement~ and all such payments ~ shall bear interest from date thereof at the highest rate then ~ ~ allowed by the Laws of the State of Florida. ~ If any sum of money herein referred to be not promptly pafd with- ~ in thirty (30) days next after the same becornes ~lue, or if each ~ ; and every ~he agreements~ stipulations, conditions and covenants ~ of this Agreement are not fully performed~ complied with and abided ~ t by. then the entire unpaid balance of this Agreement shall be forth- ; ? ~ with and thereafter, at the option .of the first party, become due ~ and payable and the estate hereby created in second party shall ~ cease, terminate and be null and void. Furthermore, this Agree- ~ rnent shall ~ at the option of the party of the first part, be for- < ; feited and terminated, and the party of the second part shall for- ~ feit all. payments made by them on this contract= and such payments ; shall be retained by the satd party of the first part in full ~ ? ~ : ~ satisfaction and liquidation of all damaged by him sustained, and the said party of the first pa'rt shall have the right to reenter ~ and take possession of the premises aforesaid, without befng li- ~ able for any action therefor. ~ ` IT IS MUTUALLY AGREED by and between the parties hereto that the ~ time of each payment shall be an essential part of this Agreement, i ~ ~ ~ and that all covenants and agreements herein contained shall extend ~ to and be obligatory upon the heirs, executors. administrators and ~ ~ ~i STATE ~F FLORiD~ ~ ~ = DOCUMENIARY $TkMP Tl: ~ ~ s~~' c~ ° OEP1. iiF REYE"iUE t ~ ~ A `y' _ ~ ~ Z 7. ~ 0 1 ~ - M - 9.8. - ' > ° i!' ~ ~ P7 = tl:^2 _ _ ~ 1 0 ~ . U R. WCi-2-2 BGOK 235 PAGE , ~ - ~ ~ . _ , . . _.i ~i.~%4