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in the event any su~ oi ¦oaey becaoes payable by virtue of
such fasurance the parties oi the lirst part shall have the ~
.right to receive and apply the saae to the indebtedness
hereby secured,accounting to the party o! the second part
!or any surplus; to pay all coste, charges~ and eapenses,
including lawyer•s lees snd title eearches, reasonable in-
curred are~paid by the parties oi the first part because
oi the lailure of the party oi the second part to promptly ~
and fully co~ply with the agree~ents, stipulations, con-
ditions and covenaats o! this agree~ent; to perfors, coa~ply
with a ad abide by e ac6 and everq the agree~ents. •tipulations,
coaditions and covenants-set iorth in this agree~ent. In the
eveat the p4 rty o! the second part isils to pay when due aa~
tsz, assessa~ent, insurAnce preaiuv or other su~ of soney pay-
able by virtue o! this agreea~ent, the parties o~ the iirst ¦ay .
pay the eaa~e,-without ~aiving or atlecting the option to
toraclose or any other right hereunder, and all such pay~ents
shall bear interest fra¦~ date thereo! at the highest lawlul
rate then allowed by the laws of the State o! Florida
Ii any su~s of aoney herein referred to be not praaptly
paid within 30 days nezt aiter the sare becaoes due, or if eacb
and every the agreeaents,stipulations, conditions and covenanta
o~ this agree~ent are not fully performed, cao~plied with and
abided by, then the entire eu~ ¦entioned in this agree~ent, or
the entire balance unpaid thereon, shall lorthwith or there-
alter, at the option o! the parties oi the first part, beco~e
and be dueand payable, anything in said agree~ent or herein
to the contrary notwithstanding. Failure by the parties o! the
first part to eaercise any o! the.righta or options herein
provided shall not constitute a waiver olany rights or options
under this agree~ent accrued or thereafter accruing.
$ach ¦aker, surety and endorser hereof, jointlq and
severally ~raives deastnd, presentaent, protest and notice of
protest for aonpayaent and further agrees to any eatension
ot ti~e o~ paysent either belore or alter ,sturity, with out
notice to any of us; and to pay all costs ot collection, in-
cluding a reasonable attorney's fee in the event o! any default
hereunder.
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' . IT IS 1[iTrQALLY AGREED, by and between the parties- hereto,
E that the tiaie o! payaent shall be an essential part o! this
~ contract, and that all covenants and agree~ents herein con-
, tained shall eatend to and be obligatory under the successors,
~
E heirs, eaecutors, ad~inistrator and assigns of the respective
~ parties.
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~ IN 1/ITNS33 11HSRSOF, the parties to thes• presentB have
~ hereunto set their hands and seals the day and year first above i
' written. - i
~ 3ignedti se led and ' ' _ ~
~ delive e he presence (I.S) ~
ian Vargo, Sr.
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~ ' . , - ~
~ , o yn T Vsrg
Part es ot the Firs Part ~
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A o ar s of ths tirs ~ ~ ~ \ ~ ( `
~ ---_'l~~d ~ 1l: r ~~I ~1~~ \~l
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Au~ney N. T~s
Party of the Second Part
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As to rt the second p rt. ~
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~ b00K ~~6 PAGE18~
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