HomeMy WebLinkAbout0406 of the indebtedness evidenced hereby together with accrued in-
terest shall be due and payable on July 10, 2000. If the Buyers
shall fail to make timely payment on the due date of any monthly ~
installment referred to herein, such installment shall bear .
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interest at the rate of Ten Percent (1096) per annum until paid. ~
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The Buyers may prepay all or a portion of the outstanding
balance due hereunder at any time without penalty; however, no
full or partial prepayment may be made in 1975. All payments ~
hereunder shall be made to the Sellers at 714 S. E. Degan
Drive, Port St. Lucie, Florida 33452 , or at such other add-
_ ress as the Sellers may desiqnate in writing to the Buyers.
The Buyers agree to pay all taxes and assessments or im- ~
positions that may be legally levied or imposed upon the Property
during and after the year 1975, throughout the term of this.
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Agreemeht.
In the event the Buyers fail to make any of the payments
referred to herein or any part thereof for a period of sixty
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(60) days after the due date thereof or to perform any of the -
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i covenants on their part hereby made and entered into, this
~ Agreement shall, at ~he o tion of the Sellers be forfeited and
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` terminated,.and the Buyers shall forfeit all payments made by ~
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~ them on this Agreement; and such payments shall be retained by ~
the Sellers in full satisfaction and liquidation of all damages
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by them sustained, and the Sellers shall have the right to re-
~ enter and take possession of the Property without being liable
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~ to any action therefor. As an alternative remedy, in the event
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~ of any default as set forth above~on behalf of the Buyers, the ~
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~ unpaid balance due hereunder shall, at the option of the Sellers,
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~ BOOK PACf 41~5
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