HomeMy WebLinkAbout0551 , ~
. ~
~ to the indebtedness hereby secured, accounting to the party
of the second part for any surplus; to pay all costs, chargea
and expenses, including lawyer's fees and title searches,
reasonable incurred are paid by the party of the fixst part
because of the failure of the party of the second part to
promptly and fully comply with the agreementa, stipulations,
conditions and covenants of this agreement; to perform, comply
with and abide by each and every the agreements, atipulations,
conditions and covenants set forth in this agreement. In the
event the party of the second part fails to pay when due any
tax, assessment, insurance premium or other sum of money pay-
able by virtue of this agreement, tbe party of thQ first part
may pay the same, without walving or affecting the option to _
foreclose or any other right hereunder, and all such payments
shall bear interest from date thereof at the highest lawful
rate then allowed by the laws of the State of. Florida.
If any sums of money herein referred to be not promptly
paid within 30 days next after the same becomes due, or if cach
and every the agreements, stipulations, conditions and covenanta
of this agreement are not fullyperformed, complied with and
abided by, then the entire sum mentioned in this agreement, or
the entire balance unpaid thereon, shall forthwith or there-
after, at the option of the party of
the first part, become
and be due and payable, anything in said agreement or herein ,
to the contrary notwithstandi~g. Failure by the party of the
first part to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options
under this agreement accrued or thereafter accruing.
Each maker, surety and endorser hereof, 3ointly and
severally rraives demand, presentment, proteat and notice of
protest for nonpayment and further agr~es to any extension
of time oP payment either before or after maturity, without
notice to any of us; and to pay all costs of collection in-
cluding a reasonable attorney's fee in the event of any defa~llt
hereunder. .
IT IS MUTUALLY AQREED, by and between the parties hereto,
that the tlme of payment shall be an essential part of this
contract, and that all covenants and agreementa herein con-
tained shall extend to and be obligatory under the successors, •
heirs, executors, administrator and assigna of the respective
parties. .
i
'f IN WITNESS WHEREOF, t~e parties to these presenta have
; hereunto set their hands at~d seals the da~y and year first above
; xritten.
E
~
~ ' BACKUS ENTERPRISES, INCORPORATED
~
~
~ ` By ~ ~ Q eal)
to party of f rst part Freder ck B. Guhse, President
; .
~ (Seal)
~ W am F. omas
~
~
:
.
~ s to parties~of econd . ~Seal)
~ art earl . Thomas
~ .
~ . ,
~ " ~
PHILIP G. NOURSE ' ,L~;..y••••. ~,j
~ ~ ra ~ ~ Q T .
~C~~ i
~TTONNEY AT lA1 ~ `i,; ' ~ i~ :
~ ~ ~
1)3.AMORTMfOURTM ' J; 4~~• ~ _
GORT ?IERCE, fLORIDA = ~ ~
~3ri0 " ~ ~.i ~ 6. ti
~ '•:~Y w~ = ~ ~t :
TELE?MOMt pOflMl.lf~1
~ ~ R ' x oa:,J,.°•* ^
245 PACE 550 s''
BOOK ~ ~ "
''~~~~I~t~~~ J ~
t
~ . . . . - . ~ . ~