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to the indebtednese hereby secured, accounting to the party
of the second part for any surp~us; to pay all costs, charges
and expenses, including lawyer's fees and title searches,
reasonable incurred.are paid by the party of tbe f3aat part
because of the failure of the party of the second part~to
promptly and fully comply with the agreements, stipulations,
conditions ar~d covenants of this agreement; to perform, comply
Kith and abide by each and every the agreements, stipulations,
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 aum of money pay- I
able by virtue of this agreement, the party of the first part '
may pay the same, without Naiving 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 a1loMed by the laWS of the State of Florida.
If any sums of money herein referred to be not promptly
paid Nithin 30 days next after the same becomes due, or if each
and every the agreements, stipulations, conditions and covenants~
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 notwithstanding. Failure by the party of the
first part to eaercise any of the rights or options herein
provided shall not constitute a Naiver of any rights or options
under this agreement accrued or thereafter accruing.
Each maker, surety and endorser hereof, ~ointly and
severally waives demand, presentment, protest and notice of
protest for nonpayment and further agrees to any extension
oP time of 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 AGREED, by and between the parties hereto,
that the time of payment shall be an essential part of this
contract, and that all covenants and agreements herein con-
tained shall extend to and be ob2lgatory under the successors,
heirs, executors, administrator and assigns of the respective
, parties.
~
~ • IN WITNESS WHEREOF, the parties to these presents have
` hereunto set their hands and seals the day and year first above
; written.
~
~
~ a~~ BACKUS ENTERPRISES, INCORPORATED
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C `
BY ~(Seal)
~ s o party o first part Fre er c . u se, res ent
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$ `~~Q Gs~ ~-ccr e a 1)
~ • ann e ue ston -
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~ As to party f second part U, t~
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~ QJ'~G 1O7 ~ y '
~~c ~ i~ • ~~~CS~J.• ~h
~ PHILIP G. NOURSE f''~~~'?J tS~.CitL~ :
- ~'~i~n~~~.........
~
~ qTTORNEY AT LAM
~ `33.~ NORTH FOURTN
F~RT PIERCE, FLORIDA ~
s •
~ 3]ISO . ~
~ t E. EPMOME (30S11~1-17~1
; BQaK 245 PAGE 553 .
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