HomeMy WebLinkAbout0325 In the event this contract is assigned without the written
consent of the party of the first part, Chen the full
unpaid balance of the obligation referred to above shall
be due and payable. at the option of the party of the firet
part.
AND the parties of the second part hereby further covenant
and agree to pay promptly when due the principal and interest and
other sums of money provided for in this Agreement; to pay all and
singular the taxes, assessments, levies, liabilities, obligations, ~
and encumbrances of every nature on said property; to permit, com-
mit or suffer no waste, impairment or deterioration of said land
or the improvements thereon at any time; to keep the buildings now
or hereafter on said land fully insured in a sum not less than the
amount remaining from time to time unpaid in a company or companies
acceptable to the party of the first part, the policy or policies
to be held by. and payable to, said party of the first part, and
in the event any sum of money becomes payable bq virtue of such
insurance, the party~ of the first part shall have the right to
receive and apply the same to the indebtedness hereby secured, ac-
counting to the parties of the second part for any surplus, to pay
all costs, charges and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the party of the first_
~ part because of the failure of the parties of the second part to
i promptly and fully comply with the agreements; stipulations, condi-
~ tions and covenants of this Agreement; to perform, comply with and
` .
~ abide by each and every the agreements~ stipulations, conditions
~ and covenants set forth in this Agreement. In the event the parties
of the second part fail to pay when due any tax, assessment, insur-
~ ance premium or other sum of money payable bq virtue of this Agree-
~ ment, tlie party of the f irst part maq pay the same, without waiving
~ or affecting the option to foreclose or any other right hereundez,
s
~
~ and all such payments shall bear interest from datet~ereof at the
~
4
I
E highest lawful rate then allowed by the laws of the State of Florida.
~ IF any sums of money herein referred to be not promptlq paid
~
~ within 30 days next after the same becomes due, or if each and every
~ ~ ~
~ the agreements, stipulations, conditions and covenants of this Agreemez~t
^RIG~HARB-D. SNEED. JR. P.A.
ATTORNEY AT LAW 6OOK ~V~ PACE
~ 700 VIRGINIA AVENUE. SUITE 102 - FORT PIERCE. FLORIDA 33~50 - 1305) 48fi-2330
r-- ~ _ _