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ARTICLES OF AGRE~IENT - Page 2.
company or companies acceptable to First Parties, the policy or
policies to be held by, and payable to, First Parties, and in the .
event any sum of money becomes payable by virtue of said insurance,
First Parties shall have the right to receive and apply the same
to the indebtedness hereby secured, accounting to Second Party for
any surplus.
Second Party also agrees to pay all costs, charges, ex-
penses, lawyer's fees and title searches reasonably incurred or
paid by First Parties because of the tailure of Second Party to
promptly and fully comply with all conditions and covenants in
this agreement. In the event Seconc~ Party faiis Lv pay when due,
any taxes, assessments, insurance premiums or other sums of money
payable by virtue of this agreement, First Parties may pay the
same without waiving or affecting their option-to foreclose this
agreement, 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 sum of money referred to be not promptly paid with-
in thirty days next after the same becomes due, or if each and
every agreement, stipulation, cond'ition and covenant_ of this agree-
ment is not fully performed, complied with and abided by, then the
entire unpaid balance of this agreement shall forthwith and there-
after, at the option of First Parties, become due and payable and
the estate hereby created in Second Party shall cease, terminate
and be null and void. Furthermore, this agreement shall, at the
option of First Parties, be forfeited and terminated, and Second
Party shall forfeit a21 payments made by him on this contract, and
such payments shall be retained by First Parties in full satisfac-
tion and liquidation of all damages by them sustained, and First
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FORT PIERC[, FIORIDA 33400