HomeMy WebLinkAbout0959 ARTICI,ES OF AGREEMENT - Page 2. '
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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 gay all costs, charges, ex-
penses, lawyer's fees and title searches reasonably incurred or
paid by First Parties because of the failure of Second Party to
promptly and fully comply with all conditions and covenants in
this agreement. In the event Second Party fails to pay when due,
any taxes, assessments, insurance premiums or other sums of money
pavable by virtue of this agreement, First Parties may pay the
same without ~vaiving 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 S~ate 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 -
e~~ery agreement, stipulation, condition and covenant of this agree-
mer.t is not fully performed, complied with and abided by, then the
entire unpaid balance of this agreement ~hall forth~~i-th and there-
aftez, at the option of r^irst Parties, become due and payab?e and
the estate hereby create3 in Second Party shall cease, terminate
and be null and void. Furthermore, this agreement sha11, at the
option of First Part'ies, be forfeited and terminated, and Second
Party shalZ forfeit all paynaents 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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O R '~Q WILI.ES. DITTAN 9r WILLES
BGGK V t'ACE J~ f P_ o. eox aos .
FORT Pt~ERGE. FLGRI~A 3345v