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7. Buyer consents and agrees to commit, permit or suffer
no waste, i.mpairment or deterioration of the said property, or any .
part thereof, which means~there shall be no cuttinq of trees, no
non-opeiatinq vehicles, accumulation of debris, refuse, trash or
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not to assign this Agreement or transfer his interest hereunder with-
out the previous written consent of Seller, which consent shall not _
be unreasonably withheld. A violation of this covenant shall entitle
Seller to immediately declare the entire balance c~ue and p~yable
hereunder. .
.8. In the event Buyer fails or refuses to pay any taxes,
liens or assessments aforesaid and as a consequence of such failure
on the part of Buyer, Seller pays out any amount of money for such
purposes which should have been paid by Buyer, all such sums sh~ll
bear interest at the rate of 10$ per annum and~shall be repaid-by'
- Buyer to Seller at the next payment date. •
9. Seller ~nd Buyer understand and agree that 8ue to the _
processing costs resulting from the terms and conditions of this
Contract, Buyer shall pay $10.00 penalty, in addition to the monies
called for herein, for any late payment or returned check. Such :
pen~?lty shall be payable upon demand and may not be increased more
.than 25$ in any given year. ~ -
10. Time is of the~essence hereof. In the event Buyer
fails to make any payment required by him to be made hereunder, and
continues in default for a period of ten (~10) days, or in the event
Buyer defaults in the performance of any other of his obligations for
a period of ten (10) days a£ter written notice by Seller to correct
such default, then Seller shal.l have the following rights in addition~
to any other rights available to him under Florida law:
(a) To declare the entire unpaid balance under this
f Agreement for Deed immediately due and payable and initiate fore-
~ closure proceedings thereon, in~which event Buyer shall be liable
! to pay Seller all costs and expenses incurred, including the expenses
~ of Title search and reasonable attorney's fees, and for a deficency
~ ~ j udgment, • or
(b) Seller may elect to terminate this Agreement
and upon notice of termination thereof to Buyer, Buyer shall sur- .
render~possession of the subject property and execute and deliver
to Seller a Quit Claim Deed thereto, and all sums theretofore paid
by Buyer to Seller shall be kept and retained by Seller as liquidated
damages and as a reasonable rent for use of the subject property.
11. Buyer understands and agrees ~hat any improvements
made to said property shall remain on and with said property and
~ Buyer shall be responsible for any liens, judgments or impositions
~ placed against said property as a result of Buyer's actions.
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12. ~?ny notice to either party hereto required or proper ~
~ under this Agreement may be given by mailing the same to each party
at the following post office address:
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