HomeMy WebLinkAbout0344 ARTICLES OF AGREEMENT - Page 2.
~ Second Parties further agree that a late charqe will be
paid by them, in the amount of $8.71, for eacb payment under this
contract which is over 15 days late,.that is to say, for each
payment that is made after the 25th day of each month. .
. Second Parties agree to reimburse First_Parties for all
real estate taxes, assessments or impositions that may leqally be
levied or imposed upon said land after the year 1978 by depositing
. the amount of same in the aforementioned First Federal Savings and ~
Loan.Association account within 15 days of written notice to
SP~~n~ parties bv First Parties, of the amount to be reimbursed.
Second Parties further agree to keep the buildings, now or _
hereafter on said land, fully insured in a sum not less than the
maximum insurable value, in a company or companies acceptable to
First Parties, the policy or policies to be held by, and payable
to First Parties. Se~ond Parties will reimburse First Parties,
within 15 days, for all insurance premiums paid by First Parties
after the year 1978, by depositing said amount to the aforemen-
,
~ tioned account at First Federal Savings and Loan Association of
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Fort Pierce. In the event any sum of money becomes payable by
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~ virtue of said insurance, First Parties shall have the right to
~ receive and apply same to_the indebtedness hereby secured, ac-
t
counting to Second Parties for any surplus. .
~ Second Parties also agree to pay all costs, charges, ex-
~ enses, la er's fees and title searches reasonably incurred or
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~ paid by First Parties because of tne faiiure oi Secon3 Pd~~ies to
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~ promptly and fully comply with all conditions and covenants in
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` this agreement. In the event Second Parties fail to pay, when due,
k any taxes, assessments, insurance premiums or other sums of money
~ .
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~ payable by virtue of this agreement, First Parties may pay same
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$
~ uw o~F~ces ~p
wiu.ES, BITTAN 8~ WILLES BOGr: ~.a~D PACE
~ P. o. eox soa
~ FORT PIERGE. FLORiDA ~~.460
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