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the party of the first part because of the failure of the parties
of the second part to promptly and fully comply with the agree-
ments, stipulations, conditions and covenants of this agreements
to perform, comply with and abide by each and every the agree-
ments, stipulations, conditions and cove:~ants set forth in this
agreement. In the event the parties of the second part fail to
pay when due any tax, .assessment, insurance premium or other sum
of money payable by virtue of this agreement, the party of the
first part may pay the same, without waiving•or affecting the op-
tion to foreclose or ar>,y other right hereunder, and all such pay-
ments shalt bear interest from date thereof at the highest lawful
rate then allowed by the laws of the State of Florida.
If ar>~y sums of money herein referred to be not promptly
paid within 30 days next after the same becomes due, or if each
and every the agreements, stipulations, conditions and covenants
of this agreement are not fully performed, complied with and
abided by, then the entire sum mentioned in this agreement, or the
entire balance unpaid thereon, shall forthwith or thereafter, at
the option of the party of the first part, become and be due and
payable, anything in said agreement or herein to the contrary
notwithstanding. Failure by the party of the first part to exercise
at~y of the rights or options herein provided shall not constitute
a waiver of at~y rights or options under this agreement accrued or
thereafter accruing.
Each maker, surety and endorser hereof, jointly and sever-
ally waives demand, presentment, protest and notice of protest for
nonpayment and further agrees to arty extension of time of payment
either before or after maturity, without notice to any of us; and
to pay all costs of collection including a reasonable attorney's -
fee in the event of any default hereunder.
IT IS MUTUALLY AGREED, by and between the parties hereto,
that the time of payment shall be an essential part of this con-
tract, and that all covenants and agreements herein contained
shall extend to and be obligatory under the successors, heirs,.
executors, administrator and assigns of the respective parties. -
IN WITNESS WHEREOF, the parties to these presents have
hereunto set their hands and seals the day and year first above {
written .
Beulah F. Law rr s.EO AM~t r: v?~oFo
~ i~. LUC!E ~ ~ FLA.
! 114C=~•._*•~S
RECQpr. /('1~~'a
~ 2 32 ~M'~~
~ ~ ~
. William S . Pa Jr~. 4~~.,~ -
~
die A. Payne
STATE OF FLORIDA
2 COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an officer
duly authorized in the State aforesaid and in the County afore-•
said to take acknowledgements, personally appeared BEUL.AH F. LAw,~ ,ai;;j;<<; .
~ and WILLIAM S . PAYNE , JR . and BYRDIE A . PAYNE , to me known to ~ ~1_~Y : ~
~ ,
~ the persons described in and who executed the foregoing inst~ 6„ ,;y+~ :6~
and who acknowledged before me that they executed the same.~;,~~~:, ,~~Yg~d•: ;
~ WITNESS my hand and official seal in the County antt=~,&~~i~.~, ` s
~ last aforesaid this f St day of April A. D. 1979. ;~•s~ ~1 N j•O~';• o` ;
This instrument prepared by: `s~`''~1f~ •
~ trs:•
Beulah F. Law
i
1100 17th Street •
f Vero Beach, Florida 3~2(~960 ~ ,
d t,R _t/~ f~~ ~•y ~a~,~tn~ ~...~li Ext~~t.,- t i~;.~u~ti 1 - - ' -
s~hC u~~,a~c:: ~ nv t,! :/1111 7.E Rti .t1 .