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ARTIC'LFS OF AGREEi?lEI1T - Page 2.
ta.~c statements are received by either party hereto.
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, In the event. any sum of money becomes payable
by virtue of said insurance, First Parties shall have the-right to
receive and apply same to the indebtedness hereby secured, ac-
- ~ -
counting to Second Parties-for any surplus. - -
Second Parties-also agree to pay all costs, charges, ex-
penses, lawyer's fees and title searches reasonably incurred or
paid by First Parties because of the failure of Second Parties to -
promptly and-fully comply with all conditions and covenants in
this agreement: In the event second Parties fail to pay, when -
- due, any taxes, assessments,_insurance-premiums or other sums of -
money payable by virtue. of this agreement,- First Parties may pay
- 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
within. thirty (30) days next after-the same becomes-due, or if
each and every agreement, stipulation,-condition and covenant of _
this agreement is not fully performed, complied with and abided -
by, then the entire unpaid balance of this agreement shall forth-
with and thereafter, at the option of First Parties, become due -
and payable a~i3 the estate hereby created in Second Parties shall
cease, terminate and b~~ null and void. Furthermore, this agree-
merit shall, at the option of First Parties, be forited and term-
LAW OFFICES
- WI~.~, 6117AN s wl~s °324 PAGE _
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FORT PIERCE. FLORIDA.3~~30