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HomeMy WebLinkAbout1296 ~ y i 9. Time is of the essence of this Agreement. In the event Buyers fail to make -any payments required by the tercas k of this contract at the time the same falls due and prior to the delinquency .thereof, including installment payments to the Sellers, and if such default continues for Sixty (60) days, Sellers at their option may: Accelerate and bring an action for the balance of t the purchase price remaining due, or for any other relief ~ t available in law or equity, including suit to recover any payment or payments made by the Sellers and repayable to the Buyers - hereunder, it being stipulated and agreed that such obligation to re-pay is a separate and independent covenant of the Buyers. No action to recover any payment or payments so made by the Sellers shall constitute a waiver of the rights to proceed otherwise with respect to any subsequent default. - No waiver by the Sellers of any default of the Buyers shall be construed as a waiver of any subsequent default. 10. The parties acknowledge that default shall be construed as having occurred hereunder when the payment as re- quired by the Buyers shall have been delayed or not made within Sixty (6~)~days of the due date thereof. - 11. It is agreed that the Se1l~ers shall continue - to be responsible for all Mortgage payments due WILLIAMSBURG j - SAVINGS BANK, and to keep current in all respects those i ~ provisions as set forth in the Mortgage and Note due the said Mort a ee. In the event Sellers shall default in the ~ { g g performance i- of any of their obligations thereunder, Buyers shall have the right to cure such default and to apply the full amount of any monies so paid to the reduction of the indebtedness due the Sellers under the terms of this Agreement. - 12. The closing of the within transaction shall ~ ! be at the offices of HAROLD H. GOLDMAN, ESQUIRE, 8028 South : Federal Highway, Port St. Lucie, Florida 33452, on or about April 1, 1980, at 10:00 A.M.. At the time of the closing Sellers shall be responsible for the: documentary stamps necessary to be NAROLI7 H. CsOLDMAN affixed to this Agreement, all real estate commissions, tax arTOnnEr wr u?w 56i. S. FEDEIIALNMY- ~~~E•.u-~ prorations to the date of closing and all legal fees in . BQO ~ «GE~L~rt7V I -Page Four of Six Pages- _ .