HomeMy WebLinkAbout0869 of this Contract at the time the same falls due and prior to the
delinquency thereof, including installment payments to the
Seller, taxes, assessments and insurance premiums, and if such
default continues for Thirty (30) days, Seller at its option
may:
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A. Declare a forfeiture of Buyers' rights
hereunder and cancel this contract. On such election, all right,
title and interest of the Buyers hereunder shall cease and deter-
mine and all payments therefor made by Buyers shall be retained
by the Seller as liquidated damages and as rental for the use and
occupancy of the property.
B. In lieu of declaring a forfeiture, accele-'
rate and bring an action for the balance of the purchase price
remaining due, or for any other relief available in law or
f
equity, including suit to recover any payment or payments made by
the Seller 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 Seller shall
constitute a waiver of the rights to proceed otherwise with
respect to-any subsequent default.
C. No waiver by the Seller of any default of
the Buyers shall be construed as a waiver of any subsequent
default.
j 10. The parties acknowledge that default shall be
construed as having occurred hereunder when the payment as
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required by the Buyers shall have been delayed or not made within
Thirty (30) days of the due date thereof.
11. It is agreed between the parties hereto that
the Buyers are purchasing and taking possession of the within
property in its "as is" condition.
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12. The closing of ,the wirhin transaction shall be
at the offices of HAROLD H. GOLDMAN, ESQUIRE, 8028 South Federal
Highway, Port St. Lucie, Florida 33452 on or about ~'!/qy / ,
1980, at 10:00 A.M.. At the time of the closing Seller shall be
HAROLDH.coLOMnN responsible for all real estate commissions, if any, and tax
arroa»Er wt uw
8v28 S. FEDEaAL ICY.
vi 57 ~UCIE.FU. 7t6t
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60(i~ JJ1 PACE ~ I