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contained. upon the face thereof a mortgagee clause in favor of
. the Seller as its interest may appear. All premiums on such
policy shall be paid by the Buyers.
6. If Buyers fail or neglect to pay any
installment of taxes or any assessment or insurance premium when
due, Seller shall have the right to make such payment and to add
the amount or amounts thereof, to the obligation of the Buyers.
Such right shall be deemed to be an option and shall impose no
obligation on the Seller and Seller may elect to tread such
neglect or failure on the part of the Buyers as a breach of this
contract.
7. It is further agreed between the parties that
the buyers shall be entitled to all credits and deductions for
tax purposes of the payments made for taxes, interest and
insurance made during the life of this agreement.
8. Seller has obtained or shall obtain prior to
the closing hereof an Abstract of Title, or Title Insurance
Policy certified to at least the date of this Agreement -and shall
pay the cost thereof, said Abstract or Title Insurance Policy
showing good and merchantible title, subject only to this
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contract, taxes and assessments not yet due and payable and such
f
~ easements, restrictions, reservations and other related items so
as not to interfere with the intended use of the property by the
Buyers. Said Abstract or Title Insurance Policy shall be
delivered to Buyers on its issuance and shall be accepted by them
as evidence of Seller's title to the property as hereinabove
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described.
9. Title in-the aforesaid realty shall be and is
reserved to the Seller, its heirs, executors, administrators,
successors and assigns until full performance by the Buyers as
required hereunder. Upon full performance by the Buyers, the
Seller shall deliver to the Buyers a fee simple title to said
realty, by statutory Warranty Deed, free and clear of all liens
and encumbrances, except for zoning and other governmental
regulations and such restrictions, easements and reservations as
HAROLD H. GOLDM/W
.rroR~rATUw may appear of record in the Abstract of Title or Title Insurance
.m, M.,?.
iT ST. LUCIE.RA. ilia
Policy being delivered to the Buyers prior to the closing
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