HomeMy WebLinkAbout0044 i
9. Time is of the essence of this Agreement. In
s
the event Buyers fail to make any payments required by the terms C
' i
of this contract at the time the same falls due and prior 'to the ~
Jelin uenc thereof includin installment ~
9 Y . 9 payments to the
Sellers, and if such default continues for Thirty (30) days,
Sellers at their option may:
Accelerate and bring an action for the balance of
the purchase price remaining due, or for any other relief
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
Thirty-(30) days of the due date thereof.
11. It is agreed that the Sellers shall continue
to be responsible for all Mortgage payments due GDV FINANCIAL
~ CORP., and to keep current in all respects those ~ovisions as
set forth in the Mortgage and Note due the said Mortgagee. In
the event Sellers shall default in the performance 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
May 26, 1980, at 10:00 A.M.. At the time of the closing Sellers
I
shall be responsible for the documentary stamps necessary to be
~!aaOLOH.coLOMnn affixed to this A reement tax
•noRNEr~~uw g , prorations to the date of closing,
907t S. FEDEIIAL MIRY. .
P7 fT IUGE, iLA' 7Ki
g~ X32 44
-4-
- - - - -
_ _ i,N
_