HomeMy WebLinkAbout0283 The Purchasers shall be permitted to yu into pcissessiot?
of the property covered by this Agreement upon the date of its
execution, and shall assume all liabilities for insurance, taxes
and maintenance from that date. The Purchasers agree to maintain
the interior and exterior of all buildings in good condition and
maintain fire and extended coverage insurance on the buildings in
an amount not less than the balance due the Sellers under this
Agreement or the maximum insurable value of the property, whichever
is less. Required documentary stamps shall be placed on the Deed
by the Sellers. All stamps to have this Agreement recorded shall
be placed cn it by the Purchasers.
The time of payment shall be of the essence and in the
event of any default in the payment of any part of the purchase
money when it becomes due or in the performance of any other
obligations assumed by the Purchasers under this Agreement, and in
the event that the default shall continue for a period of fifteen ( 5)
days, then the Sellers may consider the whole of the balance due
under this Agreement immediately due and payable and collectable,
or the Sellers may rescind this Agreement, retaining the cash
consideration paid for it as liquidated damages, and this Agreemen
shall then be null and void.
In the event that it is necessary for the Sellers to enforc
this Agreement by foreclosing proceedings or otherwise, all costs
of those proceedings, including a reasonable attorneys fee shall b
paid by the Purchasers. The obligations and benefits under this
i
~ Agreement shall extend to the personal representative, heirs and
assigns of the respective parties.
~ IN IJITNESS WHEREOF, the parties have set their hands and
seals the day and year first above written.
Signed, seal a elivered
R in the pr n 'o . i
Howard W. Sampson
_:RENNANd~MU9CHOTT
` ~AwtlERt Emerson G . son
'~S DELAMARE AVEM/E _ ~ /
FORT CIE ncE,fLO111DA AS `.0 Sellers
,E William F. Samps
~ Sellers
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