HomeMy WebLinkAbout0857 s•
• ~
i
(c) One-half of any loan proceeds remaining after (a)
and (b) above shall be applied to reduce the balance due party of i
the first part under this Agreement.
In the event of the failure of the parties of the second
part to make any payments due hereunder or any part thereof, or
to perform any of the covenants on~their part hereby made and
entered into hereunder, which failure shall remain in effect for
thirty (30) days, this Agreement shall, at the option of the party
of the first part, be forfeited and terminated, and the parties of
the second part shall forfeit all payments made by them under this
i
contract; and such payment shall be retained by on to the benefit
of the party of the first part and the party of the first part
shall have the right to re-enter and take possession of the above-
described property together with all improvements and personal pro-
perty located thereon without being liable to any action therefore.
In the event legal action is undertaken by either party hereto to
enforce its respective rights hereunder or to compel compliance `
hereunder, the prevailing party shall be entitled to receive its
reasonable attorney's fees and costs of such action-from the other ~
party hereto.
It is mutually agreed by and between the parties hereto
that the time of each payment shall be an essential part of this
Agreement and that all covenants and agreements herein contained
shall extend to and be obligating upon the heirs, successors, ad-
i
t
ministrators and assigns of each of the respective parties hereto.
IN WITNESS WHEREOF, the parties have hereunto set their
G
hands and seals the day and year first above-written.
z PARTY OF THE FIRST PART:
ti
WLTNES ~S: BARROWS ENTERPRISES, INC., a
Florida Corporation f
, ~ti apaci ty
I
e
( Attest ? `
Ep
t
_ Capacity
~o~~ ~~s~
_a._ .f~:,.:
~ 8334 P~
~_~-y