HomeMy WebLinkAbout0303 assessments not yet due and payable and such easements,
restrictions, reservations and other related items so as not to
interfere with the intended use of the property by the Buyers.
Said Abstract shall be delivered t~ Buyers on its issuance and
shall be accepted by them as evidence of Sellers' title to the
property as hereinabove described.
8. Title in the aforesaid realty shall be and is
reserved to the Sellers, their heirs, executors, administrators,
successors and assigns until full performance by the Buyers as
required hereunder. Upon full performance by the Buyers, the
Sellers shall deliver to the Buyers a fee simple title to said
realty, by general Warranty Deed, free and clear of all liens and
encumbrances, except for zoning and other governmental
regulations and such restrictions, easements and reservations as
may appear of record in the Abstract of Title being delivered to
the Buyers prior to the closing hereof, and the Mortgage
hereinabove recited.
9. Time is of the essence of this Agreement. In
the event Buyers fail to make any payments required by the terms
of this contract at the time the same falls due and prior to the
f delinquency thereof, including installment payments to the
E ~ Sellers, and if such default continues for Forty-five (45) days,
i
I Sellers at their option may:
a
Accelerate and bring an action for the balance of
~ i
e ~ 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
~
~ l 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
~ a ~ O!. D H. GOLDMAN
~,riOr+wErATEww construed as having occurred hereunder when the payment as re-
gr~72 S FEOERAI NIFY.
S7 lUC1E.FlA. 1]162
quired by the Buyers shall have been delayed or not made within
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