Loading...
HomeMy WebLinkAbout0949 theretofore advanced by Johnson to Hall, the precise amount to be determined by multiplying the amount of the total sum advanced by Johnson by a fraction, the numerator of which shall be the number of days then remaining in the ten-year term and the denominator of which shall be the total number of days in said ten-year term. In the event of such premature termination of this agreement, if the amount due Johnson as aforesaid is not paid upon demand, Johnson may foreclose its lien on real and personal property or take such other legal action as it may be advised; and in the event of legal action, Johnson shall be entitled to collect reasonable attorney fees for the services of its attorneys as the same may be determined by the court. in addition to costs of court by it expended. 6. Upon the payment to Johnson by Hall of the then unamortized amount of the Johnson monetary advance, nothing herein contained shall deter the sooner terminating this agreement; provided, however, if Hall becomes in receipt of an offer to purchase the within described real property (which must be bona fide and in writing), with or without the personal property, befo~e the acceptance of such offer, Nall must extend to Johnson notice of the receipt of such offer, and thereupon Johnson shall have a period of 30 days in which to meet the terms of such written offer. If Johnson elects to meet the terms of such offer, then upon the payment by Johnson of the sums required by such offer, as well as the due and proper execution and delivery of such other legal instruments as may be required under the terms of such offer (all within said 30-day period), then Hall shall convey such property comprehended by the purchase-sale offer, to Johnson by good and sufficient instruments of cdnveyance with full covenants of warranty, or execute a good and sufficient lease, as the circumstances require. -4- FEE. KOBLEGARD & TEEL, P. A. ATTORN[Yi AT LAW ~~ Q ~] ~osr o-r~cc sox ~ooo ~OK3 5 PJ~E t7~ 1 /ORT rl[RC[. ILORIDA ,]~64 T[I~~NON[t (s061 461•5020