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monthly escrow of fifty-five dollars and twenty-four cents
($55.24) unless otherwise amended by CITIZENS FEDERAL SAVINGS AND
GOAN ASSOCIATION OF ST. LUCIE COUNTY. It is agreed and under-
stood herein that the monthly payments will be made p~yable to
TOM VAN ORNAM, c/o VAN ORNAM REALTY, INC., at the following
address:
Indian River Plaza
Jensen Beach, Florioa 33457
at least three (3) days before the scheduled monthly installment
dates described above.
Each of the payments shall be credited first to the payment
of interest and the balance to principal, and prepayment shall be
permitted at any time and from time to time without penalty.
2. It is agreed and understood between the parties hereto
that on or before January 30, 1981, the Grantor will execute and
deliver to his attorney for escrow a good and sufficient warranty
deed showing marketable title in the Grantors. Furthermore, the
Grantors will deliver to the Grantees on~or before January 30,
1981, an abstract updated to current time, the cost of which is
to be borne by the Grantor.
3. The Grantee shall be permitted to qo into possession of
the real property covered by this Aqreement on January 30, 1981,
and shall assume all liability for insurance, taxes and main-
tenance from and after the date that the Grantees take posses-
sion. The Grantees aqree to maintain the exterior and interior
of al-1 buildings in good condition and maintain fire and extended
coverage insurance on the buildings in an amount of not less than
the balance due on the first mortgage, or the maximum insurable
value of the property, whichever is qreater, and further to main-
tain premises public liability insurance with limits of not less
than $300,000.00 as to any one accident, and $100,000.00 as to
any individual with an endorsement or rider naming Grantors as
insured.
4. The required Florida Documentary Stamps and Revenue
Stamps on the Agreement for Deed shall be the responsibility and
expense of the Grantees. The recordinq this Agreement for Deed
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and the warranty deed shall t~e the expense and respon 'bility,'-tif )
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