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A~tT~CLES QF AGREEMENT , . ~
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~ be legally levied or ~.mposed on sa3.d land subsequent tA the
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; ~ year.1963. SECOND ~ARTZES further agree to keep the bu~ld-
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~ ings, now or hereafter on ~aid land, fully insured in a sum !
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no~ Iess than $10,000.00, in a company or companies acceptable , ;
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, to FIRST PARTIES, the pol.icy or pol3~cies to be held by, and
~ ~ a able to FIRST PARTIES, and in the event any sum of money
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~ becomes payable lay virtue.of said insurance, the~FIRST PARTIES
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.3 ~ shall have the right to receive and apply the same.to the ' ~
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; ~ indebtedness heseby secured, accounting to SECOND PARTIES ~
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~ -for any surplu~. SECOND PARTIES also agree to pay all coste, ~
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- ~ charges and expehses, lawyer's fees and title searchea reason- , ~
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; ably incurred or paid by FSRST PARTZES because'of the failuse ~
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~ . ~of SECOND PARTIES to promptly and fully comply with a1.1 ;
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conditions and covenants in this agreement, In the event ~
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SECOND PARTIES fail to pay when due, any taxes, assessments, ~ ~
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~ . insurance premiums ~r other sums of money payable by virtue
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of this agreement, FYRST PARTIES may pay the same without ~
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; waiving~or affecting their op~ion to foreclose this agree-
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~ ment, and a11 such payments sha11 bear interest from date ;
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~ thereof at the highest lawful rate then allawed by the laws
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~ of the State of Florida. ~ - ~
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~ If any sum of money referred to be not promptly gaid ~
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~ within FIFTEEN .(15~ DAYS next after the same becomes due,
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~or if each and every the~agreements, stipulations, condi- ~
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" tions and covenants of this agreement are not fully performed
i, com lied w:tth and abided b then the entire un aid balarice
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~ of this agreement shall forthwith and thereafter, at the ; ;
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~ option of the ~IRST P~IRTIES, become due and payable and~ the -
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~ ~ estate herehy created in SECOND PARTIES shall cease, terminate ~
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~ , and~be null ancl void. Furthermore, this agreement~shall,
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