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• with and al~ide by each and every the ~greem~ns, stipulations,
. conditions and ~ovenants set forth in ~}iis aqreement. In the
event the party of the second part fails t~ p~y when due ar?y ~
tax, assessn.ent, insurance premium or other sum ~f rr~oney payabl~
~ by virtue of ~this agreement, the paity of the fixbt part may
pay the ~ame, without waiving or aff~ctir.g the op~ion to fore-
cluse or any other right liereunder, and a11 such payments shall
bear interest from date thereof at the hiqhest lawful rate ~
thenrallowed k~y the laH~s of the State of Florida.
' IF any sums of money herein referred to be not promptly
paid within 30 day: next after the same becomes due, or if eacl~
~ and every the agreements, stipulations, conditions and `
covenar.ts of this agreen~ent, are not fully perform~ed, ccmplied
with and abi~ed by, then the entire sum mentianed.in this agree-
meht, ar the entire balance unpaid thzreon, shall forthwith,or
~ th~rea£ter, at the option of the party o~ the first part,
. become and be due and payable, anything in s~id agreement or
herein to the contrary notwithstanding. Fai~lure by the party
. of ~he first part to exercise any of the rights or options-
herein provided shall not constitute a waiver or any rights c~r
. options under this agreement acerued or thereafter accruing.
- Each maker,_surety and endorser hereof, jaintly and
- severally waives demand, presentment, protest ~nd notice of~
protest for nonpayment and further agrees to any extension of
tim4 of payment either before or after maturity,~ without notice~ ~
- to any of us; and_to pay all costs of.collection, including
a reasonable attorney's fee in the_ev~nt of any default hereunde
IT IS MUTUALLY ~.GREED, by and between the parties hereto, ~
- that the time of payment shail be ~ an essential part of this
~ contract, and that all covenants and as~reements herein contained
~ shall extend to and be obligatory upon the successors, heirs,
: executors, administrator and as~igns of the respective parties.
•IN WITNESS WNEREOF, the parties ta t.hesE presents have .
- hereur.to s~t their hand and seals the day and yEar first above -
writt~n. ~ - _
. SIGIVED, SEALED AND DELIVERED BACKUS ENTERPRI~ES; •INC.
- IN THE PRESFIvCE OF:
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~ BY ~ ~ J~}' 6~~
, • Fre eric B. Gu se, Presic~ent
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~F~Q~r ~ER ~1~i ; ~ i
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PNILIP G. NOURSE ~,w ~ -
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AITORNEY AT LAM - - ;
:33•A NORTH FOURTH -
FORT PIERCE, fLOR10A ' ~4~~ ' i-
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3JIS0 " r ~a
TELEPMONE (30S)161.1761 U ~ ~
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