HomeMy WebLinkAbout0165 ARTICLES OF AGREEM~NT - P~ge 2.
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Said PARTSES OF THE FIRST PART hereby covenan~ts and ;
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agrees to pay all taxes, up to the amount of $100.00 that
may be leqal~y levied or imposed on said land subsequent '
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buildings, now or hereafter on said 1and, fu11y insured ~
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in a sum not less than $12,500.00 and payable to FIRST
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PARTIES, and in the event any sum of money becomes payable ~
by virtue of said insurance, the FIRST PARTTES shall have
the right to receive and apply the samE to the indebtedness
hereby secured, accounting to SECOND PARTIES for any sur-
• plus. SECOND PARTIES agr~e to pay a1L costs, charges and
expenses, lawyer's fees and title searches reasonably in-
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SECOND PARTIES to promptly and fully comply with all con-
ditions and-covenants in this agreement, In the event
SECOND PARTIES fail to pay when due any amount of taxes
over the amount $100.00 after 1965 and any other sums of
money payable by virtue of this agreement, FIRST PARTIES #
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may pay th~ same without waiving or affecting their option '
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to foreclose this agreement, and all such payments sha•11 ~
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bear interest from date thereof at the highest lawful rate
then allowed by the laws of ~he`State of Florida.
If any sum of money referred to be not promptly paid
within FIFTEEN (15) DAYS next after the same becomes due,
or if each and every the agreements, stipulations, conditions ~
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. and covenants of this agreement are nnt fully performed, ~
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3 complied with and abided by, then the entire unpaid balance ~
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of this agreement shall forthwith and thereafter, at the
option of the FIRST PARTIES, become due and payable and
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