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In the case of the failure of the Buyer to make any ot said
payments, or any part thereof, or the interest thereon, or to
perform any of the covenants on the Buyer's part hereby made and
entered into within 30 days next after the same become~ due and
payable or if each and every agreement, stipulation, condition
and covenant of this agreement is not fully performed, complied ~
with and abided by, then, at the option of the Seller:
(a) This contract shall be forfeited and terminated upon
delivery to Seller of a Quit Claim deed from Buyer, and the Buyer
shall forfeit all payments made on this contract= and such
payments shall be retained by the Seller, and the Seller shall
have the right to immediately re-enter and take possession of the
premises aforesaid without being liable to any action therefore,
or (b) Al1 sums stipulated to be paid to the Seller may be
declared due and payable forthwith, and the Seller may foreclose
this contract in the same manner and form as if it were a
mortgage, and in which event the Buyer aqrees to pay all costs,
charges and expenses thereof including reasonable attorn~y's fee
and title searches or collection. In the event the Buyer
shall have failed to pay any taxes, asseasments, impositions or
insurance premiums, or other sums of money payable by virtue of
this agreement~ the Seller may pay the same and all sums of money
so paid shall bear interest from date thereof at the highest
lawful rate then allowed by the laws of the State of Florida and
shall be secured hereby. Failure by the Seller to execute any of
these rights or options herein provided shall not constitue a.
waiver of any rights or options under the agzeement accrued or
hereafter accruing.
The Buyer agrees that time is of the essence of this
contract; and all covenants herein contained shall extend to and
be oligatory upon the successors, heirs, personal representative
and assigns of the Seller and Buyers,respectively.
IN WITNESS WHEREOF, the Seller and Buyershave caused this
agreement to be property executed this lst day of June ~,~~,9.87
SIGNED, SEALED AND DELIVERED IN - :
: THE PRESENCE OF: ~ .
I. H. INC. , a Florida Cqr~3oratioil`"h =
~ AS TO HE SELLER: - - ~ • ~ ~
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BY : ~ ; t LS-) ~
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E AS T THE BUYER: ~
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, (LS)
JOSE INE G. REJANTE
STATE OF FLORIDA
COUNTY OF ST. LUCIE
I I HEREBY CERTIFY that on this day, before me, an officer ~
duly authorized in the State aforesaid and in the County
aforesaid to take acknowledgments, personally appeared ~
John F. Nixon, as President of I.H. Inc., a Florida Corporation, and
Elyn C. Herrera and Josephine G. Rejante ,
! to me known to be the persons described in and who executed the
foregoing instrument and the same acknowledged before me that
they executed the same. #
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i` WITNESS my hand and official seal in the County and State
' last aforesaid this lst day of June , 19; 87 ~
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