Agreement For Deed - Warranty Deed -State Of Florida (Page 2 of 4) in pdf

by a loss payable clause satisfactory to the Seller up to the amount of the then outstanding

mortgage balance including accrued interest, the balance, if any, being payable to the Buyer.

Initials Buyer(s)………… Seller(s)………….

This Agreement for Deed is assignable by Buyer to another party who will be required to meet

Sellers qualifications at that time.

The Buyer is responsible for all maintenance and repairs on the property without limitation.

Buyer (a) shall not commit waste or permit impairment or deterioration of the Property, (b) shall

not abandon the Property, (c) shall restore or repair promptly and in a good and workmanlike

manner all or any part of the Property to the equivalent of its original condition, or such other

condition as Seller may approve in writing, in the event of any damage, injury or loss thereto,

whether or not insurance proceeds are available to cover in whole or in part the costs of such

restoration or repair, (d) shall keep the Property, including improvements, fixtures, equipment,

machinery and appliances thereon in good repair and shall replace fixtures, equipment,

machinery and appliances on the Property when necessary to keep such items in good repair, (e)

shall comply with all laws, ordinances, regulations and requirements of any governmental body

applicable to the Property, and (f) shall give notice in writing to Lender of and, unless otherwise

directed in writing by Seller, appear in and defend any action or proceeding purporting to affect

the Property, the security of this Instrument or the rights or powers of Seller.

If default shall be made in the payment of said sums of money, or any part thereof as provided in

this Agreement for Deed, or in the interest that may become due thereon or any part thereof shall

be delinquent and unpaid for a period of fifteen (15) days, or in the event of default in any other

covenant herein, then and thenceforth it shall be optional with the Seller, his heirs, personal

representatives or assigns to consider the whole of said principal sum expressed in the

Agreement as immediately due and payable. In the event of such default, the Buyer agrees to pay

all costs, charges, and expenses in collecting the money hereby secured, including reasonable

attorney's fees and commission whether collected by foreclosure or otherwise, and any and all

monies paid by the Seller by reason of the default of the Buyer. Payments postmarked more than

five (5) days after the due date shall be considered late and shall be subject to an additional

charge of 5%.

The Buyer shall pay the intangible taxes, documentary stamps and recording of the Agreement

for Deed, and for the documentary stamps on the Warranty Deed.

The Seller shall execute and deliver a Warranty Deed to the Buyer when the terms of this

Agreement have been met and the full amount due and owing hereunder are paid in full.

IT IS MUTUALLY AGREED by and between the parties hereto, that time of payment shall be an

essential part of this contract and that all covenants and agreements herein contained shall

Agreement For Deed - Warranty Deed -State Of Florida Page 2