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4 .. 7'7
t
S?. lUt1E COt~ITY+ ~~•
assessed against the above-deseribed propsrtl for the year 1960; the
acid taae~+ a~ to b. :,aid .Non bi12s tar Q~ ~-~a rasa±vsd.
IT IS FpR~illR AdRBED that the parties of the second part
Trill keep the premises insured, begi~ing tritlt Jam~ary 1, 1961, in an
amount not less than the secant xhioh is due on the pnrclease pride
of this property, and the said policy is to be delivered to the parties
of the first part.
IT IS FUR~ffit AaRBBa betxeen the parties hereto, that should
the parties of the second part tail to make any of the payments turein-
provided to be Leads on this contract, or to perform any of the covenants
to xhioh they have agreed, than this contract shall, at the option of
the parties of the first part, be forfeited and terminated, and the
parties of the second part shall forfeit the payments made by them on
this contract and such payments shall be retained by the parties of the
first part in full satisfaction of all liquidated damages by them sus-
tained; or, the parties of the first part shall treat the contract as
still in force and declare the entire balance due under this contract
due and payable at dude; should it beconr nsaessary for the parties of
the first part to collect the balance due on this contract by suit or
otherwise, then the parties of the second part agree to pay all costs
of such collection, including reasonable attorwy~s tee.
IT I3 I~'PIIALLY A(}REB~ by and betrssn the parties hereto, that
time shall be an essential part of this contract, and that all covenants
and agreements herein contained shall extend to and bs obligatory upon
tt',s heirs, 67CeciittYPB, adainistratars and a:sigaa Cf the respective parties
hereto.
IA WITA,~3 IdHERFAF, the parties to these presents have