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l~=V3 DO~I~aRB $25.00) on the 20th da of l~e]a~c
. . ~ Y ua~c'Y. 1964, end
TMSNTY-~'IV8 DO~LL~?R8 ($25.00) on the 20th day of each month there- ~
after until the entire principal amount together with intereat ~
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thoreon •shall bd fully paid~ witb interest at the rate of 5~6 per t
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' ~ ~ anuum, taayable iaonthly on the vlwle eum remaininq due fram time to
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ti~aae unpaid. Each installment paym~ent first ehall be applied on ~
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payment of tha intereet and then on the unpaid balance of the ;
~ principal sum. =f default is made in the payment of any install-
~ ment~athen due, then at the option of the firat parties and without ~
any other notice all~the re~aaininq installments shall be due and
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~ payable at oace. ~Privileqe is qiven to pay tw~ or mare install-
menta at any installment maturity date but this shall not extend
the tima.of matvucity of any aubaequent inatallment. ~Teither for-
bearance, nor acceptance by the first partiea hereof after any
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~ default in any payment hereon, ehall be dee~ned extension.
~ A~iD tbe eaid parties of.the second part for themselves
and their hei~cs, legal represeatatives and assiqns hereby covenant ~
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and aqree with the partfes of the first parts 'f
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1. To pay all taxes, assesaments or impositions ~
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that may be legally levied or impoaed upon eafd land s.nbsequent to ~
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the year 1963, and that in case of failure of the said parties of ~
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~ - the seoond part to make any of the-paynients or any part thereof, s
or to perform any of the covenants on their part hereby made and ;
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~ ~ entered into, this contract shall, at the option of the parties of i
~ the firat part, be forfeited and terminated, and the partie• of ~
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the eecond part then shall forfeit_all payments made by them on
this contractf and such payments ahall be retaiaed by the~eai,d
parties of th~ fir8t part ia full setisfaction and liquidation of
~ all damagea by them sustained, and the said parties of the firet
- part shall have the riqht to re-enter and take possessi.on of the
premiaes afoseeaid ~rithout beinq liable to any action therefor.
~ 2. If any of said sums of money heiein::referred
~ to be not pro~aptly and fully paid ~?i.thin fifteen (15) days next ~
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