HomeMy WebLinkAbout2874 ~ - T ~ .
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' as secu~ity fo~ tha pay~ns~t of all oosts expendad. servtces rendered. ;
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~ and advancaaents mads by Operating Canpany i~ any wsy related to the
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- land. Said iten shall inure to the beoefit of Ope~ating Ccmpany. its , }
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~ . successors or assigns. and shsll be bindi~g upon Owner. their hei~s, ~ #
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successors and assigns. Said lien shall be~enforceable by an actio~ ~
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' ~t~ equity or at law. ~ •
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. That Owner shall pay such intttal and annual maabership faes ~
_ and canpensation and all othsr costs and charges as ace necessary to . .
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: ~ becaae and ~aaain a oamber in good atanding of said wster caapany. ~
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: That Owner slwll, dur.ing the tenn of this Agreement and any" : . ~
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extension or ~enewsi thereof, pay all real~and personal property taxes
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~ and assessments levied upon or constttuti~g a lien upon ths land directiy
to the taxtng or assassi~g authorTty. '
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~ ` That ti~ae is of the essence of this Agroe~asnt. That~ in ths event ~
' the payments he~ein requirod to be aiade ara not aiade within thirty ~30j
: days fran the date upon which they fall due. than a penalty shall be
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` ~ . charged agai~st and paid by Owner ln the aaiount of i0~', of the dslinquent ~
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; payment; and, in addltion. dalinquent payments shall beat inte~est at ~
' . the rate of .833~ pe~ month.' I~ the event that Ownar shall be delTnque~t ~
~ . in any payment or in perforn~ance of any act required heretn for a ~
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~ . period of ninety (90j days o~ aa~e, then Operating Caapany may, if it ~ ,
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~ so destrod, make the payment or perform the omitted act and charge the
' cost the~eof to Owne~, or tem~inate this Agreement; provided, however. ~
# ~ ~ that the tenaination of this Agreement for failure of owner to maks
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~ tfie payment ~o~ perfonn the act ~equl~ed shal 1 not rel ieve Owner fram
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~ ~ any obligations then acc~ued and shall not tn any way affect or diminish
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~ ~ the 1 i ens he ~e 1 nabove p rov i ded i n favo~ of Oper`a t i ng Ccxapany.
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