HomeMy WebLinkAbout0616 ~
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` ~ owrisr~ ot •aid landa. • . . • ~
. VI ' - ~
T'hat O~mer hereby qrante to Operatiaq Company a lien ~
aqaiaet the land describ?ed in 8xhibit "A" hereto, and ali.crop•
qrown thereon se eecurity for the payn~ent of all coate expanded, ~
" servicee rendereds and advanceiaente made by Operating Company in
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~ any way related to the land. Said lien ehall inure to ~t11e benefit
, ~ of Operatinq Company+ its succeesors or aesigne~ and shall be
~•bindinq upon Owner, their heirs, gucceeeors and assigns. SaiB
' lien ehall be enforceable by an action i~} equity or at law. .
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~ - T'hat Owner ehall pay euch initial and annual membership ~
fees and com~e~sation and all other coets and charqes ae are
neceesary to become and remain a member in good standinq of said ~
~ water cosapany. . ~ _ .
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~ . That Owner ehall, dv~rinq the term of thia Aqreemeat and ~
any exteneioa or renewal thereof, pay all real a~d personal property
taxee and aesesaments levied upon or constitutinq a lien upon the
land directly to the taxing or asaessiaRg authority.
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T'hat time is of the ~esence of this Agreement. That in
- Itt?e event t.he paymente herein required to be made are not made
; within thirty; (30~ days from the date upon v~hich they fall due,
~ than a penalty shall be charged aqainst and paid by Owner in the
anwunt of 1096 of the delinquent payments and, in addition+ delin- .
quent paymente shall bear intereet at the rate of .83396 par nanth.
- ~ In the event that.Owner shall be delinquent i.A any pay-
t-.~ ment or in performance of any act required herein for a period
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' of ainety ~90~ daye or ` nwre, then Operatinq Co~aay mb~y+ if it so
desiree, malce the payment or perform the omitted act and eharqe
° ~ ~ ~ the coat t~?ereof to Owner~ or tera?inatee this Aqreement: provided,
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