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It i~ agraod bstw~an t~hs parti~s to tbs abavs and lor~qoinq
Option ta Furcha~e that should the partiep 4~ the ~acond part
exercise the zight to p~rchase said propsrty•and.a mortgaqe is
qivan aa part of the purchase price, the said mortgaqe shall .
provids that the buildinc~ loca~ted on the said property sMall bs
. fasured aqainet fire and windstorm in the amount of their inaur-
~ able value. ~
, . It is further aqreed between the partfee to the Option
_ lygreement heretobefore set farth that tha said note and mortgaqe
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~ given as part of the purchase price ahall ~ontain a covenant
~
~ ~ that shou~d the said mortgagee be in default in any payment for
~ ~ a period of fifteen days, then the whQle anaurit aliail becoaane '
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,
! due and gayable. '
' WITNESS our hands and seals thie the~ S~
day of •iMrs3.~~` ~
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~ 1965. '
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