HomeMy WebLinkAbout2460 , .,..~t . .t ; . . .
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I~qr~~nt, ? poliay c~f fiswr a~r~d ~cte~d oov~=a9t i~a~ru~ana~ upan
t2~ sbov~a~ d~~aribed prop~rrty in th~ s.i.niam~ asouat o~f $9,400.00.
Sbch polioy to naa~ as loss pasra~~ th~ partiss of t2~~ first part
s?n~d aamora?ndna certificate~ af eac~ inaurana~ to b~ ~urnis2~ed
the parties of tri~ f~.rst ps?rt es;ch ~d awary y~esr throughont th~r
~ . lil~e of th~.s Agr~eaaent. ~ _ -
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i . NOW, if the partie~ of the second part shsll aaka the
~ . payments a~d perform the oovenanta hereinbefor~ mentioned on
their part to be per~formed~ then the psucties of the firet part
• will ~orthr~rS.th tender a? gaod and sufficient deed w3th dxument~?r
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- ~ stamp.s a~ffixrad thezeto, in a~. pro~per amount, to ~he as3d parties
af ~
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~ of the aecond part. • ~
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IN T~ SVE3NT OF F'AILIIRE of the snid parties o~ the #
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seoond pe~rt to m~?lce nny of the pa?yments or a.xiq part thezeaf t ~
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~ prc~anptly on the ~da?tes s~pecified~ or ~ail to pe.~form sxay of the ~
,
~ covene?nte on ths~.r part hereby ma~de and entered into~ thia Agres ~
f
{ ment sha?].l, at the option o~ the part3es of the first pa~rt, be ~ i
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~ forfeit~3 ~?nd terminated, an~d the part3es of the second part ~
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shall fozfeit nll paymenta macle by them unds~ this ~4~greement;
. a?nd sach pn?qments e~ll be reta3ned by the 8aid pa~eti.e~ +af the
first part and shall be applied toward any dama.ge sustn3.ned by
:Eirst pa~ctiea; ~nd the said psurties of th~ first part shn.ll. ~?ve
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the x~.yllt to re-~enter ~ take possession ef the premises a~fore~
~sid without being liable to any action therefor. The parties
of ~he second part ax~ given the expxeas priv3l.ege~ of making two
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or more payments on any instal].ment dwe date without pene?lty, ~
but 42~e ~aakinq a~E avch additiona~. paymenta ~hall r.ot extend the ~
:
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t ime af th~ ne~tt doe pa~yment . ~
~ IT IS MC~T'~ILLY A~CREE~ by ark! betvre+~n tl~ 'pa~rZies hereta
~ th~t #he tise a~f saoh payment ~hall bo aa eeaenti~. p~?rt of ~this
, Qontract and that all covenants anu aqreeaent~ h~r4~.n co~ain~d
• .;~YC! R. L<M/a
! ~ wY LAM ' • .
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N~1/rT~IfQyllt ~L~ S ' y ~ ' . •
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