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ii- 5. To promptly pay each an~ every inst~llment hexeunder
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~t as the same 5ecomes ~ue, tim~ af paym~nts being or' th~ essence.
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6. To keep and maintain, throvghout the life uf thi.G
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~I A9r~ement , a pola.cy of ~xre and e~ctended coverage insurance
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upon the abave described property in the minimuzn amoun~ of
~i$9,000.00. Such policy to name as loss pay>ees ~he parties of the!
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;;~irst part and memorandum cer~ificates af such in~urance to be i
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'~furnished the parties af the first part each and every year ~
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~I th~oughaut ~the life of ~nis Agreement. ~
~i Now, if the parties of the secand paxt shall make tne ;
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i~ payments and perfc,rm the covenants hereinbefore mentioned on
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f~ their part to be per.formed, then the parties of the first part
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; will forthwith tender. a good and suf.~icient deed with documentary;
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;istamps affixed thereto, in a proper amount, to the said paxties ;
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of the second part .
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IN THE EVENT OF FASLURE of the said par~ies of the '
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second part to make any of the payments, or any paxt thereof , ?
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j~ promptly an t~ie da~es specified, or fail to perform any o£ the
~;covenants on their part hereby made and entered in~o, this
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~ !i Agreem~nt shall, at the aption of the pa.rties of the first p~rt, j
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' be ~orfeited and terminated, and the parties of the second par~ i
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shall f~rfeit all payments made by th~ under this Agreement;
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and sueh pay~nts shall he reta~.ned by th~ said .parties c.f the ~
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first part in full sati.~factian and li uidation of_ alI d s ~
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! I; by them sustain~~; and the said parties of the first part shall ~
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~i have the right ~o re-enter and take possession of ~he pr~mises
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I~ atoresaid without being liable to any ac~ion ~herefor. The
parties ~f the second part are given the express privilege of
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~ making two or more paymerifis on any installmen.t due date ~rrithou.t l
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i~ penalty, but the making ug such additional pa;nnents sha12 not i
ROYCE R. LEWIS i extend the time of tne nexi due payment . - ~
ATTORNEY AT LAW ~ i
SUfil~if[ TM[ATRE Ht60. ; ~ (
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rORT pi[RC[.FLORIDA
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