HomeMy WebLinkAbout2859 AND the parties of the second part hereby further covenant ancl
agree to gay all taxes, a~sessments or imposition that may be legatly
tevied or imposed upon said land subsequent to the year 1964; to keep
the buildings now or hereafter oa said land fully insured in a surn of not
less than Nine ThQUSand Dollars (~9, 000. 00) in a company or companies
acceptable to first parties, the poliGy or policies tQ be held by, and pay-
able to, said first parties, and in the event aay sum of money becames
payable by virtue af such insurance th~ said first parties hereto s~all have
the right to receive and apply the same to the indeb~edness hereby secured,
accounting to the parties of the second part for any surplus.
If any surn Qf money herein referred to be not prnmptly paid within
thirty (30) days aext after the same becomes due, or if each and every the
agreements, stipulations, canditions and cavenants of this Agreement for
Deed are not fully perfortned, complied with and abided by, the the entire
sum mentioned, ~$8, 100.00), or the entire balance unpaid thereon, shall
• for~chwith or thereafter, at the ap~ian of the parties of the first part, become
and be due and payable, anything he rein to th~ cantrary notwithstanding.
A~d in casE of failure of the said parties of the second part to make
any of the ~ayment or any part thereof, or to perform any af the covenants
on his part hereby made and entered inta, this contract shati, at the option
of the parties of the first gart, be forfEited and terminated, and the parties
of th~ second part shall forfeit all pa~ments made by them on this contract;
and such payments shall be retained by the said parties of the first part in
full satisfaction and liquidaticn of all damages by them sustairaed, and the
said parties of the first part shall have the right to re-enter and take
~ passession of the premises afore~aid without being liabie to any actian
therefor.
IT IS MUTUALLY AGREEY7, by aaci between the parties hereto, that
50RX