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~i 5. To pronptly pay each and every installment hereunder j
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~i: as the same becoaes ciue, time af p~?yatents being of fihe essence. ;
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6, Ta keep and ma3ntain~ throughout the life of this ;
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~f Agreement ~ a policy of f ire and extended coverage insur~nce upon i
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~~the above described propezty in the min~mum amount of $9,000.00. ~
ii Such ~olicy to na~ne as loss payees the parties of the first part
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and memorandum certificates af such insurance to be furnished
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i`the parties of the first par~ each and every year throughout the ~
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life of this Agreement . ~
NOW~ if the parties of the second part shall mak~ the ;
' payments an3 gerform the covenants hereinbefore mentioned on
their part to be gerfarmed, then the paxties of Lhe first part ~
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}:will forthwith tender a good and sufficient deed with docum.entary
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';stamps affixed th~reto, in a proper amount, to the said parties
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of the second part.
IN THE EVENT OF FAILURE of the said parties af the
':second gast to make any of the payments, or any part thereaf, '
promptly on th~ dates specified, or fail to perform any of the
~ covena.nts on their part hereby made and entered into, this
~ Agreement shall, at the option of the parties of the first part,
i be forfeited and terminated, and the parties of the second part
` shall forfeit all payments made by them under this Agreem+ent;
' and such payr~ents shall be retained by the said part3es of the
; first part toward satisfac~ion and liquidation of all damages
~ by them sUStained, and the said parties of the first part sha11
; ! have the right to re--enter and take passession of the premises
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: afazesaid *~vithout beinc~ liable to any action therefor , The
' parties of the se~ond paxt are given the express pzi~~.lege af
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; making two or more paya~ents on any installment dve date ir~thout ,
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penalty, but the iaaking of ~uch additional payments shall not ~
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