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required to foxeclose this Agreement or otherarise bring action
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hereunder . ~
5. To promptly pay each and every instal2ment hereuncier }
as the same becomes due, time of paymants being of the essence. s
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6. To keep and maintain, throughout the life of this
t . .
~ Agreement, a policy of fire and extended coverage insurance upon
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the above described property in the minimum amount of $12,000.00.
Such policy to name as loss payees the parties of the first part
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` and aemorandum certificates of such insurance to be furnished
the parties of the first part each and every year throughout the
life of this Agreement.
1~10W, if the parties of the second part shall make the
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# payments and perform the covenants hereinbefore mentioned on thei
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~ part to be performed, then the parties of the fizst part wili
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forthwith te~cier a good and sufficient deed with documentary
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stamps affixed thereto, in a proper amount, to the said parties i
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i o the second part.
{i- IN T~ EVENT OF FAILURE of the said parties of the
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second part to make any of_the payments, or any part thereof,
promptly on the dates specified, or fail to perform any of the
covenants on their part hereby made and entered into, this Agree--
~ ment shall, at the option of the parties of th e fixst part, be j
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forfeited and terminated, and the parties of the second part
_ f~ shall forfeit aZl payments made by them under thi,s Agreement;
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and such payments shall be retained by the said parties of the .
first part toward satisfaction and liqt~idation of all damages
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~ by them sustained, and the said parties of the first part shall ~
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have the right to re-enter and take posse.ssion of the premises
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aforesaid vrithout being liable to any action therefor. The +
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parties of the second-part are ~~ven the express gxivi?ege of }
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~.s^~.= ~~wo or more pa~.:~ents on any installment due date without ~ `
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penalty~ but the making of such additior,al paym~nts shall not ~
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s~1~~ ~ 517
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