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If tha perties oP the second part fail promptly to pa such insurance
premiums then the seme mey be peid by the pert3es of ~ha first part
and eech such payment, p.ua interest thereon et 8~ per annum shell
be edded to the unpaid balance of this egreement.
(,3) To.maintafn in a state of good repair the building situated on
the above described property and suffer no weste or impeirment of
the seme, reasonable Wear and tear of ~he same excepted, and the second
- parties aclrnoWledge the receipt end possession of the premises in
good repeir ~ithout exception.
(4) To ellow no liena to be placed on ths ebove described property i'or
materiela furnished, or labor perfomaed thereon, end if any such liena
are so placed, the same mey be paid by the perties of the first pert ~
end eech such peyment, p.us interest thereon at 6~ per sn~um, shsll
be added to the unpaid balance of this agreement.
t5) To pey a reesonable ettorney~s fee in the event the Pirst parties
or their asaignees find it necessery to place this contract in the
hends of an attorney to enforce the provisions thereof by suit or
otherwise. .
(6) To promptly pay each end every the i:~stallments of principel and
interest as hereinbefore re-quired promptly as the same becomes due.
Time of such payments being the essentiel part of thfa agreement.
(7) The parties of the second pert covenant end agree thet in the
event any payment due hereunder shall become delinquent for thirty
days, thet the parties of the f~rst part shell be entitled to the
appointment of a receiver to take and possess the property ebove
described and to cause the removal of the second parties or any
perties claiming under the:n, Which receiver shall conserve the seid
property and the rents and profits arising therefrom until discherged
by the court of complete ~urisdiction.
NoW, if the perties of the second part shall make the payments and
perform the c ovenants hereinbefore mentioned on their part to be per-
formed, then the party of the first part Will forthwith tender a good
and sufficient Deed with Dovumentary stamps effiaed then in a proper
amount to the said parties ~f the sec~nd pert.
In the event of failure of the said parties of the second part to
i meke eny of the peyment, or arry part thereof or fail to perform any of
i the covenents on their pert, hereby make and entered into in addition
to the remedies hereinbefore accorded to the first parties, this
j contract shall, e t the option of the perties of the £irst part, be
forfeited and termineted, end the perties of the second part shall ;
~ forfeit all payments msde by them under this contrect; and such pay-
ments shell be retained by the said perties of the Pirst part in full
satisfection and liquidation of all dameges by them susteined: and
the seid parties of the first pert shell hA~~e the right to re-enter
end take possession of the premises aforesaid xithout being liable
to any action therefor.
The meking of peyments anticipated hereinbefore provided shall not
extend the time of the neat due payment.
IT IS 1~UT!?ALLY A(iREED, by and betWeen the parties hereto, that the
~ time of esch payment shall be en essentiel pert of this contractand
~ that ell covenants end agreements therein conteined shell extend to
~ and be obligatory upon the heira, executors, e dministrators and ~
~ assigns of the respective perties.
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