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If the parties of the second pert feil promptly to pey such insurence
premiums then the same may be peid by the perties of the .firat part
and each such payinent plus interest thereon et 8~ per ennum shall be
added to the unpeid belence of this agreement.
(3) To meintain in a stete of good repair the building situated on the
above described property and suffer no Wa,ste or impairment ot the aema,
reasoneble wear end teer of the same excepted, end the aec~nd parties
acknoKledge the receipt end p-~ssession ~f the premiseQ in good repair
without exception. -
(4) To ellow ao liens to be placed on the ebove desdribed property for
meteriels furnished, or lebor performed thereon, and if any such liens ~
are so placed, the same may be paid by the parties of the f irst part'•r
~+nd each such payment, plus ihterest thereon et 8~ per ennum, shall be
added to the unpaid bal~+~nce of this agreement.
(5) To pay a reasonable a ttorney~s fee in the event the first perties
or their assism ees find it necessary to place this contrect in the hands
of an attorney to enforce the provisions thereof by suit or otherwise.
(6) ~o premply pay each and every the instellments of
principal end
intere~t as hereinbefore re-quired promptly es the same becomes due.
Time of aucY: payments being the essentiel pert of this a greement.
(7) The perties of the second pert covenent end agree that in the
event any payment due here~inder sha11 become de2inquent for Lhirty
days, that the parties of the 1'irst part shell be entitled to the
appointment of e receiver to take and possess the property above described
and to cause the re~oval of the second parties or eny parties claimir~g
under them, xhich receiver shall conserve the said property end the
rents snd prof its arising therefrom until discherged by the court of
complete ~urisdiction. _
Now, if the parties oP the second pery stiell make the payments and
perPorm the covenants hereinbe~~re mentiflned on their part to be per-
Pormed, then the party of the first part Will i'or~hwith tender e good
and sufficient Deed xith Documentery stamps effixed then in a proper
amount to the said partiss of the second psrt.
In the eQent of feilure of the said parties of the second pert to
make any of the pavment, flr eny part thereof or fail to perfrom any of
the covenants on their pert, hereby meke end entered into in addition
to the remedies her it~before eccorded to the first parties, this c~ntrect
she21, at the option of the perties of the ftrst pert, be forfeited and
terminted, and the parties of the second pert shell forfeit all paqments
made by them under this contract: end such peyments shall be retained
by the said parties of the first pert in fl.ill satisfaction a?~d liqidation
of ell demages by them sustained, end the seid perties oP the first part
shall have the right to re-enter end teke possession BP the premises
aforeseid without beieg lieble to any ection therefor.
The me king of payments anticfpeted hereinb~fore provided shall not ea-
tend the time oP the neat due payment. ~
IT IS MtTT?JALt~Y AGREED, by end between the perties hereto, that the time
of each peyment shell be essential part of this contrect and thet all
covenants and agreementa therein contained ahall extend to end be
obligatory upon the heirs, eaecutor~, administrators an d assi~ns of
respective parties.
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- aooK164 P~235~
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