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HomeMy WebLinkAbout0162 " t ` ~ _ above described property and first parties may retake possession of tha same instanter and second paxty shall then have no right to possession of said propert y nor any further right under this Agreement. ~ - - NOW ~ if the par ty of the secoixl par t shall make ; the payments and perfozm the covena?nts herein before mentioned on his part to be performed, then the parties of the first part ~ will forthwith tender a good.and sufficient deed with documentary stamps affixed thereto, in a proper amovnt, to the said party of the second part. • IN THE BVENT OF FAILURE of the said party of the second part to make any of the payments, or any part there~f, promptly on the dates specified, or fail to perform any of the covenants on his part hereby made and ente-red into, this Agreemen shall, at th~ option of the parties of the first part, be forfeited and terminated, ani the party of the second part shall forfeit all paymex~ts made by him vnder this Agreement; and such payffients shall be retain ed by the said parties of the first part toward satisfaction and Iiquidation of a11 damages by them sustained, at~d the parties af the first part shall have the right to re.-enter and take possession of the premises aforesaid without being liable to any action therefor. The party of the ~ ~ second part is given the express privilege of making two or more F ~ payments on any instal2ment due date vPithout penalty, but the_- making of suc~ additional payments shall not extend the time of the next due payment. IT IS MUTUALLY AGRB,ED by and between the partie s hereto that the time of each payment shall be an essential part of this contract arxi that all covenants and agreements herein contained shall extend to and be obligatory upon the heirs, - -!~E ~ ~.r_~ .-~3 ~ . _ u r - - _ _ sx