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arties of the second part br~ach this Agreement and zefuse to ,
quit the premised, making it necessary t o bring eviction proceeding
against them~ or should the parties of the f3rst part- be required
to foreclose this Agreement or otherwiae bring legal action
hereunder. -
- 5. To promptly pay each and every installment
hereunder as the same becomes due, time of payments being af the
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6. The parties of the first part shall keep and
maxntain, throughout the life of this Agreement, a policy of fire
and extended coverage insurance upon the above desczibed property;
such policy to na~oe as loss payees the parties of the first part.
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arties of the second part shall pay tt~e premium for such insurance
by promptly paying nnto first parties the monthly sum hereinabove
specified.
7. The parties of the second part are executing~
simu].taneously with this Articles of Agreement, a Quit Claim Deed
_ reconveying the above described property unto the parties of the
first part, with the express-vnderstanding that so long as the
` payments called for hereunder are promptly made and the second
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~ arties otherwise abide with all the o~her terms hereof the said
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; Quit Claim Deed shall be held in~escxow. However~ should any
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` payment called for hereunder remain unpaid for 30 days from the
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E dae date or shouZd second parties'otherwise breach this Agreement
~ by nom payment of taxes or other covenant herein contained then,
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` first p~rties may, without any notice or denand to second parties,
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~ record said Quit Claim Deed and there upon second parties shall
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~ have no further right, title, interest~ cliam or d~nand to the
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~ above described property and first paacties mayi• retake possession
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