HomeMy WebLinkAbout1199 NOW, if the parties af the second part shall make the
payments a?nd pacform the covenants 2~rein before mentior~ed on ~
their part to be perfora~ed, then the parties of the fizst part
will for ~hwith tender a good and sufficient deed with docunmentary ~
stamgs affixed tbereto, in a proper amount, to the said partie s
of the second part.
. IN THS BVBNT OF FAILURE of the said partiss of the
second part to make any of the payments, ~r any part thereof,
promptly on the dates specified, or fail to perform any of the
coveriants on their part hereby made atui entered into, this Agree- •
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ment shall, at, the option of the parties of the first part, be
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forfeited and terminated, and the parties of the second part shall
forfeit all pa?yments made by them under this Agreement; at~d such
payments shall be retained by the said parties of the first -
` pazt toward sati.sfaction and liquidation of all damages by them
su stained, and the said partie s of the first part shal l have the
right to re-enter and take possession of the premises aforesaid
without being liable to any action tk~erefor. T°he parties of the r
second part are given the express privilege of making two or more
payments on any installment due date without penalty, but fihe
making of such additional payments shall not extend the time of
the next due pay~m~e rrt . ~
~ IT IS 1MJ2UALLY AGRSED by and between the parties
! hereto that the time of each pay~ent shall be an essential part
of thi s cont ract and that al l co v~enant s and agre eme nt s her ei n
contained shall exte~cl to ar~d be obligatory vpon the heirs,
executors, a~ainistrators and assigns of the respective parties.
IN WITI~SS WI~SBOF, the parties to these preseats have
hereunto set their hands and sea2s the day and y~ear first above
xritten in duplicate. ~
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