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Aa~ric~gs oF AaRSSS~~
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firat day of each ~nonth thereaft~r uatil th~
whole be fully paid. .
Sach instalLnent ehall firet be applied on the
payment of interest aad thaA on ~he u~npaid
balance of the principal sum. ~
PARTIBS OF T8S SECOND PART herebx covenant and aqres
to pay all taxes, aseesBmenta or impoaitions that may
legally be lavied or imposed upon said land eubsequent
to the year 1967, taxea for the year 1967 being prorate8
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between the parties hereto ae of the date hereof. SBCO~ID
PARTIBS ivrther agrae to keep the buildiag now or heregfter
on the said land fulZy insured in a sum not less than
ZJ~EVS~i THOUSA~iD FIVB HU~TDRID DOLLARS ($11, 500.00) , in a
company or cosopanies accepta2~le to FIRST PARTIBS, the
policy or policfes to be held by and payable to FIRST PARTIBS,
aad in the event any sum of money becomes payable by virtue
' of safd insurance, FIRST P~IES ahall have the riqht to
receive and apply the same to the indebtedne~• hereby se- ~
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c ured, accounting to the SECOND PARTIBS for any surplus. ,
SBCO~TD PARTIES also agree to pay all coets, chargee, ex-
penses, attorneya' feea, title searches and any other ex-
penses reasoaably incurred or paid by FIRST PARTIBS because ~
of the failure af SECOND PARTIES to promptly and fully com- ~
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ply wfth all of the conditioAS and covenanta of this agreement. ~
Ia the eveA~ SECO~ID PARTIES fail to pay any sum of money 3
due hereuna.er within SEVE~T (7) DAYS of the date the same
becomee due, SBCO~TD PARTISS agree to pay a late charqe of
$4.62 for each euch payment not paid within SEVSN ('7) DAYS
of it' • beinq due. _ Furthenaore, ehou~d SECO~tD PARTIES fail
to pay, v~hen due, any taxea, aaseasmeats, insurance premiums
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