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HomeMy WebLinkAbout1050 Page 2. and all city improvement liens which may be now or in the tuture levied against the above-described property and SECOND PARTY further covenants and agrees to connect the septic tank to sewer lines when city sewer job is completed. It being specifically agreed by SECOND PARTY that she will pay, beginning with the first installment due on principai . ~ , and interest an additional sum equal to approximately one- twelfth (1/12th) of the total insurance premium on the home ~ on the above-described property and the annual real estate ~ taxes monthly to FIRST PARTIES, which sum shall be NINE DOLLARS ($9.00j per month until FIRST PARTIES notify SECUND PARTY in writing o€ any increase or decrease therein. 8y the same token, FIRST PARTIES hereby agree to apply all such f ~ _ _ , sums over and above the monthly principal and interest to- ~ ward the payment of the said annual real estate taxes and ~ annual insurance on the home and account to SECOND PARTY for any overage or deficiency, a~ the case may be. SECOND PARTY further agrees to keep the buildings now or hereafter i on said land fully insured in a sum not Iess than the maxi- mum insurable value, in a company or companies acceptable to FIRST PARTIES, the policy or policies to be held by and 's , payable t~ FIRST PARTIES, SECOND PARTY and the present i+aort- ; gagee, as their interests appear. SECOND PARTY also agrees ~ , to pay all costs, charges and expenses, including lawyer's { fees and title searches reasonably incurred or paid by ~ t FIRST PARTIES because of the failure o~ the SECOND PARTY ~ s to promptly and fully comply with the conditions and cove- ~ nants in this agreement. In the event SECOND PARTY fails ; j to furnish FIRST PARTIES sufficient funds with which to ~ ~ keep the insurance premiwns paid and the real estate taxes i , paid or other sums of money payable by virtue of this agree- ~ : ~ 1~I ?A6t~ ~ . ~ I ' _ '