HomeMy WebLinkAbout2331 ARTICLES OF AGREEMENT - Page 3.
If any sum of money referred ta be not promptly paid
within FIFTEEN (15) DAYS next aiter the same becomes due.
or if each and every the agreement, stipulations, conditions
and covenants of this agreement are not fully performed,
complied with and abided by, then the entire unpaid balance
of this agreement shall forthwith and thereafter, at the
option of th~ FIRST PARTIES, become due and payable and
the estate hereby created in SECOND PARTIES shall cease,
terminate and be null and void. Furthermore, this agreement
shall, at the option of the PARTIES OF THE FIRST PART, be i
forfeited and terminated, and the PARTIES OF THE SECOND PART
shall forfeit all payments made by them on this contract;
and such payments shall be retained by the PARTIES OF TAE
FIRST PART in full satisfaction and liquidation of all
, damages by them sustained, and the said PARTIES OF THE FIRST
PART shall have the right to re-enter and take possession
of the premises aforesaid without being liable for any action ~
~ therefor.
IT IS MUTUALLY AGREED by and between the parties here-
to that the time of each payment shall be an essential part g
of this agreement, and that all covenants and agreements ~
herein contained sha~l extend to and be obligatory upon the
heirs, executors, administrators and aa~~g~s of *re respective
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parties.
IN WITNESS WAEREOF, the parties to these ~resents have
hereunto set their hands and seals, in duplicate, the day
and year first above written.
i
i ned in h presence of:
~ - ~
CLAUDE H. COMBS
_ ~ . ~
t.-
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As to "FI T PARTIE UISE L. COMBS
"FIRST PARTIES"
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