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6. To keep and mairtain~ throughout tli~ life of this i
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Agreeme nt, a policy of fire and extended coverage insur ance upon '
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the above described property in the minimum amount of $9,600.00.
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Such policy to name as loss payees the parties of the first part ~
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and memorandum certificates of such insurance to be furnished !
~ the parties of the first part each and every year throughout the i
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life of this Agreement.
NOW if the arties of the second art shall mak e ~
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; paymeryts and perform the covenants hereinbefore mentioned on their ~
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part to be performed, then the parties of the first part will ~
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forthwith tender a good and sufficient deed with documentary t
stamps affixed thereto, in a proper amount, to the said parties ~
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of the second part. ~
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IN TI~ EVENT OF FAILURE of the said parties of the ;
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second part to mak,e any of the payments, or any part thereof, k
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promptly on the dates specified, or fail to perform any of the . ~
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covenants~'on their part hereby made and entered into, this Agree- !
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mer~ z shall, at the option of the partie s of the fir st part, }
: be forfeited and termi.nated, and the parties of the second part ~
shal~-€orfeit all payments made by them under this Agreement;
and such payments shall be retained by the said parties of the ; +
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~ first part toward satisfaction and liquidation of al-~ damages •
; by them sustained, and the said parties of the first part shall '
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have the right to re--enter and take possession of the premises_ : ~
aforesaid without being liable to any action therefor. The ~
arties of the second art are iven the ex ress `
P p g p privilege of
making two oz more payments on any installment due date without
penalty, but the making of such additional payments shall not
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~ extend the time of the next due payment. ;
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