HomeMy WebLinkAbout0311 And the parcies of the second part further covenant and agree as
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I. To pay all talces, assessments, or impositions that may be
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legally levied or imposed upon said land subsequent to the 31 st day of
December 1967. -
2. To maintain, in a state of gaod repair, the building situate on
the above described property and to suffer no waste or impairment of the
same, reasonable wear and tear of the same only excepte~3._
f 3: To altow no liens to be placed on the above described property i
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m t rials furnished or labor performed thereon, and if suct~ hens are so
placed, the same may be paid by the party of the first pa.rt and each such
payment, plus interest thereon at 8~ per annum shall be added to the unpaid
~ balance of this Agreement. To promptly pay for all labor performed and
materials furnished upon the above described property.
4. To pay a reasonable attorney's fee and all Court costs should -
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; the party of the first part be forced to take legal action to enforce the pro-
visions hereof, or should the parties of the second part breach this Agree-
j ment and refuse to quit the premises, making it necessary to bring eviction
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; proceedings against them, or should the party of the #irst part be required
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to foreclose this Agreement or otherwise bring legal action hereunder.
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~ 5. To promptly pay each and every installment hereunder as the
~ same becomes due, time of payment being of the essence.
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6. To keep and maintain, throughout the life of this Agreement, ,
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a policy of fire and extended coverage insurance upon the above described !
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~ property in the minimum amourn of ~12, 000. 00; such policy to name as loss i
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payees the party of the first part, and memorandum certificates of such {
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insurance to be furnished the party of the first part each and every year ~
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I throughout the life of this Agreement. ~
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NOW if the parties of the second part shall make the payments and ~
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perform the covenants hereinb~fore mentioned on their part to be performed, ~ ,
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