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IP thn parties of ~he second part shali fa~l to promptly pey suc~ ,
instirance prem'ums, then the same mey be paid by the parties of the
first part and eech such payment, plus interest thereon et 8~ per
ennum, shall be edded to the unpaid belance of' this agreement.
(3j To maintain in s state'of
good repeir the building situated on
the ebove described property end to suffer no weste or impeirment
of the same, reesonable wear and teer of the same excepted, and
the seaond parties acknowledge the receipt and possession of the ,
premises it~ good repair Without exception.
(4) To allow no liens to be placed on the above described propertq
for ~~~t~3t~~g materiels furnfshed, or labor perPormed thereon,
and if sny such liens ere so placed, the s~me ~n~y be peid by the perties
of the first part and each such payment, plus interest thereon at ~ 8~
per ennum, shall be edded to th e unpa id balance of this agreement.
(5) To pay a reasonable attorneg~s fee in the event the first partie~
oP their assignees ftnd it necessary to place this contract in the
hands of an attor~ey to enforce the provisions thereof by suft br
otherwise.
(6) To promptly psy each and every the installments of principal
end fnterest as hereinbefore required and ta pay such other sums
as hereinbefore required promptly as the same becomea due. Time
of such payments being an essential part of this agreement. ~
(71 TYie partieQ of the second part covenant and agree that in the
event any payment due hereunder shall become delinquent for thirty
davs, that the p8rties of the first part shall be entitled to the
sppointment of a receiver to take snd possess the property above
described snd to cause the removal of the,~second parties or any
parties claiming under them, which receiver shall conserve the said
property and the rents and profits arising therefrom until discherged
by court of competent 3urisdiction.
NOW, if the parties of the second part shall make the paymen~s and
perform,the covenants hereinbefore r~entianed on the~r part to be
performed, then the parties of the first part will forthwith tender
a~ood and sufficient Deed with Doeu?~entary stamps affixed thereto,
in a proper amount to the said p~rties of the second part.
In the event of failure of the said pertie~ of the sec ond part
to m~ke any of the payment, or any part therof or fail to perform
anv of the aovenants on their part hereby made and entered into in
eddition to the remedies hereinbefore accorded to the first parties,
this contract shall,et the option of the parties of the first part
be forfeited and terminated, and the pArties of the second part shall
forfeit all psyments made by them under this contr8ct,end such payments
shall be retait~ed by the said parties of the first part in full satisfact~
ion and liquideati~n of sll damages by them sustained, and the said
parties of the first part shall have the right to re-enter and take
nosses~ion of the premises aforesaid witho~~t heing liable to any ection
therefor. '1'he making of paqments antici~fpated hereinbefore pravided n
shall not extend the time of the next due payment.
IT IS I~rrTT?pLLY AGRFED, by and between the parties hereto, that
the time of e~ch payment shall be an essenti8l part of this contract
and that a11 c ovenants and agreements herein contAined shall extend to
~rd be obligatory ~ipon the heirs, executors, administrators and assigns
of the respective parties.
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S~t/~l C ~~'t-LU::I~A ;
c~ ti DQCUMENTA~~ STA~4!~ T~?~ ;
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~ DEC-6'68 :,i ~s ~
N V _ ,
~ ° _ i 515= -
CO1~IPTAOLLER ~ _ ~
~.8.14)139 ,Y~ ~ .
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