HomeMy WebLinkAbout0113 on any installment due date, but the making of
_ any such additional payments shall not defer
the next due regular payment.
And the party of the aecond part further covenants and agrees as
follows: ` ~
1. To pay alI taxes, assessments, or impositions that may be
legally levied or imposed upon said land subsequent to .the 31 st day of D~ecem
I968.
~ 2. To maintain in a state of good 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 excepted.
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3. To allow no liens to be placed on the above described property
for materials furnished, or Iabor performed thereon, and if any such liens
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` are so placed, the same may ba paid by the }~arties of the first part 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 perfo~med
~ 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 parties of the first part be forced ~o take Iegal action to enforce the ~
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; provisions hereof, or should the party of the second part breach this Agreeme t
~ a~ refuse to quit the premises, making it necessary to bring eviction proc ~
ings against Iiim, or should tha parties of the first part be required to forecl e
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~ this Agreement or otherwise bring iegal action hereunder.
5. To promptly pay each and every installment hereunder as the sam~e
~ becomes due, time of payments being of the essence, 1
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~ 6. To keep and maintain, throughout the life of this Agreement, a i
policy of fire and extended coverage insurance upon the above described
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property in the minimum amount of ~10, 0(f0. 00; such policy to name as loss ~
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= payees the parties of the firat part and memorandum certificates of such ~
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insurance to be furnished the parties af the Hrst part each and every year ~
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