HomeMy WebLinkAbout0152the unpaid balance. Two or more payments
may be made by the parties of the second
part on any installment due date.
And the parties of the second part further covenant and agree as follows
1. To pay all taxes, assessments, or impositions that may be
legally levied or imposed upon said land subsequent to the 31st day of
December, 1963.
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 weaa and tear of the same excepted.
3. To allow no liens to be placed on the above described
property for matexials furnished, or labor performed thereon, and if any
such liens are so placed, the same may be paid by the parties of the
first part and each such payment, plus interest thereon at 896 per annum
shall be added to ,the unpaid balance of this Agreement.
4. To pay a reasonable attorney's fee and all O~urt costs
should the parties of the first part be forced to take legal action to
enforce the provisions hereof, or should the parties of the second part
breach this agreement and refuse to quit the premises, making it necess
to bring eviction proceedings against them or should the parties of the
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first part be required to foreclose this Agreement.
5. To promptly pay each and every installment hereunder as
the same becomes due, time of payments being of the essence, each
installment to be paid as provided, that the second parties shall have
thirty (30) days from any dne date within which time to redeem the
property without the penalty of foreclosure attaching within the said
thirty (30) days and during the tine, payment of the arrearage to the
date of any said payment shall redeem the property and the first parties
shall not have the fight of acceleration during the said thirty (30)
days redemption period.
6. To keep maintained, throughout the life of this Agreement,
a policy of fire and extended coverage insurance upon the above described
property in the miniaum amount of $9,000.00; such policy to name as loss
payee the parties of the first part and the original policy of such
insurance to be furnished the parties of the first part each and every
year throughout the life of this Agreement.
Now if the parties of the second pazt shall make the payments
ahd perform the covenants hereinbefore mentioned on their part to be
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