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provided, however, that said taxes,
assessments or impositions maybe
pro-rated to the date~of the sign-
ing of this agreement: interest to
be paid semi-annually.
The party of the second part has the right of pre-paying the ~
above installments at any time without penalty.
The party of the second part agrees .to pay all costs of
collection, including a reasonable attorneyst fee in the event of
any default hereunder.
And in the case of failure of the said party of the second part
to make anq of the payments or any part thereof, or to perform any
of the covenants on his part hereby made and entered into, this
contract shall, at the option of the parties of the first part, be I'
forfeited and terminated and the party of the second part shall
forfeit all payments made by him on this contract; and the said
parties of the first part shall have the right to re-enter and take
possession of the premises aforesaid without being liable to any
action therefore. The party of the second part agrees to pay a
reasonable attorneys* fee in the event that a foreclosure action
becomes necessary by the parties of the first part.
It is agreed that if default be made in the payment of any
principal or interest by the party of the second part, or in
performance of the covenants or agreements herein contained, or any
of them, then at the option of the parties of the first part, the
whole of the principal herein shall become due and payable, and
may be collected by suit or by proceedings hereunder.
IT IS MUTUALLY AGREED, by and between the parties hereto,
that the time of each payment shall be an essential part of this
contract, and that all the covenants and agreements herein contained
shall extend to and be obligatory upon the heirs, executors,
administrators and assigns of the respective parties.
In the case of a default, the liabil ity of the party of the
second part is limited to the amouht of the money he has paid in
event he executes a Quit Claim Deed to the party of the first part.