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ARTICLES OF AGREEMSNT - Page Two
o~ ~ First Parties will give Second Parties an annual statement
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~~~no no later than February 15 of each year, showing the amount ~
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~~FO~ credited to principal, to interest, to taxes and to insurance
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N a m 6 W from paysne~t' ~ made during the previous calendar year by Second
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r 3 ° Parties.
Second Parties agree to pay when due all assessments which
may be imposed against the property for any type of improvements
made by any public body which result in an assessment being im-
posed against the property.
Second Parties agree to pay all costs connected with the
recording of this Agreement, which is to be recorded no later
than December 31, 1969, in order for Second Parties to be en-
titled to receive Homestead Exemption in the coming year, to
keep the real estate taxes to a minimum.
~ First Parties agree to utilize so much of the $75.00 monthly
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I payments as is necessary to pay the real estate taxes on the
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~ aforementioned real property as well as the insurance premiums
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due thereon each year.
Second Parties agree to pay all costs, charges and expenses,
including attorneys fees and title searches, reasonably incurred t
or paid by First Parties because of the failure of Second Parties
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~ to promptly and fully comply with all conditions, covenants and ~
~ agreements contained herein. In the event Second Parties fail
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~ to pay when due any sums of money payable by virtue of this
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~ agreement, within fifteen days next after the same becomes due,
or if each and every agreement, stipulation, condition and covenant '
~ of this Agreement are not fully performed, complied with and
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~ R 181 PAGE17~ '
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