HomeMy WebLinkAbout1867 ARTICLES OF AGRE~MENT - Page 2.
If the above-mentioned monthly payments are not received
by the 7th day of each month, a late charge of $2.50
shall be added to each delinquent monthly payment.
SECOND PARTIES hereby agree to pay all costs connected
with the recording of this Agreement, which is to be
recorded by December 31, 1969, in order for SECOND
PARTIES to receive Homestead Exemption.
FIRST PARTIES agree to utilize so much of the $121.00
monthly payments as is necessary to pay the real estate taxes
on the aforementioned real property as well as the insurance
premiums due thereon each year.
SECOND PARTIES agree to pay all costs, charges, and expenses,
including attorneys fees and title searches, reasonably incurred
or paid by FIRST PARTIES because of the failure of SECOND PARTIES
to promptly and fully comply with all conditions and covenants
of this agreement. In the event SECOND PARTIES fail to pay when
due any sums of money payable by virtue of this agreement, within
15 days next after the same becomes due, or if each and every
_ agreement, stipulation, condition and covenant of this agreement
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are not fully performed, complied with and abided by, then the
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~ entire unpaid balance of this agreement shall forthwith and
~ thexeafter, at the option of FIRST PARTIES, become due and payable
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and the estate hereby created in SECOND PARTIES shall cease,
terminate and be null and void. Furthermore, this agreement shall,
~ at the option of FIRST PARTIES, be forfeited and terminated and
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SECOND PARTY~S snaii forieit aii~payments made by them on this
~ agreement and such payments shall be retained by FIRST PARTIES
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~ and FIRST PARTIES shall have tne right to re-enter and take
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~ possession of the premises aforesaid without being liable for any
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, action therefor. This agreement shall bind and benefit the
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~ parties hereto, their heirs, executors, administrators and assigns.
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~ BoaK 181 P~~F 1868
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