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HomeMy WebLinkAbout2873 1. To pay all taxes, assessments, or impositions tt~at may be ~egally levied or imposecl upon said land subsequent to the 31 st day of Uecember, 1969. 2. To maintain in a state of good repair the building situate upon the abovc described property and to suffer no waste or impairment of the same, reasonable wear and tear of the same oniy excepted. ~ 3. To allow no liens to be placed on the above described property ~ ~ ~ for materials furnished, or labor performed thereon, and if such liens are ; so placed, the same may be paid by the party of the first part and each such ~ payment, plus interest thereon at 8°J'o per annum, shall be added to the unpaid balance of this Agreement. To promptly pay for all labor performed and ~ : materials furnished upon the above described property. ~ ~ i . 4. To pa}? a reasonable attorney's fee and all Court costs should the ~ party 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 r t refuse to quit the premises, making it necessary to bring eviction proceedings ; ~ , against them, or should the party of the first part be required to foreclose ` this Agreement or otherwise bring legal action hereunder. . 5. To promptly pay each and every installment hereunder asthe same becomes due, time of payments being of the essence. 6. The parties of the second part shall keep and maintain, throughout the life of this Agreement, a policy of fire and extended coverage insurance upon the above described property in the minimum amount of $12, 500. 00; such policy to name as loss payees the party of the first part. Parties of the second part shall pay the premiums for such insurance promptly as they become due. ~ 7. The parties of the second part are executing, simultaneously with this Articles of Agreement, a Quit Clairn Deed re-conveying the above described property unto the part}~ of the first part, with the express understancling that so long as the payments called for hereunder are promptly made and the second parties otherwise abide by ail the terms hereof the said Quit Claim Deed -2- ~ - _ - - _ ~ % = - , . F _:S?'~