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7. 'It~e parties of the second part are executing, eimultaneously
with this Articles a~ Agreement, a Quit Claim Deed reconveying the above
described ptoperty unto the parties of the ~rst part, with the express under-
standing that so long as the payments called for hereunder are promptly made
and the second parties otherwise abide by all the terms hereof the said Quit
~Iaim Ueed shall be heid in escrow. However, should any payment called for
hereunder remain unpaid for 30 days from the due date, or should the second
parties otherwise breach this Agreeme~nt by non-payment of taxes or other
covenant herein contained, then. $rst parties may, without any notice or de-
mand to second parties, record said Quit Claim L~eed and thereupon second
parties shall have no further right, title, interest, claim or demand to the
above described property and first pariaies may re-take possession of the
same instanter and second parties shall then have no right to possession of
said property nor any further right under this Agreement.
' NOW, if the parties of the second part shall make the.payments and
perform the covenants herein before mentioned on their part to be performed,
' then the parties of the first part, will forthwith tender a good and suffiGient
deed with docume~ary stamps affixed thereto, in a proper amount, to the said
parties of the second part.
IIV THE EVENT OF FAILURE of the said parties of the second part
tu make any of the payments, or any part thereof, promptly on the dates
specified, or fail to perform any of the covenants on their part hereby made
and entered inm, this Agreement shall, at the option of the parties of the first
part, be forfeited and t~rminated, and par[ies of the second part shall forfeit
all paymerns made by them under this Agreement; and such payments shall be
retained by the said parties of the first part toward satisfaction and ~iquidM
ation of all damages by them sustained, and the parties of the first part shall -
have the right to re-enter and take possession of the premises aforesaid with-
out being liable to any action therefor. The parties of the second part are
given the express privilege of making two or more payments on any install-
metrt due date without penalty, but the making of such add~tional payments
ROYCE R LEwIS ~ • ~
AT708NEY A~ LAr i~ ~hall not extend the time of the nelct payment. .
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«•pe• 800~K~~ PACE~~
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