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1, To pay all taxea. assessments. or imposldons that may be ;
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legally levied or imposed upon said land subsequent fio the 31st day of Dec- ~
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ember, 1970,
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2. To maintain in a state of good repair the building situate on the ~
~i above described property and to suffer no waste or impairment of the same,
ii reasonable wear and tear of the same only- excepted.
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~ 3. To allow no liens to be placed on the above described property
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~ for materials furnished, or labor performed thereon, and if any such liens
I; are so placed, the same may be paid by the parties of the first part and such
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payment, plus interest thereon at 9~ per annum, shall be added to the unpaid
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balance of this Agreement. To promptly pay for all labor performed and mat-
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" erials furnished upon the above described property.
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4. To pay a reasonable attorney's fee and all Court costs should
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the parties of the first part be forced to take legal action to enforce the pro-
visions hereof, or should the parties of the second part breach this Agreemen
and refuse ro quit the premises, malcing it necessary to bring eviction pro- ;
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ceedings against, them, or should the parties of the first part be required to ~
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foreclose this Agreement or otherwise bring legal action hereu~der.
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5. To promptly pay each and every installment hereunder as the ~ ~
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' same becomes due, time of payments being of the essence. ,
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; 6. To keep and ma.intain, throughout the life of this Agreement, a~
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; policy of fire and extended coverage insurance upon the above described pro» ;
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~ ; perty in the minimum amount of $ 13, 500. 00 , such policy to ;
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~ ' name as loss payees the parties of the first part and memorandum certificate~
~ ; of such insurance to be furnished the parties of the first part each and every '
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~ : year throughout the life of this Agreement. ~
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7. The parties of the second part are executing, simultaneously
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with this Articles of Agreement, a Quit Claim Deed re~conveying the above i
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= described property unto the parties of the first part, with the express under~ ~
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~ standing that so long as the payments called for hereunder are promptly made,;
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~ and the second parties otherwise abide by all the other terms hereof Yhe said ~
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~ Quit Claim Deed shall be held in escrow. However, should any paymerit callec~
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