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~ parties shall then have no right to possession of said property nor any ;
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further right uncier this Agreement. E
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NOW, if the parties of the second part shall make the ~
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payments and perform the covenants hereinabove mentioned on their part ;
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to be performed, then the party of the first part will forthwith tender a ~
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good and sufficient deed with documentary stamps affixed thereto, in a t
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proper amount, to the parties of the second part. !
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IN THE EVENT OF FAILURE of the said parties of the :
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second part to make any of the payments, or any part thereof promptly ~
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on the dates specified, or fail to perform any of the covenants on their ~
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part hereby made and entered into, this Agreement, shall at the option ;
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: of the party of the first part, be forfeited and terminated, and the parries ~
; of the second part shall forfeit all payments made by them under this
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` Agreement; and such payments shall be retained by the said party of the ~
first part in full sarifaction and liquidation of all damages by her sustaine~;
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and the said party of the first part shall have the right to re-enter and ta~Ce
; possession of the premises aforesaid without being liable to any action ;
therefor. The parties of the second part are given the express privilege ;
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of making two or more payments on any installment due date without pen- !
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~ alty, but the making of such addirional payments shall not extend the rime ;
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~ of the next due payment. . ~
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~ IT IS MUIUALLY AGREED by and between the parties '
; hereto that the time of each payment shall be an essential part of this
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~ contract and that all covenants and agreements herein contained shall ex- .
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~ - tend to and be obligatory upon the heirs, executors, administrators and
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~ assigns of the respective parties.
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~ IN WITNESS WHEREOF, the parties to these presents
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have hereunto set their hands and seals the day and year first above
' written in duplicate
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; WITNESSED BY:
. ~ - _ - ~ ~ (SEAL)
_ o t ixst art
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