HomeMy WebLinkAbout2197 improvemant that may be upo~ tha aforesaid propecty.
DurinP the~'exiatance of the lien herein retained the partiea
of the second part ar~ree to keep the improvements_ upon the premises
hereby convey~ed insured againa t fice and tor~adoa ia some solvent
in$urence company in at least the sum of ~ , and the policies
therefore properly assiqned anC made peyable to the holdera of said
note as their interest appears, and to keep sll taxas and asaessme~ts
aaainst said property peid whe~ due.
New, should the oarties of the second part fai,l to keep said
improvements so insured, or said taxes or assessments paid when due,
or fail for a period of siaty days after th~ same becomes due end
payable to pay any of the installments upon the aforessid note, then
in any of the foregoing events the holders of said note may at their
optioo c3eclare the whole debt dua and proceed to enforce the venCOr's
lien retainad hecein to secure the payir~ent of Gaid note snd the interest
the re o n .
~ When the conditions of the vendor's lien have beeo fully com-
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plied W ith the par ties of the firs t par t agree to re lease s ame a t the
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€ cos t of the psr ties of the second par t.
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~ IN T~STI~!ONY W~-~~tLOF, ttie par ties of the fi rs t p& r t ha ve
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~ hereunto subscribed their names on the day and ~ear first hereinabove
f written.
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