HomeMy WebLinkAbout1532 part on any installment due date without penalty, but
the m aking of such additional payments does not ex-
- tend the date of the next due payment . "
And the parties of the second part further covenant and agree as follows:
1. To pay a11 taxes, ~ssessments, or impositions that may be
legally levied or imposed upon said land subsequent to the 31st day of Dec-
ember, 1971,
2. To maintain in a state of good repair the building situate on
the above described property and to suffer no waste or impairments of the
same, reasonable wear and tear of the same only excepted,
3. To allow no liens to be p~aced 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 parties of the first part and each such
payment, plus interest thereon at 9~ 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.
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 ,
provisions hereof, or should the parties of the second part breach this Agree+ ~
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ment and refuse xo quit the premises making it necessary to bring eviction
proceedings against then~, or should the part~es of the firsi part be required ;
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to foreclose this Agreement or otherwise bring legal action hereunder.
5. To promptly pay each and every insta~lment hereunder as
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the same becomes due, time of payments being of the essence.
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6. Tfie party of the second part shall keep and maintain throughout
; the life of this Agreement, a policy of fire and extended coverage insurance
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upon the above described property for the full insurable value of the property; ~
such policy to name as loss payees the parties of the first part. The parties
of the second part shall pay the premiums for such insurance promptly as
they become due. ;
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Should any payment called for hereunder remain unpaid for 30 ~
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days from the due date, or should the second parties otherwise breach this ~
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