HomeMy WebLinkAbout4290 Pierce by promptly paying same into Account
No, 3-I8, 390 at such Association. It is agreed
that any payment called for that is not made by
the 8th day of the month due shall result in a
late payment charge of $S. 65 for that month's
payment.
And the parties of the second part further covenant and agree as follows:
1, To pay all taxes, assessments, or impositions that may be
legally levied or imposed upon said land subsequent to the 31 st day of
; Decem ber, 1971.
2, To maintain in a state of good repair the building situate on the
above described property and to suffer no waste or impairment of the same,
reasonable wear and tear of the same only excepted.
3. To allow no liens to be placed 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 at 10~ per annum, shall be added to the unpaid~
balance of this Agreement. To promptly pay for all labor performed and
matPT~ia~S fi~rnished unon the above described property,
4, To pay a reasonable attorney's fee and all Court costs should
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
Agreement and refuse to quit the premises, making it necessary to brirg
eviction proceedings against them, or should the parties of the first part
be required to foreclose this Agreement or otherwise bring legal action
hereunder,
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S, To promptly pay each and every instaliment hereunder as the .
same becomes due, time of payment being of the essence.
6. The parties of the second part shall keep and maintain, through-
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' out the life of this Agreement, a policy of fire and extended coverage in-
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surance upon the above described property in the minimum coverage of
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~10, 500. 00; such policy to name as loss payees the parties of the first part.
Parties of the second part shall pay the premium s for such insurance prom-
i
~ ptly as they become due.
; 7. The parties of the second part are executing, simultaneously
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