HomeMy WebLinkAbout1003 the making of such additional payment does not
extend the date of the next due payments. '
And the parties of the second part further covenant and agree as follows:
1, To pay all taxes, assessments, or impositions that may be j
legally levied or imposed upon said land subsequent to the 31 st day of Dec-
ember, 1972.
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 sam~
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
paymert, plus interest thereon at lOJ per annum, shall be added to the unpaid
balance of this agreement. To promptly pay for all labor performed and mat-
erials furnished upon 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 parC breach this Agreement and re-
fuse to quit the premises, making it necessary to bring eviction proceedings
against them, or should the parties of the first part be required to foreclose
this Agreement or otherwise~ bring legal action hereunder.
~ 5. To promptly pay each and every installment 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-
out the life of this Agreem ent, a policy of fire and extended cov~rage insvrance
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upon the above described property for the full insurable value; such policy to
name as loss payee the parties of the first part. The parties of the second part
shall pay the premiums for such insurance promptly as they become due.
~s 7. 1fie parties of the second part are executing simultaneously wi th
this Arricles of Agreement, a Quit Claim Deed re-conveying the above described
property unto the parties of the first part, with the express understanding that so
long as the payments called for hereunder are prornptly m3de and the second parties
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