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The pari:~ of the second part agrees and covenants; #
i~(1) To,keep the property insured at their expense with an insur- ~
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ance company satisfactory to the parties of the first part in
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; an amount of not less than ~15,000.00. Said insuranc~ to i
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cover bbth fire and windstorm damage, c,?ith a maximum deduct- ~ ~
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ible of ~100.00.' '
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;;(2) To pay all ad valorem city and county taxes and other govern-
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mental assessments accruing snbseq~.~ent to the 20th day of ;
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~1 August A.D. 1974. ~
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~!(3) Failure to perform any of the covenants on their part, within ~ ~
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30 days of the due dates, shall constitute forfeiture and j
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termination of the within contract and all payments made by '
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;t the Far~y of the second part shall be forfeited and const- j
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~ itute full and liquidated damages to the parties of the first ~
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part. iJeither forebearance nor acceptance ~y the parties of i
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i~ the first part after any default in any payment herein, shall ~
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be deemed extension hereof. ~
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~:(4) That in the event it is necessary bo use legal :neans or proc- ~
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esses to en~orce performa.nce of this contracQ^to foreclose thi~
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- io of this ro e..t the party (
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; of the second part agrees to pay a reasonable at~torney's fee ;
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and all other costs pertaining ~o the legal procedu~e =
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-`(5) That it is not necessary ~6r the parties of the first part to f
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notify the party of the second part when any of the amounts .
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come due under this contract. '
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;~(6) That the party of the second part shall permit, commit or !
~ suffer no wasre, impairment or deterioration of the aforesaid ;
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land or the improvements thereon at any time.
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