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the year 1977 and to keep~ the ~iuildings upon said premises insured
in soine company satisfactory to the parties of the first in a sum
sum not less than full insurable value during the term of this
Agreement. And in case of failur~ of the said parties of the
second. part to make either of the payanents o~ any part thereof, or
to perform any of the covenants on their part hereby made and entered
into, their contract shall, at the option of the parties of the first
part, be forfeited and tertninated, and the parties of the second part
shall forfeit all payments made on this contract; and such payments
f
shall be retained by the said parties of the first part in full
satisfaction and liquidation of all damages by them sustained and
said parties of the first part shall have the right.to re-enter and
take possession of the premises aforesaid without being Iiable to any ~
action therefor, and at the option of the parties of the first part
' the unpaid balance shall without demand become due and payable, and
all costs and expenses of collection of said moneys by foreclosure
or otherwise, including solicitor's fees, shall be paid by the parties
of the second part, and the same are hereby secured.
IT IS M1IVALLY AQtEED, by and between the -parties hereto, that
the time of payment shall be an essential part of this contract,
and that all~covenants and agreements herein contained shall extend
to and be obligatory upon the heirs, executors, administrators and
assigns of the respective parties.
IN WITNESS WHEREOF, the parties to these presents have hereunto
set their hands and seals the day and y r first above written.
Signed, sealed~ and delivered
in the re se ce ~ G~~Yt. Sea 1
~'homas R . tm
.
• Seal
P F st Pa hirley W. ann -
~ ~ Seal
Charles W. Mann
For P ties of Secand art) Seal
Mary . ann
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