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taa bill shall be, at the option of the parties of the first part,
paid by the parties of the first part and added to the principal
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of the amount due and owing under this Agreement.
2. If any monthly payment remains over ten (10) days past
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due, a late charge for each delinquency each month of Five Do - ~ ~'0/
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lars ($5.00) shall be paid by the party of the second part. Q~~
3. The party of the second part agrees to permit no labor
lien or mechanics lien to be placed on the above property. It is
mutually agreed that this Agreement on the part of the party of
the second part does not infer any consent on the part of the
parties of the first part to do anything which might result in such.
a lien, .as the parties expressly decline to give consent to any
acts by the party of the second part which may involve encumbering
of the above property or the clouding of the title thereto.
4. As hereinabove stated, upon completion of payments to be
made by the party of the second part, with interest thereon as
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agreed, the parties of the first part covenant and agree to convey - j
by warranty I?eed i
a good and merchantable title to the subject property to the party ,
of the second part, his survivors, heirs and assigns, free and clear
of all liens and encumbrances, and except as to such liens and/or
encumbrances as may come into existence hereafter through no fault
of the parties of .the first part, and except as to such liens and/or
encumbrances as the second party may have imposed or permitted to be
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~ imposed on said title.
5. In the case of the failure of the party of the second part,
his survivors, heirs and assigns, to make either of the payments, or
any part thereof, or to perform any of the covenants on his part
hereby made and entered into, and such failure or default shall con-
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t tinue for a period of more than thirty (30) days, this Agreement
shall, at the option of the parties of the first part, their heirs
or assigns, be terminated, and all amounts paid hereunder shall be
the property of the parties of the first part, their heirs or assigns,
who shall have the right to re-enter and take possession of the prop-
erty,without notice, without suit or legal proceedings, and without
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