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HomeMy WebLinkAbout1066 . ~ f ~ • ~ . t ~ 1 , (6) To promp~l.y pay eaoh and every the ins~al.lments of prinaipal ? ~ and interea~ as hereinbefore~required and to pay sucY~ other j suma as hereinbefore requ3recl promptly as the same becomes ~ due. Time df such paymentis being an e~santial part of this ~ agreement. ~ ~ ~ ( 7 ~ The p~rties o~' the second par~ covenent and agree tha~t in ~ th~ even~ any payment duo hereunder shall become delinquent f'or ~hirty days~ that the part3.es of the first part shall be ~ C~ . en~itled to the appointmont of a Rec:eiver to talca an~t possess the property ~bove described and to cause the removal af the , seaond par-t~es or any p~rties claiming under them, which • Receiver shall conserve the said property end the rents and profits arising therefrom unti~l di~charged by court of comp- etant ~urisdietion. . . j . ~tQ~, if tY~e ps~rties of the second psrt sha13. meke the payments and ~ ~ ~erPorm the covenents hereinbefore mentioned on their part to b~ E- performed, then the parties of the first part w311 forthwith tender . a good and- auFficient Deed wi.th Documentary atamps ai'fixed thereto, in a proper amownt to the said parties of the second parta . In the event ~f f eilure of the seid parties of the aecond part . to make any of the payment, or ~ny part therof or fail to p~rform any of the cavenants on their part hereby~rnade and entered into in . . ` eddition to the remedies hereinbe~ore ~ccorded to the first perties, . . this contract shall,~ at the op~ion of the parties of the f irst par~~ . be forfeited and terminated, and the partiea o~ the second part . shall forfeit all payments made by them under this contract, and ~ ~ euch pa~ments shall be reta~ned by the said perties of the first ~ part in full aetisfaction and liqu~detion of all 'damages by t2~em sustained, and the said parties of the first part shall have the . right to re-enter and take possession of the premises aforesaid ~ithout being liable to any sction thereforo ~ ' The making of p~yments anticipated hereinb~fore provided sha11 ~ not extend the time of the next due payment. ~ ~ It is MUTUALLY AGREED, by end between the parties hereto, that the time of eech paymet~t 9ha11 be an essential pert of thia ~ ~ contract and tha~ all covenents and agresments herein contained ' shall ~xtend to and be obligatory upon the heirs, executors, ~ ~ ~ ~ ' administrators and assigns of the respective parties. . _ , , . . . . . ~ ~ ~ ~~~RK P~Gf ~~~1. . . . . . 3` ' • - ~ ~ . , . . ~ . - . ~ . - . ~ _ ~ q - - . . ; _ . . ~ . . . ~ _v;i ~ --~.~..~__..~.__.w.__ . .