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! 6. To keep, and maintai.n~ thxoughout the ~~fe. of th~s
Agxeemen~, pol3.cy of fire and ext~anded covezag~ ~.nsuxan.ce upon
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the above descxibed pxoperty in the m~.nimum amount of $8,500000. ~
Such pol~cy ~o name as loss payees the par~ies of the f~.~st pax~ t
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~ end memoxan~ium cert3.ficates of such insurance to be furnished ~
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' ~ the parties of the f3.rst part each and every year throughout the '
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' ~ l~.fe of this Agreement.
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t ~ Now 3.f the paxties of the second paxt shall make the
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- payments ~.nd perform the covenants hereinb~fore men~iot~ed on
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s, the3.r paxt to be pexformed~ then the parties of the first part
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~ ' w~ll forthw~.~h tender a•good and sufficient de~d with documentery ~
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s s~amps Rffixed thexeto, in a proper amount, to ~he said part~es ~
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~ of the second part. ~
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IN THE EVENT OF FAILURS of the said partiea of the
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' second part to make any of the payments~ o~ any part thereaf~ ;
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~ ~ promptly on the dates spec3.fied, or fail to perform any of the
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• covenants on theix paxt hereby mad~ and entered into~ this
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~ ~ Agreement shall~ at the option of the parties of the first paxt~ ~
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be forfeited and terminated, anct the parties of the second part ~
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shall ~orfeit all payments made by them unde~ this Agreement;~
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t and such payments shall be reta~ned by the sa3.d parties of the
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~ r' " ~ ~irst part ~n full s~?tisfaction and liquidation of all damages
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: by them susfiair~sdj and the said parties of the fixst part shall ~ ~
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F~*= have the right .to re-enter and take possession of the premises ,
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t - aforesaid without .being 1~able to any ~ction thersfor. The ;
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E~~' . parties of the second par~ are giv~n the express privileg~ of ~ .
~~_y- making two oz more payments on eny ~.n~tal].ment due date w~thout .
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` penalty, but the mak~,ng of such additional payments shall no~
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- extend the time of the next due payment. ~ ~
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~ _ . _ R~~: ~ rdc.f 434 -
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