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6. To keep and ma3.nta3n~ thxoughout the life o£ this
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~ Agxeement~ a pol3.cy of f3re and ex~ended covexage 3.nsurance upon
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f the ~?bove descr~bed gr~pexty in the min3mum amount of $8~500.00.
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s ~ S~c pol3cy to name as ].oss gayees the parti.es of the firs~ part
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~ ~ ~nd memorandwa certif~cates of such ~nsurance to be furnish~ci
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~he part3es of the first paxt ~ach and evexy year throughoufi the ~
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~ ~ife ot this A~reement . '
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~ N~w 3f the parties of the secnnd part sha7.1 make the ;
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payments and perform the co~~enants hereinbefore mentioned on
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s ~ the3r pa.r4 ~o be pexfoYmed, then the parties of the first part s~
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z will forthwith tender ~ good and su.ff~cient deed with documentary
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= stamps affixed thereto, in a proper amount, to the said parties :
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IN THE EVF.d3T OF FAILURE of the said p~?rti~as o:E the =
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second part ~o make any of the paymen#s' or any part t~ereof ~
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~ promptly on the dates specified~ ox fa~l to perform any af the
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~ ' covenants on th~ir part hereby made .and ~ntered into, this Agxee~
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F~ ment shall, at the option of the parties of the first part~ be ~or- ~
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~ feited and terminated, and the par~ies of fihe second part sha?11 ~
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- forfeit all payments made by them under fi~is Agreement; and such
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, x.-: . payments shall b~ retained by the sa3.d paxties of the girst part
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_ in ful]. satisfaction and 13,qu3dation of a17. d~.ma~es .by them sus~- -
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;~`;.A;•: . fia3 ned~ and the said part3.es of the first part shall have thQ ~ ~
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r~.ght to re-enter and take possession of the .premises aforesaid (
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withoufi being liable tc~ any action theregor. The parties of the `
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_ second part are g~ven the express privilege of making two or more :j
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E; ayments on_any installment due date without penalty, but the makin '
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of such additi~nal payments shal]. not extend the time of the next
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~ ue payment. . .
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