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b. Ta keep r?nd mainta~n~ throughou~ the ].i~e of ~h~e `
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~ . Agreemen~ a pa].~cy of fi~e and ex~ended Go~e~r~ye ~.nsuxt~nCe upon `
~ the abave describgd pxopexty in the minimum acnount o~ $8~500.00.
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such pox~cy to name a5 l.oss pay~es the p~rties of the firs~ paxt
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~ and memoxancium certif icates of such insurance to be furnished
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_ ~ the parties of the fi.rst p~xt each and every year throughout the
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~ l~.fe of this Agreement.
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; • Now ~f the part3es of ~he second part shAll make th~
~ ~ paym,ents and perform~ the covenanta herein~aefore mentioned on their
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" ~ part to be pexfoxmed,~ then ~he parties of the firgt part w~l.~ ;
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~ forthwith tende~c a. g~od and au.ff~cient deed with documentary _~j
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. stamps ~?f~3,xed thereto ~ in a proper amount, ~to tha said paxfi~e~t
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of~ the second pa~et. _ ~ - ~y~'
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xn the eventi of :failure o~ ~the said part~.es af the. . ~
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~ seconci part to make any of the payments~ ox a?tzy pa,rt thereo~i ~
prompfi7.y on th~ dates spec~f~ed~ or fa~1, to perPorm atzy of the.~:~ ~
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_ covenante on their part hereby made and enter~d ~nta' this Agxea~
; , ment shall at th~ o tion o~ the arties of ` - ~
~ P P the fizst parti be ; ~
. forgeited and texminated, an~ the parti~s 'of the seQOnd part sha11
~ - forfei.t all.pay~nen~s made by them under ~his Agreement f and ~u+ch -
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' ~ paymEn~s shall be retained by the sa3d parties of ths first p~?xt ~
_ - in ~ul.~ satisfaction and ligu~d~,t3.on of a~1 damages by ~hem
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sustained; ar~d the said parties og thQ ~E~.rst part shall hav~ the
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~ right to re-~ertter and' taks possession of $he premises a~.foreeaid ~
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. without being ~I3,able to any action therefor. The parties of the~ ;
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second art are iven the e ress
. P 9 Xp privileg~ of making txo or more
payments on any 3.~stallment due date ~without panal~y, bu~ ~~he
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_ ~naking of such additional payment~ ~hall not ex#end the ti~ra o~ ~
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.the next due gayment . }
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