HomeMy WebLinkAbout2855 ~
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~ 6e T~ keep and main~ain~ throughc~ut the l~ge of this
Agreement, a policy o~ f~xe and extended covexage 3.nsurance upon
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; the above descxibed property 3.n the m3,nimum amount of $9,000.00 .
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~ Such poli.cy to name as loss payees the parties of the f~.xst par~ ~
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t ' and memoranduen cert~ficates of such 3nsurance to be ~urnished '
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; ~he parties of the firs~ part e~ch and every year thxouqhout the '
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~ ~ ' ~ . life of thi s Agreement. . :
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; , Naw if the parties of- the second paxt shall make the ;
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payments and per~orm the cov~nants hereinbe~ore mentioned on ~
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` ~ their part #o be per~ormed, then the part3es of the first part ~
~ w~.~l foxthwith ;tender a goad and sufficient deed w3.th docunaentary
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~ . stamps affixed.thereto~ 3n a proper amoun~~ to the said parti.es
t of t he second par t, ~ ' '
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; IN THE EVENT OF FAILURE of the said pa~rties o~ the ~
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~ second.part to make any of the payments, or a~r p~rt thereof9
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~ promp~tly on the da?tes specified, or fai~i_ ~o perform ~ny of the ~ ~
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i:_ ~ - cavenants on thei r part he reby made and entered into ~ this
Agreement sha,ll, at the option of the par#i~s o~ the f~.rst pa~t~
. - be forfe~ted ~nd terminated, and the parties of the second part ~ fi
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~ shall forfeit all payments anade by them ixnder this Agreement; {
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. and such payments shall be retained by the sa~.d paxties, of the ~
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~ first part 3n full satisfact~ion and liquidation of all damages '
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{ by ~hem sustained; and the.said paxties of the first part shall
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have the right-to re-enter and take possess~an of the premises~`~~- ~
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~ - . _ . - . aforesaid wi thout being liable ~ °to any action therefor, The . ;
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- parties vf the second part are giden the express privilege o~f ' ~
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~ mak~ng t~a or more payments on any installment due d~te withou~ - t
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•,penalty, but the making o# such add~.tion~l payments shall not . ~ ~
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` extend the time of ~he next due payment. -
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