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' 6. xo keep and mai.n~ain~ thzoughout th~ l~,fe of this
: Agxeement ~ a policy of fi~re and extended covaraae insuxance upon `
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~he above descx3.bed property in the min~mum amount of $8~500.00. ~
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` ~ Such policy to name as loss payees the par~ies of the fixst part {
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and memorandum cert3P~cates of such ~.nsurance to be ~'uxnish~d ~
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f the parties of the f ixst paxfi each and ~very ye~r fihroughout the '
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~ • life of this Agxeement. ~ '
Now, ~f the parties of the second pazt st~all make the
payments and perform the covenants hereinbefore mentioned on ~
fihei.r p~rt to be perfoxmed~ then the parties of fihe farst pax~ t
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~ will forthwith `tender a good a,nd suffi.cien~ deed wi~h documenfiAr ~
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~ stamps affixed~thereta~ in a proper amoun~~, to ~he said parties ~
of the second art. ~
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~ IN ~HE EVENT OF FAILURS of ~the said parties of the
second par~ to make ~ny of the payments ~ ox any par~ thereof ~ ~
~ . promptly on the da.tes spec~.fied, or fail to perform any og the
_ ' covenants on #he~.r part hexeby ma,de and ~ntered 3.nto~ th~,s ,
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. . Agreement shal]. t at the option of the part~.es of the first pa~ct ~
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. be forfeited ~:nd ~erminated, and the paa~t~es of the second p~?rt
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' shail forfeit a7.J. payments made by them under ~h~.s Agreement;
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~ and such payments shall be retained by the ~aid part3es o~ the
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~ first part in full satisfaction and l~quidation of nll clamages
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} by them sustained;.. and `the said parties og the f~rst part shall
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~ have the right~to re~enter and take possession of the prem~.ses ,
afoxesaid without being l~ab~e to any action therefor. The
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parties of the second part are g~tven the express psivi2ege of
mak~.ng two or more payments on any ~nstallment due date withou~
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. penalty~ but the making of ~uch add~.t3onal payments shall not `
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extend the time o~ the nexfi du~ payment. ~ i
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" _ IT IS MUTUAGLY agreed by and between tl~e partias herete~ ~
~ R~iYCi !t. LEWIS • • ' ' ~
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