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. 5. To promptly pay each and every installment hereunder i
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~s the same becomes du~, ~ime of payments bExny of the essence, ~
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6. To kepp and maintain, throughout the Iif~ of this i
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Agreement, a policy of fir~ and extended coverage insurance upan ~
the above descxibed pr~~perty iri the minimuin amount of $9, 700.00. i
Such olic to name as loss a ees the ~
P Y p y parties of the first part ~
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~ and memorandum certificates of such insurance to be furnished ~
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the parties of the first par~ each and every year 'thraughout the j
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life af this Agreement. ;
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nOW, if the parties of the second parfi shall make the !
; payments arld perf~rm the covenants ~,ereinbe~ore men~ioned on their$
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: part to be perfo,med, then the part~.es of -the fixs~t part wa.ll i
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~ forthwith tender a good and sufficien~ deed wit h documentary ~
stamps affixed thereto, in a proper amount to the said parties ~
; of the second part, ;
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IN THE EVENT OF FAILURE of the said parties of the '
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~ second part ta make at~y of the payments, or any part thereof, ~
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promptly on the dates specified, or fail to perform any of the ;
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covenants on their part hereby made and entered into, this Agree
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; ment shall, at the option of the parties of the first parfi, ~
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be forfeited and terminated, and the parties of the second part ;
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sha11 forfeit all payments made by them under this Agreement; ~
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and such payments shall be reta~.ned by the said parties of the •
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first part toward satisfacti.on a~d Iiquidation of aIl damages ~
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~ by them sus~ained, and the said parties of the first part shall [
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have the right to re-enter and take possession of the premise5 ~
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, j aforesaid without being liable to any action therefor. The ;
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j; parties of the second part are given the express privilege of ~
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making two or more payznents on any installment due date wi.~hout ~
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penalty, but the making of such additional paymen-~s shall not +
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