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5. To pxomptly pay each and every ins~allment hereundex ;
`as the s~me becomes d~~, time of payments being of the essence, i
6. To keep and inaintain, throughou~ the life of this j
;Agreemen~, a policy of fir~ and extended coverage insurance upon ;
the above described property in ~he mini~um amount of $~,300.00.
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Such o~ic to name as loss '
p y payees ~he parties of the first part ~
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and memoxandum c:ertificates of such insurance to be furnished ;
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;i the parties of the .first part each and every year throug2iout the f
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life of thi s Agreement o ~
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Now, if the par t ie s of t he~ second pa~ t shal l make the =
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payments and perform tY.e covenants hexeinbefore mentioned on ~their ~
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, i: part to he gerformed, then the parties of the first part will j
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forthwith tendex a good and sufficient deed with docum~ntary ~
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stamps affixed ~hexeto, in a proper a.nnount, to the said par~ies i
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of the second part. ~
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j' IN THE EVENT OF FAILURE of ~he said parties of the ~
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second part to make any o£ the payments, or any part thereof,
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; promptly on the dates specified, ar 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 ~ption of the parties of the first part, ~
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;;be forfeited and terminated, and the parties ot the second part ±
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shall forfeit all payments made by ~hem under this Agreemen~; ~
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;'and such payments shall be retained by ~he said parties of the (
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first part toward satisfaction and liqu~dation of all damages ~
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b them sustained arxi -the said ~
Y , par~ies of the first part shall !
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have the righ~ to re-enter and ~ake possession af the premises ~
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aforesaid without being liable to any action therefor. The ;
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±j parties of the second part are given the e~cpress privilege of ~ ~
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~i making two or more payments on any installment due da~e without i
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f~ penalty, but the making of such additional payament shall not ~ ~
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