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w <br />8. In the event the first party shall die after five <br />full payments of $000.00 each have been paid in full, then <br />there shall be no further obligation on the part of the <br />second party to pay any further sum whatever, and the escrow agent <br />hereinafter designated shall be instructed to deliver the Warranty <br />Deed forthwith. <br />9. The second party agrees to pay the general real estate <br />taxes for the year 1954 and thereafter, promptly when due and <br />not permit the same to become delinquent. In the event there <br />are any special assessments of any kind, he agrees to pay the <br />same. <br />10. The second party agrees to carriy fire and general <br />coverage insurance, with a loss payable clause to the first <br />party in a sum of not less than x`5000.00. <br />11. The parties hereto agree that there is now a mortgage <br />upon said real estate and that the first party may increase <br />said mortgage in the event she so desires to the maximum ,sum <br />of x`10,000.00, or obtain a renewal thereof or pay off the same <br />and execute a new mortgage or mortgages, provided the maximum <br />amount shall not exceed 010,000.00. <br />12. The first party agrees that she will pay promptly, <br />when due, the interest upon said mortgage or mortgages. <br />13. In the event the first party dies before the expira- <br />tion of twenty (20) years, then the second party takes the, <br />place subject to the lien of said mortgage; that is to say,. if <br />the first party dies within five (5) years, the second party <br />takes the place subject to the mortgage in an amount not to <br />exceed #10,000.00 and pays the balance of the $15,000.00, but <br />if the first party dies after five (5) full payments have been <br />made, but there is a mortgage on the place, the second party <br />takes the same subject to the mortgage.- <br />14. If the amount owing upon the mortgage is less than <br />$10,000.00, the second party; takes the place subject only to <br />the amount of the mortgage. If the first party i3 alive at <br />the end of twenty (20) years, when the x`10,000.00 payment is, <br />to be made, then the amount of said mortgage shall be deducted <br />from the $10,000.00 remaining to be paid. <br />15. The first party will at the request of the second <br />party, and at his expense, bring an Abstract of Title down to <br />date, ,ohowing a marketable, legal title to be vested in her, <br />free and clear froma ll liens and encumbrances whatsoever, <br />except a mortgage of not more than ,010,000.00, and less public <br />roads, which abstract is to be deposited with the escrow agent. <br />16. In the event there are any defects which may render, <br />the title not `marketable,the first party agrees that she ,will <br />correct said defects at the.:expense, however, -of the second <br />party. <br />17. The first party shall have an option, in the event <br />that there are any ,defects in the title which, cannot be., cured <br />by quiet- title proceeding, to rescind this coriract and re <br />store any amounts paid by the first :party, a xcept the sum of, <br />$2000.00 per year for rent. <br />18. The first party also agrees, upon the signing of <br />these instruments, to deposit with The F4 rst National Bank <br />2 - <br />� k , <br />