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Any installment not paid promptly when due'aahall a.rati6t�r
<br />intOrest tat the rate Of, � pe"r�- annum Prox the bate when, due
<br />d
<br />un4til paid.
<br />In the event the second, parties shall to 14# neglect or
<br />refuse to pay any one or more Installments when dice* or vithrtra
<br />sixty (60) days theeraea tern then tsrtthout notioeos the tirsrt
<br />paartiO8 may declare the entire 1*11ance due, upon ,t his contract
<br />as due and payable ?orthwfths in whitish event said balance with
<br />€anpaid interest shall draw interest of the rat* oe 8 per, an' num
<br />.,from, the date when the ftrst: parties shall have declared the
<br />bdlaarace as duet and payable,F 'until paid.
<br />The ,first panties hereby agree to deliver possession of scatd
<br />dare -mtses to thae second Da r�"ies, on or about Auguat 2 , 1955* . Ir
<br />theme shall be any delay in the deliverty oX possession of the
<br />pre lseso interest -shall not'` be charged can the ?5alance remaining
<br />unpaid during said delivery, kith that exception,, time is hereby
<br />made tae essence o-J" this contract*
<br />Ae ,first parties taereby ogree to poly the pro rata share of
<br />the 1955 real estate taxes an saxid premises to the daite, of the
<br />surrender taf' possession, a'
<br />s
<br />the second parties agree to carry .fire and general coverage I
<br />insurance I on the building& upon said premises in the amount of
<br />at least ` 7000,00 the premiums to be paid by the de Dostt with
<br />the first Parties oX the estimated 1/.120 theriof ea;rch Moathp aa*
<br />hereinberfore provided.
<br />The second parties agree that if the amount deposited by
<br />then „fair^ the payment of taxes end tneuraancer s4aa2l be tnsVfictent
<br />to pea, tae tames and insurance as, the same rall daces that;, at
<br />Moir opt' one the first parties may spay the saxr ea 14. which event
<br />the second psartieas cagree that they will, on dexand,, repay .. said
<br />sun try they first partiess ' with interest at the ,Pdt+e or' A per aaa 4un
<br />fror, the date when the same should have been paid by the ,lust
<br />partie6o
<br />Za the event the second parties shall faailO neglect or refu ei
<br />to comply with any v,f the terms o,f this contracts especially, but
<br />not being limited thereto,, the payment of the instaa.11meats when
<br />due or the entire amounts in 't he event of default and election
<br />h,,I the ,first partiess then the .first ,parties my foreclose this
<br />contract by strict foreclosuros' a,s by layer provtded.
<br />` e sev,,arad parties agree that they will net commit or permit
<br />waste ,to be oomn$tted upon the pre�4fs s and that they will not
<br />e+rAt any cha >rges or lienas to be placed on said pre ises or
<br />charged to the saanes uhich shall be in any ,Manner superior to ` the
<br />riohts o,f.the first ocart$es.
<br />A* parties of the first, part agree thot they will once during
<br />the terra of this contracts on demandjr submit to the second parties
<br />an Abstract of 14tle extended to the date,,showtng a mar etab2e,
<br />lehaal title to be vested in the first partfe^aa ,,frees Ond clear ,,Iron
<br />all 2 iens and - enau br+aaraco s whatsoever$, except such gas nay, have baeen placed or permitted to be placed thereon by the, second
<br />parties. The t 000nd parties :shall have a reasonable, time within
<br />witch U have said abstract 'examined and the first, parties shall
<br />have a. reraxso4aable time there ,fter wtthin which to c arrreas any
<br />defect tphtch may render the 'title not marketableo
<br />TW a second parties agree thatp if at the t ire of than del every
<br />of possesston„ said premises are subject to a real estate mort:rrage
<br />given by that firbt parties to some third party,# that the save
<br />shall riot constitute a defect of the title.# provided that during
<br />r
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