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together with accrued interest and receiving in exchange therefor a <br />warranty deed to such real property, free and clear from all encum- <br />brances or liens incurred by the Vendors, but subject to building <br />restrictions and easements of record upon date of execution of this <br />agreement, and, further, subject to all easements, encumbrances, <br />liens, judgments or special taxes incurred or permitted by the <br />Purchasers; (4) delinquent installments hereunder shall bear interest <br />at the rate of eight per cent (8`6) per annum from maturity. <br />The Purchasers further covenant and agree: to annually pay all <br />taxes and assessments that may accrue or be levied on such real <br />property, and all other taxes, levies and assessments levied upon <br />this contract or the interest of the Vendors therein as they become <br />due and before they become delinquent, including the 1957 real <br />property taxes; to keep the buildings on such real property insured <br />against loss by fire or tornado, for the sum of $6,000.00, loss, if any, <br />payable to the Vendors and Vendees as their interest may appear, <br />that, if the Purchasers shall fail to pay such taxes, or assessments, <br />or procure such insurance, the Vendors may pay such taxes or assess- <br />ments or procure such insurance, and the sum or sums so advanced <br />with interest at eight per cent (8,) shall be paid to Vendors and <br />this contract shall secure the payment of the same. <br />As a part of this transaction to insure the payment of the pur- <br />chase price in case of the death of Benedict F. Woitaszewski, a <br />policy of insurance is to be effected upon the life of such <br />Benedict F. Woitaszewski, if he is found to be insurable in the <br />Midwest Life Insurance Company of Lincoln, Nebraska, or an alterna- <br />tive company, for not less than Five Thousand Dollars ($5,000.00) <br />five year, automatic renewal, and convertible form of policy, which <br />policy is to be issued to the Vendors herein, or the survivor of them, <br />and it is agreed when and if such policy of life insurance is secured <br />that: (1) The Purchasers as a condition and covenant of this contract <br />agree to punctually pay the annual premium on such original policy or <br />any substituted policy, and if the Purchasers shall at any time refuse <br />or neglect to make any such payments, or any of them, on or before <br />the due date thereof, it shall be lawful for the Vendors to pay <br />-2- <br />2- <br />
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