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F 7 3. Time is of the essence in making of such payments and in the event that any payment is not paid by the 10th of the month in any instance, then interest at the rate of 15% per annum shall be paid on the late payment from the due date until such payment is made. 4. Each payment s�all be made to Merle L. Moore and Dorothy K. Moore, or the survivor of them, or to whomever they shall direct in writing. The Sellers agree to deliver to Buyers, at their request, as soon as practical after the execution of this contract, an abstract of title to said premises for examination by Buyers or their attorneys with the understanding that upon completion of the examination of said abstract, it shall be returned to the Sellers or as hereinafter set forth, and it being understood and agreed that upon notice of defects in title, the Sellers shall have a reasonable time within which to perfect the same. It is understood and aqreed that the Sellers shall have an obligation to bring the abstract of title up to date only once and not again upon completion of all payments hereunder. IT IS FURTHER AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS: 1. The Buyers shall pay all general taxes that may be levied or imposed upon said property subsequent to the year 1983 and to pay all installments of special assessments or special taxes or liens becoming due or delinquent after this date and keep said premises insured covering both fire and extended coverage insurance, with loss payable clause attached directing payment in the event of loss to the parties hereto as their interests may appear in an amount at least equal to the principal amount due the Sellers herein. 2. The 1983 taxes shall be apportioned between the parties herein, with Sellers paying 4 /12ths of such taxes for the year 1983 and the Buyers paying 8 /12ths of such taxes for the year 1983, with the taxes to be computed based upon the taxes levied for the year 1982. 3. The Buyers shall keep all of the buildings and fixtures on said Premises in good repair and maintain all of the facilities on said premises in good workino order. The said Buyers agree that they will not deposit garbage or other offensive matter on the premises but will, at their own expense, :,eep said premises and property adjacent thereto continually in neat, clean and wholesome condition and will keep any sidP,:alks near said premises cleared of snow and ice or other ob,jectional things as the City Ordinances or authorities or good safety practices may require. It is agreed that the said Buyers shall be responsible for the upkeep, repair or replacement of all water lines, sewer lines, water pipes, gas pipes, plumbing, hydrants, windows and in general everything located on said premises. ra i