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~ ~~ ~~ ,ifw.`~~?~` at a17 times insured in some reliable insurance company or companies, to be r approved by the party of the first. part, against lass by fire far at 'least the 1 swn of the furl insurable value, and against loss by windstorm'Por at least-.the sum of the foil insurable value, payable to said"party of the first part, their heirs or assigns, and, in case of toss, should here 6e`any surplus over and above the amount then owing said party of the first part, their heirs or assigns, the balande shall be paid over to the said party of the second part as-his interest`shalT appear, and Ya deposit. with the party of the first part policies of saa~i insurance. But should the second. party f ail td pay-any item to be paid by said party under the to ,-hereof, same may be paid by first party and shall be forthwith payable with interest thereon as ;?! additional amount due first party under this contract. gut should default be made. in the payment of principa3 or interest due hereunder, or of any part thereof to be by second party paid, or should ne fail to pay the taxes .or assessments upon said land, premiurtas upon said ir~surance, ar to perform any rr either of the covenants, agreements, terms or conditions herein contained to be by .said second party keptor performed, the said party of the first part raay, at their option and upon lp days notice given by certi- fied mail, declare this contract cancellea and terminated and all rights, title and interest acquired thereunder by said second,party snail thereupon cease and terr.~inate, and all improvements made upon 'the premises and all payments rude hereunder shall belong to said party of-the first part as liquidated damages for breach of this-contract by said second party: 'he party of the second part hereby agrees to pay in the event of default hereunder the costs of collection, including reasonable attorney"s fees. Neither the extension of the time of payment of any sum or sums of money to be paid hereunder rFar any waiver 6y *_he party of the first part of their rights to declare this contract forfeited by reason of any breach thereof shall ir. any manner affect the r#ght of said party to cancel this contract bet au se of defaa,lt subsequently naturing, and no extension of time shall 6e valid unlv_ss evidenced b~, a'dult' signed instrument. 'Further, after service of notice and failure to resrove within tre .0-day poi-lad set forth herein the default therein specified, said „arty of the second`part hereby specifically agrees upon demand of said par>y ~, the firsr_ part quietly and peaceably to surrender to them possession ,a5d preo~ises Sad every part thereof, it being ^nderstood that until such default sa'd party of the second part :s to`have possession of said premises. *~ t?- IS MU7!;k[.LY ~16F';E~ by and Letro~een t?;e parties her et r, that the f.ime of payment shall be an essent~sal part. of this contract; and that all .the cave- Hants and agreements herein contained sha!1 rue. with the lard and bind the heirs, executers, administrators, successors and assigns of the respective parties hereto. iN TESTtM(JPiT WHEREiIf, the par#ies hereto have hereunto set their hands the day and year f i rst abtrve rrr i tten. -C & H PR(7PERTIES S 1 ~.._ `--~ an ae ,n e, artner $y: ~phr 3~. ~Tou ~ i er, Partner ~~ .,. -...c._z -._ . , Gary A~kle --____-._..~._ ~. **.f ais o~~ cnN part o* thc~ praparty or anyinterest t:;erein is sold, at.`nned or ~r any waJ tran_ferred ar slienatedwithout the 'ferdar`spriar written ~:bnsen*. it shay? c:onstitut< a c'efault under the tp rna5 of this 4ontract. _2_