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79--1 U (t 3 .~ Q 9 It is further understood and agreed between the parties that Buyer will tarty fire, wind, and extended insurance coverage on the bfrildings on said premises in the sum of $7,500.00, with a loss-payable clause to Seller, and shall furnish Seller a copy of suc8 policy. It is understood and agreed. that Buyers are presently in possession of said real estate. The parties hereto agree that Seller shall pay 1972 and prior years taxes. The Parties agree that said payments provided for herein shall be made to Seller at his residence, or such place as he may direct, in wri ti ~. It is furt;-er understood and agreed between the parties hereto, that failure of Buyer to make the payments when due as herein provided, or failure Lo pay the real estate taxes on said real estate when due, or to carry insura~e on said premises as provided herein, shall cause the entire principal and interest to become immediately due and acing at the option of sel]er, Seller shall exercise his option by giving Buyer a 60-day notice that he is declaring the forfeiture of Buyer under the agreement. Fa#lure of Seller to exercise such option upon default, shall r!ot be a forfeiture of his right: to declare such default an any subsequent forfeiture. It is further understood and agreed between the parties that 5e]ler shall execute a survivorship warranty deed to Buyer and place the same in his safety deposit ~x for delivery to Buyer when payment tae been made in full under the terms of this agreeaent, and all the editions herein co~lied with: and Seller shall issue a receipt to Buyer showing that he has said deed on file in his safety deposit box. Seller skill further, after examination of the abstract by Buyer, retain the +~irstratt until paymenia: are ode in full under this agreement. It is further u~rstcod and agreed between the parties, that-Boyer smell got be penniitted to make any improvements on said -Z-