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But should default be made in Ibe payment of principal or inletett due beieui.dcJ. or of any part ibeteof. to Le*by <br />aeeond parl__lPS j aid, or sbould —^^^y----------f»«l «o pay the taaer or astesiment. upon said land .pieniiums u|^n said <br />Insoiao.e or to perform any or ’eilber of the covenants, agreements, terms or conditions bMCin eonlamed. to be by saifl <br />recond parl_leS lept or ; e.formed, the said part Ips- of the ‘•.Mt part may. at thCiT ._*cplion, by wrillen notice <br />declare this contract cancelled and terminated, and all rights, title and interest aerjuired thereunder by said second <br />parl._lC^ shall thereupon tease and terminate, and all improvements made upon the premises, and all payments made <br />hereunder shall belong to said part-lcS. of the first part as liquidated damages for breath of this contract by said second <br />par*-lcaL, said notice to be in accordance with the Statute in such case made and provided. <br />Keither the eaiension of the time of payment of any sum or sums of money to be paid hereunder, nor any waiver by <br />the pirt -lcs. of the first part of-UielxrighlS to declare this contract forfeited by reason of any breath thereof, shall ia <br />airy manner affect the r^ghl of said part leS_ to cancel this contract because of defaults subsequently maturing, and no <br />Olension of lime shall be valid unless evidenced by duly signed instrument. Further, after service of notice and fa«1«*'e «o <br />• emove. within the per .d allowed by law, the default therein specified, said part Jes. of the retemd part hereby spcc.fitally <br />__ upon demar.d ol said part_lejL of the first part, quietly and peaceably to surrender to posses-, upon drrr.aiid of said par!-..oi me msi pai^ quictijr ^ ^ j t j <br />tioo of said premises, and every part thereof, it being understood that until such default, said part-------- of the second <br />- fo have possession of said pfcmiset. <br />It i< i?Tutuanj» 9grrrb. By and letween the parties hereto, that the Urn* of payment shaU te an <br />essential part of this contract; and that all the covenanU and agreements herein contained i.’ T»» -un with <br />the land and hind the heirs, executors, administrators, successors and, assigns of the respective parties <br />hereto. <br />In tCeifttmonif VBbttttf, The parties hereto have hereunto set their hands the day and year first <br />above unrittose. <br />^ V** 4 • - ' <br />• ..r.'-.rr*.':’. i ------ > <br />fttate of iHtnnef(ota <br />CauMJty of—Hexmep'i-K <. <br />The foregoing instrument uae acknoudedged before mr '?. <br />this__hStbday «/.------Hay-7y__78_ <br />Richard Lee Prious and Brent Ua.PrliBus <br />LINDA M. SHEmdOEN <br />*HENNEJPIN COuS? <br />>lyCsiwwu^aagm^m»ewg\Wi <br />IMAMS or rUSON ACKNOWSeOCIDI <br />ISICNATVtl or rSBSOM 7Al IMC ACENOWLSOCMBMn <br />THIS INSTRUMENT WAS DRAFTED BY -*•' <br />PMMtIS. PRIMPS t PRIMUS_________. <br />liStaxy„P.ublic,Hennepltt. Connty.Mlnnesota — . <br />urns ot BAWKi <br />ify commission expires Hov« 21,1984 _ <br />432 Midland Bank llda. <br />pflnneapolls.Minnesota 5ftiHi * <br />IftSIb—Cartifical* of Ac <br />0talr Mf Minneso ta h» Aoooo^ <br />. • . • . . I * cv f <br />County of—H*£*2SEi=----;—-------s, : * e, • *v >. - <br />The foregoing butrument.wataeknoudediitd before nts *.r - -jr-_- - .. <br />/. w, , ..4 .J.. <br />this ..^^iJSL.day ...... <br />• • •. . N • • A <br />* .. <br />%♦ ' <br />JPJ®.• *f I ** r « <br /><Noury labile)y «iBA \ Panoa TaUas AckaowladBaaal} <br />Mata/y Saal MSlamai <br />Robert Oove <br />Kr 'iD.’T'.l 5f'lon pyilrr*!: Vp.rchJ^.. 1965- <br />A <br />i