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)! , tf \ # herein contained. may at any time during the term of this lease make such payment of payments in excess of the monthly sums herein specified as . may desire, the same to he applied immediately towards interest, taxes, insurance and assessments then due, and the balance on the principal of the above named purchase price, in the order hereinbefore specified; but, should the party of the second part, or ______ assigns, fail to perform any of the conditions of this lease, at the time and in the manner specified, the fact that said party of the second part, or assigns* may have made any payment or payments in excess of the rentals above provided shall not avail said party of the second part, or _________ assigns, or entitle said second party to the re-payment thereof, or in any maimer affect the terms, conditions restrictions and covenants herein contained* Should the said party of the second part fail to make any of the payments agreed to be mad® in the febove leas®, or to fulfill any of the obligations of said lease, or of this agreement, then the said party of the second part hereby agrees to, and hereby does, relinquish all rights and interest created or eonferred by or under this indenture, and in all sums paid on said lease, and in the property above described. This agreement is binding on the heirs, executors, administrators, successors and assigns of the parties hereto} and it is mutually agreed that time is of the essence of this agreement. 30? WITSBSS HHB8BG0P the parties to these presents have hereunto set their hands and seals the day and year first above written. LAS VEGAS LAKE & WATER COMPAQ BY;___________________ *" PriildiiTST-’ ATTEST; Secretary,