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upr000018 8

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upr000018-008
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University of Nevada, Las Vegas. Libraries

1 .'..1 Should the party of the first part, during the faithful performance by of all covenants of this lease,, desire to purchase the said premises, then the said party of the first part agrees to sell the said premises, to the said party of the second part, at any time during the faithful fulfillment of the terns of the above lease, for the sum of __________________________________ Dollars($ ____ ) , and interest from date, at six per cent per said annum, together with all sums which the party of the first part may have paid for taxes, insurance and assessments, of whatsoever nature, and interest on all said sums, at the rate of six per cant per annum, computed on balance due at the end of each month. To determine the amount of the purchase price remaining unpaid at any time, all amounts paid as rent shall be credited as of the time of payment in the following order - to the payment of interest duo, taxes, insurance and assessments, and the balance on the amount of principal. And the said party of the first part, on receiving payment Of said principal sum and interest, and all taxes, insurance, and assessments, and interest from date of payment, at the times and in the manner above mentioned, agree to execute and deliver to the said party of the second part, or to _______assigns, a good and sufficient deed of grant, bargain and sale, subject to the res* tFictions herein contained in paragraph (C), as above provided, re!ative t o Intoxicating 1iquors• Should damage by fire occur during this lease, all money received from said insurance shall be applied to repairing said damage by fire, or on the purchase price, at the option of said party of the second part, and aforesaid lease shall continue* in force the same as before said damage by fire. It is mutually agreed and understood by and between the parties hereto, that if said party of the second part or assigns, faithfully perform all of the covenants and conditions ?4—