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Fiv© hundred (#500.00) dollars upon the execution and delivery of this agreement, receipt whereof is hereby acknowledged, and the balance of thirty-five hundred (#5500.00) dollars on or before the 23rd day of June, 1917, with interest on said deferred payment of thirty-five hundred dollars, at the rate of six per cent per annum from the date hereof. agreed that the said party of the second part may after the execution and delivery of this agreement, and at all times during the term of this contract, while, when and so long as he shall not be in default in the performance of any condition or the making of the payments herein provided by this contract, enter into and upon the said premises and the whole thereof, and shall have the exclusive possession thereof. It is stipulated that while this agreement is in force and effect the party of the second part shallfpy all taxes and assessments levied or assessed upon said premises, or upon any improvements or structures placed thereon, during the year 1916 and during the term of this contract, on or before the date they become due under the laws of Nevada, and shall not permit the same or any part thereof to become delinquent; and while this agreement is in force and effect he shall also pay and discharge when due, all demands for labor and materials performed or Used in the making of any improvements upon said lands, so as to relieve and keep clear the said premises and every part thereof, from all laborers, mechanics or other liens whatsoever, and shall not in anywise encumber or cloud the title of said party of the first part to said lands. It is further agreed and understood, that in the event of failure of the party of the second part to make any payment of principal or interest, or both, herein provided for, or to keep and perform any of the conditions or agreements to be kept -2-