Page 92

payment of which has been postponed during the life of such surviving spouse, in determining the 80% equity requirement provided by this Section. (4) That if the taxes due, plus interest, are not paid by the heir-at-law, assignee or legatee or if payment is not postponed during the life of a surviving spouse, the deferred taxes and interest shall be recovered from the estate of the taxpayer within one year of the date of his death. In addition, deferred real estate taxes and any interest accrued thereon are due within 90 days after any tax deferred property ceases to be qualifying property as defined in Section 2. If payment is not made when required by this Section, foreclosure proceedings may be instituted under the Property Tax Code. (5) That any joint owner has given written prior approval for such agreement, which written approval shall be made a part of such agreement. (6) That a guardian for a person under legal disability appointed for a taxpayer who otherwise qualifies under this Act may act for the taxpayer in complying with this Act. (7) That a taxpayer or his agent has provided to the satisfaction of the collector, sufficient evidence that the qualifying property on which the taxes are to be deferred is insured against fire or casualty loss for at SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468