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Said party of the second part agrees to purchase said real <br />estate from saidparty of the first part, and to pay to FOOTE <br />CLINIC, INC., as the purchase price for the same, the sum of One <br />Hundred Ten Thousand & No /100 ($110,000.00) Dollars, in payment <br />as follows: <br />Twenty Thousand & No /100 ($20,000.00) Dollars at <br />the time this agreement is executed and the bal- <br />ance of Ninety Thousand & No /100 ($90,000.00) <br />Dollars to be paid in the following manner: <br />Three Thousand & No /100 ($3,000.00) Dollars on <br />the lst day of March, 1961, and Three Thousand <br />& No /100 ($3,000.00) Dollars on the lst day of <br />March each year thereafter until the remaining <br />balance of Ninety Thousand & No /100 ($90,000.00) <br />Dollars has been paid, together with interest at <br />the rate of five per cent (5 %) per annum. In- <br />terest to be paid on the lst day of March each <br />year as it accrues. <br />Said party of the second part agrees to pay all taxes ana <br />assessments levied against said premises, including the taxes for <br />the year 1960 and subsequent taxes, before the same become delin- <br />quent, and to keep the buildings, if any, on said premises, in- <br />sured against fire and extended coverage in the sum of not less <br />than $a 9 1 9')12 ? , in favor of said party of the first part. <br />But if said sum of money, or any part thereof or any interest <br />thereon be not paid when the same is due, or if the taxes and assess- <br />ments of every nature which are assessed or levied against said prem- <br />ises, are not paid before the same become delinquent, then in that <br />case, the whole of said sum shall, and by this indenture does imme- <br />diately become due and payable. <br />As soon as said purchase money and the interest thereon shall <br />be fully paid, time being of the essence of this contract, said <br />party of the first part agrees to make, execute and deliver to said <br />party of the second part, a good and sufficient warranty deed con- <br />veying said real estate to BECK - FOOTE FARMS, INC., in fee simple, <br />free of all incumbrances except the taxes for the year A.D., 1960 <br />and subsequent taxes, upon surrender of this duplicate contract; <br />I <br />