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-2- <br />IV. <br />Vendors shall, execute they warranty deed conveying said premises to Vennees <br />and shall place said warranty aced in escrow vita Tre Equitable 3uilaina and Loan <br />Association to oe veld until such time as Vennees have paid tre full purcrase yrice, <br />which purchase price includes said first rlortLate in favor of Tre Equitaole 3iu lcing <br />and Loan Association. Venoors agree to fllxnish Verdees marketable title to said <br />premises free of any liens and ercurcrances, excepting; said first mortgage in favor <br />of Trie - quitable ?uiloing and Loan Association, and Venaors agree that the 1562 end <br />all prior real estate taxes and special assessments .,all oe paid oy Venaors. It tnerf <br />is a bud,,et account oalance with ti-e - ,uitaole .3usloina er d Loen 4ssociatior, sucn <br />account balance may be assa�,red by Venoors to Vennees to toe extent necessary to <br />satisfy Vendorst ooligation to pay the 1962 and prior real estate taxes. <br />V. <br />Vennees accept said premises in sucn conaition as they rosy Eire, oralrr.Ly jeer <br />excepted. The risk of loss or darra&e to said property pr for to FEbzuazy 15, 1;63, <br />snall remain with toe Vendors. If Veraees croose to co so, they may nave tre Fre- <br />raises inspected for termites at their expense and if termites are found tre lr^- <br />k <br />Frovements on said premises will be treated at tre expense of Vendors Tencees under- <br />stand and a�,ree that no representations have been rade to trem as to tie conrition <br />or quality of said Iremises or the inpro,,ements '1�ereon and that their purcrase of <br />said premises is not based on reliance upon any representations. <br />VI. <br />If Vendees should fall to make any payment anen the same is aue, Venaors may <br />elect to declare a forfeiture of all payments made by Vennees prior to such default <br />and to declare a forfeiture of any further rifnts Vennees may have in said premises <br />under this agreement, and Tenaees agree that they will, upon 15 aays notice, pesce - <br />ably vacate said premises and turn full possession thereof over to Vendors. Teraees <br />further agree to the delivery-to Venaorsy in the event of such default by Vendees, <br />of Vendeest quit claim deed conveying oack any interests they may have in said pre- <br />mises under this agreement to Vendors. Time is of the essence of this agreement and <br />A <br />the provisions for payment by Vendees hereunder as well as all other covenants. <br />VII. <br />This agreement shall be binding upon the parties and their respective personal <br />F <br />