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<br /> � �,_ �1 � c� D a�. .s P AGE; 2 �
<br /> e �agE fvr the sum of $49 , OOO . QO , loss if any , payable ta the parties hereto as
<br /> their iisterest may appear ; that if the purchasers fail �to pay such taxes and
<br /> a:ssess�¢�nts , or procuz�e suctz insurance and the sum or stuns so advanced , with
<br /> interest ` at n3rae pereent ( 9% ) per annum shal l he paid to vendors and this con-
<br /> t �act stzall secure the ' payment of same . The insurance palicies provided Por
<br /> �,, s . h+erein or proai�' oP such eavexage s13a11 be Iseld by the escrow agent and ;prao� '
<br /> ` a.� tim�*ly payiuent of premiums si�al � be furnished to the escraw agent befare
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<br /> �� caz�c�l �a.tion . Eserow agent' sha21 noti � y , vendors csi' fa33:ure Cr :F purchasers tc,
<br /> , ,,, , k�ep -taz�eS and insura.nae ;pRrezniums paid be�ore delinquen �t '.
<br /> 7� t „ .�, ;. : . . . . . .. : .
<br /> '� � It , is �ur,tiher agreect and coven'anted by th+� purchasers w3. th the vendar. s that :
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<br /> ; �,. � T3f�e . as , �he essence ; o � this contrac:t ; if purchascrs shal.l neg3.�et ar �ai '1 ta � ,
<br /> ,s'� ; pa�r : an� o� the montt�l� fns �tal:lments , ar any part thereaf , or taxes ; assessments , ' �
<br /> « ; : a� 'ir�surra,nce premiums when d�ze , or ' fail tc� keep ar perfarm any ;of - the other
<br /> �� '" ' terql� or ' conditions o � this agreeme:nt on purchasers par -t to be kept and pex �'- '.
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<br /> � ormed 'as here �:n provided ; tiarie being the essence of this contract , th�n and 3n
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<br /> , � - i tl� e ' event p � t'he . exercise of this option . by the vendors . and payments made in - < <
<br /> I � ' accorctan:ce with this contract shall. be forfeite@ by ' the purchasers` and retained ' �
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<br /> „'t by the vendors as the; reasonable compensa. -tion to the veridors , fcrr the fai2ure ' ; " �,
<br /> � of tkre contrae� and ' t#� e use by purchasers oi' sucts real property .
<br /> �;; � ;.
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<br /> " � It is Puxthex 3.greecl -that in case purchasers default in ; pa,yment af 'any instal - ; ' "
<br /> .£ ' lanen� payment o � taxes or as:sessraer3ts or ' -to provide iire and � c�i•na�� a�d e.:�� - ;,
<br /> ended caverage insu� ance , oz• fail to perfe� rm any of the 'covenants of this con- ^'
<br /> # �, tract , vendors; opt ion declare , the entire amount or amounts due and ' payab.le for- ��
<br /> "� ' tYiwith and recover the same �xom purchasers throughout and by any , and all re - `. �
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<br /> { � medies which tYse vendors may have at law or zn equity .
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<br /> ? Purchasexs will be given written natice of any cZaimed clei' au3t and -they ' then
<br /> � , . w3. 1T have 15 da.ys in �vhich to semecly such default . _
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<br /> � It is fuxther agreea �that the rights and remedies of vendors under this contr - ; `
<br /> ` '° " act shaZ1, be cumulative and �o rigt2t or remedy hereunder sha11 be exclusive , ,o� ; .
<br /> R any_ othex right or rernedy as provic3ed for in this contract , or otherwise ' pra- - ; ' ; �
<br /> � � vided by , law . ;
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<br /> This agraeemen �: shall �ae binding upon the ' parties hereto , their executors ; a@ -
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<br /> � ' .��.; min:ars� ra-tors , heirs , and ass �. gns . � ; , : . .
<br /> . '�, TESTIai WI3EREOF , The parti �es have : hereunto subscri3� ed th �ir names this :' ;
<br /> � �'.�' day of � ;r � ' l� , 1� � ' ,,
<br /> 7 ry� � . �.. � �. . . � � :�' �
<br /> . �.--�-:+ .. d��-v'.-2.
<br /> � ` � � ��� P �acx�s��, vErmoR �� ��
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<br /> , .,,s.._ _ : PE3RCf�A�S`E�t � VENDOR � �� � � � �
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<br /> " ` STATE OF_�/� ra -��'.� County of -11` l� ,f,�
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<br /> � � $e ��re me , a notary 'public qualified for said caun�y , personally came
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<br /> < ; Robert 3. . Baker and Judy . L . Baker � F�usband and wife , eacn ir� his or her own right '
<br /> � ` and 'as spouse of tlze other.
<br /> � linown ta me to be the identi �cal person or persons who s3gned ttie foregoing in -
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<br /> ' � ? strument < and a:cknawledged th� "exec�tiom thereof to be h� s , her , or th � ir ; vol -
<br /> � untary a�ct and deed `> /'�
<br /> „ s ' i+Titaness sny han and notarial seal n ��.�,,,1! � , lff ;`� �
<br /> � ` 1�1�11.�t�qt��r+�r - '� .
<br /> .- Notary Publ ic
<br /> � ,c � Ml+ oo�.r,.toa eommission ex res , 18�
<br /> ; ; / , � ,� ,j
<br /> STAT� OF ,�/j , :� ,� .,_ .ru , CountY of ,.j��:d;X.+� ;
<br /> ' B�f.a�ore me ,� a notary public qua. lifi:ed for said county , personally c� me
<br /> RqSs L ; Pex�'elet ;and Dorot�y ' Perrelet , hvsband and wife , each in his or her own
<br /> r2g�xt ,and as spouse oF tlxe nther ,
<br /> r � kzaowp� tt�_-, ;me . tc� be the identi +cal person or persons who s3gned the �oregoing in -
<br /> � �trument a�4c,� ac�C�owledged the execution thereof to be his , laer , or their vol — *� > �"'�;
<br />� ,z , ; ,
<br /> uastaz�y� �.�ct � and ; deed . �/ � �"
<br /> " � N'i 't�ess my' hanri and not.�.ri�l seal onJ�..�.�`.�k�� , 19� �� ,�� ,
<br /> �. a.n . . . / /'� n . � ) ' . � . . . 4�� .�.
<br /> � . .. " l� - . -� / �"�--�- _. :,._ - Notaxy Fub13c "��;
<br /> N �x 11� ommissa:o �xpires �,^~.. �`- ., -, , ,'� 9 ? ""7 "��� ."`
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