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�� - r ---1 76- o- 1466 andsuchpayment appliedon such interest , the remainder of such payment being applied to the direct reduction of prin - r cipal . BUYERS shall have the right to make addi - tional payments of principal on any in - staliment payment date after five ( 5 ) years from this date without penalty . In the event that the BUYERS desire to make pre -payments of principal during the first • five ( 5 ) years from this date , the BUYERS agree to pay a pre - payment penalty on the " H. . balance due and owing of the loan on the schedule as follows : ( a ) within four ( 4 ) years , one -half of one percent , ( b ) within . ` three years , one percent , ( c ) within two years , ten percent , ( d ) within one year , ' fifteen percent . Each payment shall be made to W . Howard Bonsall and Hanna Bonsall , or the survivor o f them , or to whomever they shall direct , in writing . PAYMENTS TO BE MADE INTO ESCROW . On each principal and interest payment date , the i: BUYERS shall also pay one - twelfth ( 1 / 12th ) o f the estimated annual real estate taxes and one - twelfth ( 1112th ) of the estimated annual insurance premium to the SELLERS and , . the SELLERS shall hold such amounts in escrow tc be used for the payment of real e state taxes and insurance premiums as they come due . It is understood and agreedtahst the estimated payment for real estate / anc� . insurance tc be placed in escrow shall commence with the amount of .$ 98 . 02 per month . Such amount shall be adjusted up - wards or downwards as it becomes apparent that either more funds are needed cr there ' are more than sufficient funds to satisfy the obligation . At any time that there is _ not sufficient funds held in escrow to satisfy the payment required to be made on taxes or insurance , upon ten ( 10 ) days demand by the SELLERS , the BUYERS shall e pay over to the SELLERS an additional amount to meet the required payments . ABSTRACT OF TITLE . The SELLERS agree to deliver to BUYERS , at . their request , as soon as practical after the execution of this contract , an abstract of title to said premises for examina - tion by BUYERS or their attorneys with the understanding that upon completion of the examination of said abstract , it shall be 4 ` returned : to the SELLERS or as hereinafter set forth , and it being Eii4sf . I . • # - 2 - �3