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T� � �. I^�� � . .. :�M <br />:_� r --� <br /> �� 002J1U <br /> :. ( installment and the balance of the payment to principal , with <br /> said ntonthly payment to include both principal and interest. <br /> Attached hereto marked Exhibit °A" is a schedule of monthly pay- <br /> ments showing the amount of princi�al and interest for each pay- <br /> ment. � , � <br /> 3. Option for Earl.Y Payment. The Buyers are given� ���:,�'. <br /> , on any montbly Pmt. r e,�,\'� <br /> the option of making additional payments,or of paying off the ��� <br /> entire unpaid 6alance on July lst of any year during the term <br /> of this Contract, without penalty, provided all required payments <br /> have been paid and the Quyers have performed all of the terms of <br /> this Contract. <br /> 4. Possession. The 5uyers shall be entitled to pos- <br /> session of the premises and improvements upon closing on or be- <br /> fore June 1, 1976. <br /> 5. Inspection and Improvements. The Buyers have in- <br /> ' spected the above described property and iinprovements thereon <br /> � . <br /> and accept the same in their present condition with the under- <br /> standing that the underground sprinkler system will be in work- <br /> ing condition at the time of closing. <br /> 6. Marketable Title. The Sellers agree that they are <br /> the owners of a good and sufficient marketable title to said <br /> � <br /> premises and agree to convey the same to the Buyers as joint <br /> r , <br /> �' ' tenants, not tenani:s in common, by !Jarranty Deed, free and clear <br /> � <br /> of liens, taxes and encumbrances. Any mortgage or encumbrance <br /> against the property will be paid in full by the Sellers prior <br /> to the final payment due hereunder. The Sellers agree to furnish <br /> the Buyers with an Abstract of Title to said property, extended <br /> � to date, and the Buyers shall have a reasonable time to have said <br /> � <br /> Abstract examined. In the event such title examination reveals <br /> any meritorious objection, the Sellers shall have a reasonable <br /> time to correct such defect. If the Sellers fail or refuse to <br /> —�� ,.. ��;� <br /> correct any defect of title the Quyers shall be entitled to re- �"�`� <br /> cv•:w:. <br /> scind this Contract and have refunded to them all payments made � � � <br /> TM :' <br /> us :: <br />�, <br /> x� <br />_`��' -2- � <br />:,.� <br /> � <br /> s <br /> � <br /> i <br />