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� , - � � ..�;a. � � � s6° 00353 � Thereafter , commencing on January 1 , 1977 , the Buyers agree to pay one - ttiaelfth ( i / 12th ) of the years real estate taxes to the ' Sellers , in addition to the principal and interest payment of � One Hundred Twenty - two Dollars Forty Cents ( $ 122 . 40 ) per month . ��a 7 . 6uyers have inspected the premises and improvements .j` thereon and accept the same in their present condition . In event " the Quyers desire a termite inspection , they may procure one at � . � ' their own expense , and in the event said inspection reveals ter - mites infestation > the Sellers agree to pay for the extermina - ' � tion . ` ' 8 . The Buyers agree to purchase Home Owners Insurance , �,;; for the above described property with an effective date of June -z' 12 , 1976 , with one year's premium prepaid with the following coverage : $ 15 , 000 . 00 coverage on the structure , $ 5 , 800 . 00 coverage �; on the contents of the home and $ 25 , 000 . 00 personal liability . '? Commencing � une l , 1977 , the Buyers agree to include in the monthly payment one - twelfth ( 1 / 12th ) of the premium payment for ; the above mentioned insurance coverage . ;<,;_:, ,,�_ : � `� 9 . Sellers agree to convey by 4larranty Deed said proper - ' ty to Buyers as joint tenants , not tenants in common , with the 1 ;; ri ht of survivorshi g p , and to furnish Buyers with an Abstract of x ° Title to said property , showing the Sellers to be the owners of , t�; ''" a good and sufficient marketable title , free and clear of liens , t `; taxes and encumbrances . 10 . Sellers agree to execute the above described Warranty Deed and to hold said Warranty Deed and Abstract of Title until completion of the terms of this Agreement . Upon completion af ` all payments due hereunder , and the performance of all of the ,., terms of this Contract , Sellers agree to deliver said tJarranty Deed and Abstract of Title to the Quyers and the Sellers agree " to pay for pocumentary Stamps as required by law for recording r; said instrument . :.:= 11 . In the event that a title examination reveals any valid title objection , Sellers have a reasonable time to correct ;' ; the same . � � : 12 . The Buyers cannot assign or transfer this Contract without the prior written consent of the Sellers , which consent will not be unreasonably withheld . '� 13 . The Buyers agree to keep the above described pro - perty and all improvements thereon free and clear of liens , taxes and encumbrances during the terms of this Contract and to main - tain the insurance coverage above referred to during the term of this Contract and further agree to keep said improvements in a good state of repair , ordinary wear and tear excluded . 14 . If the Buyers fail to make the monthly payments to - the �llers of the real estate taxes er other special assessments � ' on said property , or fail to make the monthly premium payments on the insurance coverage as above agreed , the Sellers may , at their option , make such payments and charge interest thereon at the rate of 9Y per annum , in addition to all other remedies available to the Sellers . 15 . Buyers agree to make all payments due hereunder, and to perform all of the acts required of them by the terms of this _ Agreement . In the event Buyers fail to make any payment due hereunder or perform any of the terms of this Agreement for a period of f-i-€�een (a-5-} days after the same is due or to be per - 'w4 -` a � ' . formed , th � f� ' ah�i in �§'uch event , the Sellers shall have the option iv *.rrr of declaring the entire unpaid balance then due and owing under a � � '� � ,� ., . � ��. ; - z - � � � 3 s � [ t