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<br /> Pirsl; Yarty � freo atid cl. oar from all liens :uid c�iicumUrances i�i�+itsoever e�cept
<br /> as mt�y be pinced or suFf�reci {. o U� placcd i:hercaon by l•ho :�econd Yari:le.� and
<br /> i i;liey are acceptin� this property sub;� eci: to any �asement.� , ru3i;rictiuns � oi•
<br /> covenants of record .
<br /> Ii� i.:, r�;read thnt the Sacond Parl:ies a�3ru � Lo refznancc� tlie property
<br /> as �oon ns fiui�nci�� 1s uvailublo within a pr.riod of two { 2) yet�rs trom dsi.c:
<br /> of this agreement if passiUlo .
<br /> Ar�y �uc�ements , restrictions or covetirjni, :� of rt;cord stiall nnL be
<br /> construed as a breach of the warr�nty� or i.n vial ��tion ol' the contraet oz• af£ecL
<br /> t,hc markatabitii;y of tii;lo .
<br /> Th� 5econd Yurties sh;itl have 1:h�ir att;orney c�xi�mine the r.ibsi:r2ct
<br /> <' � of title inmiediatc3ly . `!'he Pii•st: Fari.y ;;ha].1 havn a re ;isonab). e L:imu thoi•�afi:c�r
<br /> to correct Uny defects , nfter ��rhich the abstract shi:ll. be recertified iS aT�v
<br /> additional. entriecs m:ilte it n�cessr:i•y �nd ba Pl.acr�d H�tli the� e5cro�,� a�en4. .
<br /> lf defects cr�inot be coi•rected , then tltis cantr�r.t. :;hL�11 Ue void wiCliout
<br /> pen�].ty nnd u11 parties sh111 be pl.aced in the srime po:;ition they ,Jere in
<br /> before this agreement i,ras entc+i• ed ini: o a:s ne:u• ao Possible .
<br /> ; It i:, agreed that tti+o copies of an amorti��ed 3heet sh;iLl. be gotten
<br /> at the ec�uxl expense of both parties and each Pcsrty shal.]. tiaive r� copy w.ith
<br /> the lJinkler Realty Co , � t.he escrow F�g�n{; } also f13V.Ltlf,' one and as L}io p;�yments
<br /> ;: ; are made � as they sha11 be endorsed uprn � i.he copy o� ;,ho amortized sheet .
<br /> The escroti•r fees foi• serving as escrow agent shrill Uc spl.it ev�nly by both
<br /> ptu�ties on �n evon Uasis .
<br /> � ' Tn event of ttie £ailure {; o p:�,y at�}� ins ;;aLl.ment prompi�l5� �ah��n due
<br /> � oi• within two months thc�reaftei� , time being of es� ense , i`Lr. :3t Purty rn�y
<br /> � tlect to declare the entire o£ principt+l and intcresi, r•�r.u.tintng unpai.d as
<br /> ` due and p�yable Sorthwi.th , and in event of failure to pr+y t,he sarne � e+hall
<br /> � ' Ue entitled to foreclose this conLract For the t, oLsl pi•incipal amount wit•13
<br /> ? I interest . Ai�� instaLlments delinquent shall dra�u interest, at tlia rate of
<br /> 3 10;,,j� per annum if not pai.d promptly when due . In event of a br�ach of the
<br /> r: conditions of thi3 contrnct , the Fu�st Pzirty may elect to declr�•e i,he enLire
<br /> ;c ; amotuit due and owin� , in •.�iLich event it aluill draw interest at 101'N from the
<br /> date until p�ti.d , and the First Yart,,y shc�ll be erititled to toreclose this
<br /> Contract for the zunount z.� fout:d ciue with interest ruui cosi. s .
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<br /> This contrac{; is le�?:il. nnd binciin�; upvn the t�eir� t;nd r� ssi�;n� of
<br /> both p�rties . It is :il. so t�reed that this r, ontract caruiot be a � signed to
<br /> ` ` anoi;her party without the approval. oi thc i�irst Party .
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<br /> - In tritness whereof , the P;Lrties hereto hnve subscril�ed their nar,ias
<br /> � the dnte ubovo �•i{,ten .
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<br /> ; Flortl�a Nieloon , Yy�ty oS thc� i�irsis Pari: .
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<br /> � }:�ILIll'yll 5 . lit� ' � } Yari;y o£ tlic 5ecc�rld Pru•t .
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<br /> ' ,`•"r.�z�Joric �o�iLh , Party of' tho Second YarL .
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