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<br /> , Page 2 KUfA—OXNER 8 SOIVDERGAARD
<br /> rIt is agreed that as soon as possible the Second Parties snall make every effort
<br /> � to get : their own loan or any other type ot financing available and pay the First
<br /> Parties off in full .
<br /> .. .Y . . . . .. . .
<br /> The Second Parties agree that they have made a full and complete inspection of
<br /> the property and they are accepting it ' as Is ' and First Parties are under no
<br /> obligation to make any aiterations , repairs or improvements to the property and any '
<br /> repairs thQreafter made snall be paid by the Second Parties . Also the First Parties
<br /> will have the riyht to inspect the premises at any reasonable time .
<br /> `
<br /> , The Firsi; Parties agree that they v�ill bring the Abstract of Title to date on
<br /> or before the 15th of October , 1970 and will deliver the abstract of title to said
<br /> ' ; Second Parties shovting a marketable legal title to be vested in said First Parties ,
<br /> free and ciear from all liens and encumbrances i�ihatsoever except as may be plaoed
<br /> or suffered to be placed tnereon by the Second Parties and they are accepting this
<br /> property subject to any easements , restrictsons , or covenants of record .
<br /> The Second Parties shall have their attorney examine the abstract of title
<br /> - ; imnediately . The First Yarties shall have a reasonable time tt,ereafter to
<br /> correct any defects , after wfiich the abstract shall be recertified if any additional
<br /> g entries make it necessary anti be placed witn the escrow ayent . If defects cannot be .
<br /> corrected , then this contract shall be void ivithout penalty and all parties shallbe
<br /> �, placed in the sarne position they were in beiore tl��is agreement was entered into as
<br /> near as possible .
<br /> It is agreed that three copies of an amortized sheet snall be gotten at the
<br /> < ` . ; equal expense of both parties and each qarty shall have a copy v�ith the '�iinkler Rcalty
<br /> Co . , the escrow agent , also having one and as the payments are made at the '+iinkler
<br /> � Realty Co . , they sha11 be endorsed upon the copy of the zmortized sheet .
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<br /> Any easements , restrictions or covenar, ts of record sna11 not he construed as
<br /> ' a breach of the 7iarranty or in violation d the contract of affect the marketability
<br /> ;
<br /> of the title .
<br /> In event of the failure to pay any installment promptly when due , or within two
<br /> months thereafter , tir.;e being oi tl;e essence , First Parties may elect to declare the
<br /> � .' entire 6alance of the principaj and interest remaining unpaid as due and payabie '
<br /> ' � f �rthwith , and in event oi failure to pay the same , shall he entitled to foreclose
<br /> '' t,`, i. s contract for the total principal amount �,vith inceresc . Any installments
<br /> ;� , ' delinquent shall drav: interest ai the raie of 9;6 per annwm if not paid prompily v,hen
<br /> - � due . In event of a breach of any oi the conditions of tl�is contrac2 , the First
<br /> ` Parties may elect to declare the entire amount due ano o�r�iny , in which evant it shall
<br /> draw interest at 9`; per annum from the date until paid , anci the First Parties si �all
<br /> be entitled to rcreclose tf� is Contract for the a:nount as iound due •r�ith interest and
<br /> 'v,. costs .
<br /> s In 'tJitness whereof , tl'ie parties i�ereto have subscribed their names the date
<br /> above written .
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