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<br /> . Fsdi�aY tianA �nk an SE�I,ER� first mortgag� �to suoh„Fd�ler�l I,�nd '�'
<br /> Benk ehell bo mada in the manner heree Pter �xovid�� to �nd thrau�h .
<br /> the Eeorow llgent� �end shel�. be dietributsd nr peiid out by th� 8�- �� '� ��
<br /> crow Agent. At the� preeenti tima, payment� due by BUYERS to SE�7LTTt3 � `
<br /> es hereefter provided wi11 beoome due aa a� Maroh let of each.yee�. • •
<br /> but pa�aenta by SEI,LEAS on the 7�ederel I,and Eank Sirat mortg�ge at ': � �
<br /> p�88ent ere due in December of eech year. Tha SELLERS have been � �
<br /> arally advised by the Fed�xa]. I,and Berrk that begixsning in the yeax �� ' . . '
<br /> of 7.974 ad�us�ment fn the payment date oan be ohax�god froua Dec�mber
<br /> to Mey, and euoh chenge should probably b�. thixe ma8e. In axly event, � �
<br /> � the Eacraw Agent ehould maka the above end eny euoh ather paymen�s �
<br /> he ie to make on behalf of the SELLERS es soon es possib�.e efter he �
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<br /> has funds avea�labls far suah purpoae so that the funds available to
<br /> SEZLERS wil.l be uaed or available for investment in the moet effaat-
<br /> ive menrier poaeible, and the Eacrow Agent ehell aot aocordingly.
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<br /> �t` �, ,3. ',� �S� �9 3 (b) The down pa�ent by HUYERS to SEI�LERS oa thia aon� • ' ��'
<br /> "' �' traot shall be the eum of TWENTY THOUSAND AND NO/10� DOZLARS �
<br /> �j 3�f$2G��Ot3.t7�), wlziah sum sha3l be payabZe for�hwi�la upon the a�prov- � ----� '-
<br /> '�;; � al of �itle end the alasin� of thie sale transect3on; thereafter� '. , ��
<br /> the total remainang amount due an this oontraot, including prinei- � ,
<br /> , ,•:� . .., . pal and seven and one-half per cent (7��) interest, shall be div3ded �
<br /> ; by fifteen, and suah amount sha11 oonstitute the amount which the
<br /> � ��- u firat of suoh �ifteen
<br /> _ BUYERS shall annually pay to SELI,ERSD� r�eY�r-�� �
<br /> � •» ' � equal. installments shall be paid on , 1�74, exoept es changoe •
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<br /> are herea�ter authorized.
<br /> �• .��`�R: �, (c) The total unpeid ba].anae on the prinaipal of this '
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<br /> �;.:,-}t,�.:.���,:;F; .. contract ahall bear interest on the unpaid balences at the rete of :
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<br /> k=•�'�� ������ seven and one-half per aent (7�o) per annum, payable annua].ly�
<br /> :.s. ;
<br /> ".,.':;:1;;;, � � froa alosing date unt11. due date. All addit3.ona1 obligations,� if
<br /> .r,, �; any, shal� bear interest at the higheat lega2 rate from due dat8 h
<br /> ���_ � �'„�� until aid. •
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<br /> � . (d) Unless partiea otherwise agree, all paymente herein .
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<br /> provided sha1.1 be made by �UYERS to the Eecrow Agent for and on be-
<br /> � half of the SELLERS. The Esarow Agent shell invest and koep in-
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<br /> ' � '''!� vested a11 aurrent funde not required for 3mmed3.ate usage, but deemed �°�• �
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<br /> �';;;;.: •� � � _, ,,- neoessary a$ a reasonable reserve from whioh the E$crow Agent 3.e to �`�''�
<br /> �, ' make the paymente herein direoted, 3.n a savings account in 3.te own � �`
<br /> � inatitution or in such other investment as may bear a h3�her rate
<br /> . � ' of interest, in the Escrow Agent's discretian, and all addi.t�.onal
<br /> -- amoun-cs yne �sorow agenti shaii pay fortnwi�tn to yorotny A. UehlS.ng,
<br /> � � or as ahe may otherwise, in writing, from tfine to time, direot. The
<br /> �� � Escrow Agent shall deduct from the first payment of $20,000.00 the
<br /> • sum of �500.40 wh:�ch sh�I]. be held duri.n� the 13fe �f this Qontrect
<br /> � and used as a reserve fund, out of which it ahall make paymenta it
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