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r <br />85--- 002127 <br />$13,000.00 together with interest on the unpaid principal balance <br />on the lot day of May, 1980; <br />$13,000.00 together with interest on the unpaid principal balance <br />ea the lot day of May, 1981; <br />$150000.00 together with interest on the unpaid principal balance <br />on the let day of May, 1982; <br />$159000.00 together with interest on the unpaid principal balance <br />on the lrt day of May, 1983; <br />$15,000.00 together with interest on the unpaid principal balance <br />on the let day of May, 1984; <br />4394M.0 tosetbar with Inowen 4* <br />*a the lot day of Icy, 1985; <br />$13,000.00 together with interest on the unpaid principal balance <br />on the lot day of may, 1386. <br />That the buyers shall have no right of ,re, a a gat of any unpaid <br />principal balance without the written consent of the seller, <br />William Spread t . <br />That all payments due and payable hwreunder shall be paid to the <br />sold tiilliam Behrendt. <br />s <br />Parties agree that if this agreement is ever construed as a security <br />arrangement only, and as a result taxes accrue ullon the indebtedness <br />bereia that if the value of said land is reduced by such indebtedness, <br />directly reducing ordinary real e4tAtO taxes thereon, then and only in <br />v M 401 ;JWk-MOM.. <br />Sellers specifically agree not to convey or otherwise encumber said <br />real estate during the term of this agreement. <br />Sellers agree to furnish a merchantable abstract of title of record <br />sa soon as possible and submit the name to the buyers for exaninsitlen <br />and approval; upon notice of defects, the sellers shall have a reason - <br />stile tine to perfect any defects in the title. <br />Sellers further agree that they will pay for all necessary revenge <br />stamps or state docurmmury stamps on said deed of conveyance and <br />further agree that tie costs of such revenue stamps or state documents <br />sisaw stall be withhoU frem ...t <br />esatract. <br />General ?aces for the year 1975 and all prior years shall be paid <br />by the sellers; 1976 and all subsequent real estate taxes thereon shall <br />be palm by the buyers. <br />Piles further agree that this agreement, a warranty dead from the <br />sell r to the buyers, and the abstract of title to said real. estate. <br />k <br />aN <br />