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2. PURCHASE PRICE. <br />The purchase price for the above-described premises <br />which the Buyers agree to pay and the Sellers agree to accept is <br />the sum Of Seventy Five Thousand Dollars ($75,000.00) payable as <br />follows: <br />A. $6,000-00 earnest money downpayment, previously <br />paid; <br />B. $9,000-00 payable on Closing; and, <br />C. The balance of $60,000-00 payable in 120 <br />equal monthly amortizing payments in the <br />amount of $640.30 per month; provided that <br />the 121st and final payment shall be an <br />accelerated balloon payment 'For the entire <br />remaining unpaid principal bal - ance plus accrued <br />interest. The interest shall !-)L- c ' <br />omputed at <br />twelve and one-half per-cent (12�,%) per annu-m, <br />and payments shall be made pursuant to a 20 <br />year amortization schedule attached hereto as <br />Exhibit "A". Payments shall begin on August 1, <br />1985, and shall be paid on the same day Of each <br />month thereafter until fully paid. The final <br />payment shall be paid on August 1, 19($5, _J1-- <br />sooner paid. L L not <br />D. The Buyers may prepay upon the unpaid principal <br />balance on any payment due date without penalty <br />as to interest. Such partial pre-pa',jImen•s shall <br />be applied to installments of principal, including <br />the balloon payment, in the inverse order of <br />their maturity"z,jjth no reduction in the amount <br />nor defer-ral in the due date Of any subsequent <br />installment due herein. <br />E. All payments of principal and interest shall be <br />paid to the Sellers at their address. <br />3- POSSESSION AND CLOSING. <br />Closing ow this transaction shall be held on June <br />1985. Buyers shall be entitled to take Possession <br />immediately after Closing. <br />4. INSI?PCT-TON op IMPROVEMENTS. <br />Buyers acknowledge that they have inspected the <br />