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85-0045JA <br />that in the event SELLERS fail to wake the parents when due, BUYERS nay <br />make said parents and apply the said sums on the mortgage and they shall <br />be credited for such payments under this agreement. <br />IT IS FURTHER UNDERSTOOD AND AGREED BY THE PARTIES that BUYER <br />shall have the option to make larger payments in sultiplas of $100.00 <br />or more on each principal payment date, and that they any pay off the aforesaid <br />mortgage to the Home Federal Savings and Loan Association in the name of <br />s <br />SELLERS, at Rey time in full and be credited with such payment against the <br />f <br />balance owed by them under this agreement. <br />IT IS FURTHER UNDERSTOOD AND AGREED BY THE PARTIES that BUYERS <br />will make the payments as herein provided on principal and interest at the <br />residence of SELLER and will pay the real estate taxes when due May lot and <br />September lot of each year and the insurance payments as herein provided, and <br />that failure to make sucb payments shall cause the entire principal balance <br />t <br />' to became bosediately due and owing at the option of SELLER, and the failure by <br />i <br />SELLER to elect to declare such default on any one payment date shall not <br />i <br />prevent SELLER from declerAng a default on any subsequent payment date. <br />IT IS FURTHER UNDERSTOOD AND AGREED BETWEEN THE PASTIES that <br />I <br />SELLER shall execute a survivorship warranty deed and place the same in <br />*screw with E. merle McDermott, Attorney at Law, to be delivered to BUYER <br />upon fulfillment of the conditions of this agreement. and payment of the <br />jconsideration, together with interest, in full. <br />IT IS FURTHER UNDERSTOOD AND AGREED BETWEEN TRY, PARTIES that <br />SELLER shall furnish BUYER an Abstract of Title showing good and sufficient <br />i <br />marketable title in seller subject to the aforesaid mortgage owing to the <br />Home federal Savings and Loan Association and BUYER shall have 20 days in <br />B <br />which to sammise the sans, and if they shall sake any valid objection to <br />title within that time, then SELLER shall have reasonable ties in which to effect <br />t <br />i a good title. The Abstract. after examination. shall be delivered to the dome <br />federal Savings and Loan Association* and upon payment of that mortgage shall <br />j be delivered to S. Marl* McDermott. as Bscrowee until this agreement has been <br />completed in full. <br />P4 <br />n <br />f � <br />