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<br />~. A ;7arrantY :itAed conv?ying the real estate to tfre Buyer
<br />s~~i, j~ct to existing roxis, easements, restrictions of record and
<br />nrese~nt zo.ninq lazes anc± re:julations is being executed concurrently
<br />~'itcr rile e~:ecution of this r,,q,-ee:~ent. Said Deed and- the abs+..raet
<br />sh<zll be placed in escrow :vitit the I:srrra;~r Agent hers?inaft'er namet2
<br />area upon frill payrrznt oa: all grin^iral installrent•a•and accrued
<br />.interest by t:.ha Buyer and rho r,erformance by the 3izy~r of all
<br />coven.ar.ts and conditions ;~,~i;icsT, b}' the terzres of t~zis L`onY_rac±,
<br />are to be pe~-forrae~ by tree 3uv~r, or h.ts sucoessois, nominees
<br />car a.,siuns, rite ~3uyer shall be entitled to thQ deiiv~ry of the
<br />erd anti abstract fro;^ the r:sr_ro:a ?gent hereinafter nameri. Sufficient-
<br />rrrvena_ ta; {ps shall bri i>lac~ d anon said tdarrant} Died -a t' the
<br />ex,,ensa of t!te Sellers.
<br />Iv.
<br />Remedies on Default
<br />1. In case the 3uyer is in default on any paymenfi clue on this
<br />Contract an3 fails to correct such default within lfl days after -
<br />receiving written notice, Sellers may at their option declare=:
<br />the entire balance then due under this Contract immediately due and
<br />payable. After the option is exercised by the Sellers, the.,Sellers
<br />may foreclose this Contract in the Wanner provided by law for the
<br />foreclosure of real estate mortgages.
<br />2. At any time heforn a default is declared by Sellers,
<br />~3uyer tray force rite delivery of the Deed from the Escrow Agent
<br />and cite yellers by an _ction for saecific pPrfornance if said
<br />Reed is not cieiivered after :ill pal~r-tents due under this Contract
<br />have beet rtada anti .:li c?t:zor i:orditicns and covenants have been
<br />atet by uuyer.
<br />`i .
<br />-_rn~v ~geat
<br />1. ~'it<< ,~_..,., o :ioo~: ?ti°~er is tTer~>by iesignated as the Escrow
<br />:xg t3n C. uriier _his ~o:.tr.tut. ~?.'_ ~«s ~_'.:3r ci by F
<br />;hail be aai:i one-:rrl~ isy ~ -~'` the scrow Agent
<br />f <'iiers sn<i once-h:iyf by Boyar.
<br />2 iiuor: ,>a,::~~~nt , .. _ ~.- ,.r ~ ~ Lha ;i;trc:has~ grico in full,
<br />:y i c t a l t 1 r T- r: c3; nom: ~, eetr t uy aloe iiuyer
<br />u* a,l .c:.tv..ta,.~ .y..~ ,_ _ ~r,.~..r.~~, b! _,~ _er=, rs h=reinabove
<br />_~rovTUCt~i, any( _ ~~n~_..r _ __=%;rra,.nt~c ~; ',:ite^ uyer of 311 covenants
<br />a.. con~itio.rs t~Ctica, =;acr tees of -:;is :'ontract, are to be
<br />p!arfor;tu :,}• tyre :3uy~r,~'h~~ ;a;iroly ,'`-.gent shall iieliver the idarranty
<br />ilc:ed arru aostra::t t.o t.ra vuy'ar, or iris heirs, assigns, raminees
<br />or successors.
<br />3. It is un.icrstou. that the ~'scrow .laent shall be liable
<br />as a de;;ository only oi" the deed anti .. strict hereinabove referred
<br />to, and receive all rraynants owing by i3uy2,. and Hake distribution
<br />as provided in Paragraph Z i2 if)). It isYunderstood and agreed
<br />that the Escrow ,agent shall Hat be cal2eci upon to construe any
<br />CLrttr:TCG or instru:.rents acoorpanyi n~ ttris Contract and shall
<br />uu rvyuir~,ci *_c act only ors spec ifically set for tit herein. In
<br />the event of a:Ty ciiapute Between t;Te nettles ieereto, the '.scrow
<br />=rent siTall 'have the ri=~ht to bolo' the Need ar.Q abstract deposited
<br />iTereuzi-der u..^.til its sees anti expenses, incluc.ing attorney fees
<br />if reaciuircd, :rave bee:, pain in foil: and .=.ntil a mutual a<ireement
<br />h~i bwen rE.'aC:hc`..~ ?7k't./Le.n t:"F~ U.2 L't l':'_ Jt ...:?~. i C~~'
<br />_' i ~li.vnry is lc<raily
<br />3li G.nJri;. fi:'G af; ~r.:4'r ': 7'i :. 2;7<3e Jl;:#:.J,^.iE,nt 'ilr is 'Cr:?t'. .. ,. ._. _'7~lrt
<br />U,'~. c0rt_t: tiny. ;; ur i.,u lC: t.LJ^.
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