83005085 - Laserfiche WebLink

Browse

,.,.:....;~~74i'(. -3- papers shall be completed at once and deposited Realty, Purchaser shall deposit with said escrow agent payment of the taxes, assessments and.insurance. All future payments shall be _de at Town & Count):yRealty. Preliminary closing of this contract shall be on Marchl, 198~i final closing upon performance of all conditions and releasee! deed. Upon payment of all amounts to be paid hereunder by.Purchaserj upon Purchaser fully complying with all the other terms and prov:fsionsber'llof,' Purchaser shall receive the deed for said property, which shall warrant the title as of the date of tlds agre<l1llent, and shall also wa:rrantthe title as against any encUlllbrances or liens made by Seller after tbe dBteof this Agreement. Purchaser shall also then receive the abstract or title and the insurance policies and the escrow shall then be closed. Should Purchaser fall to make ,'ny of the paymean herein provided for vben the same becOlll8 due and payable for a period equivalent to two (2) _nthly Installlll<!nt.s. or sl\ould Purcha"er fail to comply with any or all of the ot.ber tenlllil and provisions herein set forth to be performed by Purchase,r, tben this agreement shall, at the option of Seller, become null and void and upon notification to Purchaser hy registered or certified l1lllil of Seller's election to void this nmtTact, Purchaser shall vacate the pr(.'!l1ises within f1fUen (15) days. and all rights and interests hereby created or existing in favor Qf or derived from Purcha,..,r shall absolutely cease and tendnate, and the rigbt of po$...",sion 'ind all legal and equHable Int"rest in the property hereby contracted or created luneundur "hall revt!.n to aud revest In Seller without an)' further d~hr..tioll of forfeiture or ""t of ""-'''ltry, aud without any othar act to bu perforNd by S"l1er. all absolutely and fully as if this agreement had lutV'or been llI11de, and all iUlWutlts paid by Purchaser hereunder sball be for- feited to Seller as iiquidated dam4&ea and as rent for said property. ShoulJ Selle I' f..U to furnbh llHIcchantable title as herein provided ",lthin a reasonable t.1llli!. or $hould Seller faU to pedotlll any of the otl~r provlaions herlWf before Purchasllr take.. l",..aellsion, thell the dawnpayment ..ade by Purcnaaer hereunder ahall be return$d to Purchaser. It 1,,; he ruby understood and agreoo that tbis is a contract to sell and shall _t hecOl1le a final sale of aubj""t real propJilrty until Purchaser has coapleted perforaance of this contract by either payment of tbe entire ba14ACll ill full Or by paying the eun ent difference between this installment sale co;u;ract and the ""htiuS Hut lIl<>rtsa<;e (if any). In the event the Purchaser el~ta to pay the differeuce and assumes the first mortgage (if any) it shall be the $Ole re.sponsibility of the Purchaser to det"rlllin", th", tertllS .and conditions of ~h assuaptlon. Until .\lclt t"- a.. the ..",le intended h"nin is cOlUpl..ted and d....,". lIiUler allall r_!n lUllely l1abli! to the Hut mortgaiee (if iUly) _,AU p;J!:'ti811 asree that no technical sale ..ball occur until the term.. of tllU contract to sell hAvebeel1 1II<!1' in foUl. In the event the f .trst llJ\lrtgagc 1uI141$lC1I 14",,14 "" full at llI11yUIII<!, S"l1&r shall be liable for auy pupaYl",:mt ~lt-Y (if~). Sllllvr llIllY r.....,rts..l/,.. said PCOj><iltty at anytime w1th tll", wt~tt"aJitP~l of tt.. t>u1'<;:baaetf< lUl taall t"'1',," and conditt"u.. theretu,