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~, <br />~, <br />title Ln sand real estate withir, 2Q days of receipt of the ~bsiract <br />of Titla or Title Insurance SincSer. If there are defects in title <br />~vhich can be corrected, S~.l?ar steal! have a reasonable time in which <br />to cure said defects at.~.eller's expense. if there-are defects in <br />titre which cannot be corrected, this Aareauent sha1T- heCbrre null <br />and void, and both parties shall be-released<fr~n their cavenar,ts <br />ar.d otlicat#ons hereunder, and all monies previ©usly IFaid ty 3uyers <br />to ~:eller shad"be returned to Iluyers. <br />4. i:isisrance. As of the date of possession herein, buyers <br />agree to insure an :keep insured'tha improve,-rents on :the`r~at estate <br />in a .,.ini~:ur cfi-Twersty-.six Thousand (S?~,E'Q^.00~ ~otlars anainst fire, <br />wir+d, store, hai?'and extended coverage payflhle ta.5eller and Buyers as <br />their interests. i~ay appear. dill insurance payments stra~l be ^lada by <br />Euyers ~trectly and such.irasurance shall be obta#ned fror.~ a company <br />acceptable to Seller hereunder and buyers shall furnish Seller with paid <br />receipts shotivinc proof df coverage at least l4 days-prior tc the expiration <br />date. In t??e .anent t4tat E3uyers fail to ,~saY,e the payments as set forth <br />nr•evicusly, then Willer may pay sac.h ~l^~ounts as they:shall '~econe due and <br />advance the sane on half of buyers. In the event o{_ such advance, a?1 <br />such :?oni25 Shall draw interest at tie rdte of lf~ ~nr ar?n,.rn until ,~aic. <br />~~eller agrees that in the went of loss, prcroeeds to 6e rtiti~ided be~`ieen <br />'ogees ar~C Seller as their respective interests appear. ,~is:paranrat~h sha?1 <br />.ct is an assi,nraent of sane upon presentatior= to an insurer c,f sari <br />~. rossession. It is aereeC that '3uy2rs shall have aassessidn <br />~.f ~he rnai estate on April l5, 1g3~, the gate of closing and u;.tiers <br />.shalt ^.~; entitled to retain aossess#on so long as tt:ey corpl~v v,ith the <br />*erms ~rf this ;,areertent. <br />6. Persorsal ?e resentative's "eed -Escrow. Seller and ?ogees a~r~e <br />thafi ~eii*_urgr ' :,ea ty sha serve as escrow anent €an er thi's ~,~mer:ent ~.rpon <br />the fo7lcY;ins terms.. and cond#tior::s: <br />a. Seller agrees tG execute a Fersonal':?egresentative's deed <br />^OnvPyinr, its irate rest in and tc the above descr#!3ed real estate to <br />::,t; `!nr free and clear of all-liens and u_nElriflbl'anGeS ?7CCeDt 2asei~en t5 <br />and res*_ric*.#ens of record, if any, and to deliver said deed to the <br />dsorc+~ =rrfirii and to d9reet said hscre~,r ae~enL to deliver said ?flrst-nal <br />°eprtsentatiut~'s deed to Buyer :;^an ^er#tsrmsance-of the terns of this <br />~rPQfiP.nt by +!'e '^;~tye:'r> <br />.r '.'ell:~r acrees that `h~: 25ce-avr egerit shall deliv?r two <br />3'er,orai =ePrnsentawivr~'s 3er:d Lo 3uy;er ~t~~5uch ti;,e~.as >~~ cut- <br />standirq balance due ~,ereulder has been paid in-full by Buyers <br />tc `r? 1 er. <br />~. del =,er and Buyers agreet!~ata71 stag-dUear!?antary <br />_- Std11~5 35SeS5£d ill C^vP:nefii0n t'1th the 'llln(} O° thE) ~^?''.' <br />shall to naidt.y ~e?lee. riling fees for recor~'int: of they <br />deed shall ±,a ~:ai~t «y 'suyers. °uve!'s v.il' be Given creditf~r <br />the doctuneniary staam at the ti,.~e of closing. <br />