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80001530
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Last modified
1/13/2010 2:45:49 PM
Creation date
1/13/2010 2:45:29 PM
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DEEDS
Inst Number
80001530
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7. The :?Lyers shall not r^_n+ociel or in any rsanner charge <br />the arran~nment, archltectLral tiesifin, or build on to the presa~ <br />" structure or build or erect nev stn+ctL:res on said premises <br />without the ccsnsent of th.~ ScI.lers in writing, <br />$, It is specifically agreed by end between the partlea <br />hereto that tine fs ar. essential dement of th.ia contract ,and <br />in consideration of any payrient of Dither principal or intcreat <br />rersaining Lnpaid for a space of sixty days after the same sha11 <br />becoae due, ar of the failure of said Huyers to make any of the <br />said payments or }wrincig~al, interest, monthly payments. general <br />taxes, special assessments, or srecial taxes, or as othersriis <br />l+rovided for herein, ar the breach of any covenant captained <br />herein, this contract shall at the +~;~tion of the Sellers be <br />forfQited end cictcrr~ined, and th:. S~liers shall have the <br />right tc re-enter and take fossesafan of said premises afoze- <br />aaid. In the evenr_ o!= default es aforesaid the Sellers shall bs <br />permitted to retain all I>a}msents wade on said contract as <br />liquidated dama^es for such default together with all improvs- <br />Q meats that nay have i>ven caade tepOn said F~remises by the Boyars, <br />~ 9. It is further aFroed that no wnivsr or breach of any <br />of the covenants of this agree~`nt ahall'bQ constsued to bs a <br />waiver of any succoeding breach of the sans! eovensttt. <br />10. T;~ covenants arxi candltions of Chis ay5zeeesent hereto• <br />forts set out ahail ix~ nint?irr a}•on the hairs. administrators, <br />exccutora, T~,nl rox:resetytatives, s+;ccaasora and essigets of thQ <br />t,arties hereto, <br />11. It ie undersCooc! and a~~rcec~ that there is prcesently a <br />rcrcgaSe on such (~remis~s in favor of j:quitabla Buildinr~ and <br />Loan ~ssocintlon. The :yellers h:~Y~in shall ktCp the payments <br />on such :aortga^a ctYrrcnt ns+d a?rte to assume and 4rompletaly <br />I•s~• vf£ ouch ;aortrare whsn~vcr the cornF late obligation of the <br />:iLyazs Nursuant to this aCrcr.:.~ent has Leen satisfied and all <br />cor~sid+:ratic,n hereunder Laid try Huyers. It is further under- <br />stood Chat sis:ce therr. is sx~ch a =riertl;a~±a on the }~t~sraises, that <br />t~~~ ,~bstruot =~f 'iit2e ah~ll resin wit't the Equitat~Ie „wilding <br />sr+d Loan .+ssociation until such ~~orts;al;s is fully paid off and <br />!n C`se: ::vent the -sortgaBe is +~i+E ci L+.:f©re the Buyers have <br />iui1Z• c~~~+i~tt.i t`s¢ir +~L==i1~;aEi~.~sis !*.rrt*undez, such f+2astraet shall <br />Lhm i,e ~-lac+sd it1 ~{sczuw wilt: cite t vertar~! lati€~nal liarik t~f <br />c:rarid Islarxi, '+~?a`'era~eLa, saitti tt3e .?eel and CailtraCt is herein- <br />a5+>ve ; rovicivd. <br />12. Ii is further underatuod and spread that the Iiuyera <br />hcrrin shall receive rossession ai ttso F:remisaa on August 1, <br />lobe. <br />-4- <br />
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