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8~-. t) fl ~ r 13 i. Interest shad be computed from .Sane 1, 1980. Inter- est shall be payahle each month beginning .7uly 1, 1980. The first I6 monthly interest payments shall be in the amount of $400.00 each for a total of $6,4430.00. 'Thereafter interest snail be pay- able as computed upon the unpaid principal balance as reduced by principal payments as hereinafter set forth. ii. Co~aencing October 1, 1981, in addition to the i~t serest payahle on that date, the Buyer will pay $500.00 to apply in reduction of the principal balance, and a like a~aouriC of $500,00 plus fnterest at 8 percent per annum computed upon the unpaid grin-- eipai balance on the first day of each month thereafter, and uati2 the .entire $60,000.00 principal fs paid with interest. iii. Buyer shall have the right to pay off alI or any part of the principal balance at any time during the term of this. Contract, without penalty as to interest an such prepayments. 3. POSSESSION: Buyer shall haws possession of the property. all improvements and personal property thereon upon dosing and on or before .iryne 1, 1980. G. TAKES AND UTILITIES: Seller agrees to pay the 1479 and all prior years rea estate taxes; the 1980 real estate Lazes §hali be rozated to tse da o .possession. bM~~.t~~~KL/~4~s~+K /~ ~ J~~ f) S. CO EY'AtJCE MARItETABLE TLE: Seiler agrees to furnish ~(T Buyer with an A street a Tit e s owing her to oe the owner of ~ goad and sufficient marketable title to the above property, free and c'iear'oi dens of any tcina or nature. 5elier agrees to con- vr.v the above property by warranty Deed and to pay far the expense o£ doeu,oentary stamps and Seller wl11 furnish an Abstract of Title, extended to date, showing marketable titlQ, and in the event the title axassination reveals any valid title ob,~ections, the Seller shall hors a reasonable t3.me to _orreet ouch defects and fn the evenC that sash defects cannot De corrected. all payments made her=under shall be refusxled to the Buyer. Buyer has the option of ;~aiving aciy defect in title and accepting the same in such eotxiitfon. 5. TAKES LNSURA;tCB AND DlTI'IES OF THE BUYER: Buyer agrees to pay t e rea estate taxes or t e year and ail subsequent years durf erm of this Gontract until paid in full. Buyer wf13. carry~~~lce, f~a+ssiagf.-~sy. her'stn`a8a'f casu- ~, ~ in the minimum a®ount of ~ $rc-as.~S~.,i,rr_f- ,~' /~ ~~~~3.itllr--~£--.ix~searatas4-.zc-.ha- g~}~e-„~.--~_,p,,~,. ~ / a~p~-~~weevndrr• >htyer shall furnish receipt far paid tax and tnattrat4ce to Seller at Sellers' re4uest in writing. ~- 7. ESCRO A ENT Ah'D P IPTS: The parties hereby designatBh~~8 vt s an $a~ a ror enC under t is ntra..t. "~ !bt e~euted aapy of this Contract, Fiarranty Deed conveying the ~, property ctrl the Abstract of Title to the property and ail other docwattta inciudi.ng +_nsuranee policies. shall be deposited with tba~ Fsercr Agent. Upon payment of all principal and interest due _y_