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<br />Viable an sotsthly pmy~ents €ommEncinl; ?~ovember 1,1481, and <br />tby first ~sf esch month thereafter, in the awouat of Three Hundred Ninety- <br />B?x Dollars ,~ Three Cents (5395.03}, which represents a principal and <br />interest payment on Thirty-eight Thousand Five Hundred Dollars ($38,500.00) <br />financed at txselve percent (12X) for thirty (30) years;and a final <br />ballcson payment on October 1, 1484, of the principal amount outstanding <br />on that date, which Y71.1i be Thirty-eight Thousand Five Hundred Dollars <br />($38,500.00) less the amortized monthly principal payments from <br />November 1,1981 through September 1, 1984. <br />Buyers shall have the right at any time to prepay any aad all <br />outstanding amounts under this Agreement prorated to the date of payment <br />withaut penalty. <br />Buyers further agree that during the term of this Agreement <br />should- Buyers be able to secure financing far the outstanding principal <br />balance from a commercial lending institution at an interest-rate of <br />twelve percent (12X) or lower, the Buyers Will secure such financing <br />aad prepay any and all obligations under this Agreement upon slaty (60) <br />days' notice to the Buyers by the Seller. <br />Buyars anti Seller agree that the Buyers shall have possession <br />of the premises on October 1,19$1, and that all risk of loss to sucfi <br />premises sha21 transfer to Buyers on such date. Buyers shall seeura <br />sa a11--risiC homeoMmer`s i~-aurance pol#cy on the abovesc~ib~l prrcu <br />in as amount not leas than the total sales price set forth above, and <br />shalt provide to the Seller a certificate showing that the Seller has <br />been named as an additional insured on such insurance policy. <br /> <br />