|
~~ -.~~~i5~0~
<br />The sum of Five Thousand and ?•10/200--------Dollars
<br />($5,000.00) on the 1st day of F~Sarch, 198.
<br />The sum of Five Thousand and No/100--------Dollars
<br />($5,006.00} on the 1st day of March, 1984.
<br />0
<br />T`r:e sum of Five Thousand and I3o/100--------Dollars
<br />($5,000°00) on the lst day of March, 1;85.
<br />The sum of Seventy-seven `T'housand Four Hundred and
<br />No/100------Dollars ($77,400.00) on the lst day of
<br />March, 1986.
<br />The installment payments as set forth in this Subparagraph
<br />(c) above, shall include, in addition to principal, interest
<br />at the rate of 9~ per annum nn the whole sum remaining
<br />from tim( to time unpaid. It is further agreed and
<br />understood that Said i.ntc~rest will cormm~ece and be
<br />charged on i;he balance of One }}undyed Twenty-two Thousand
<br />Four Hundred and Pro/100--------Dollars ($122,400.00)
<br />from the lst day of April, 1976.
<br />(d} The Buyer shall have the right on a.ny installment payment
<br />date to pay the Seller in addition to the annual payments
<br />as set forth in Subparagraph (c) the swn of One Iiundred
<br />and No/100-------Dollars ($100.00), or the multiple
<br />sum hereof, on the unpaid principal h:'n due and owing.
<br />(e} Should Buyer-fail to pay any of t}:e installments due
<br />ur?der Subparagraph (c) abova, at the maturity of such
<br />installment due, t}i~n the unpa~i-d pz•irr-cipal i~alance s}r<i~ll
<br />briar ~r:tcr•cst at Lhe naxiurum rate nor r~r,n;:rn during
<br />the period of delirryuerrcy.
<br />(f? The instalLnent r!a~`:u~-rrts duo unrTer 'ubparagi°aph (c)
<br />=rt}ove. s},all. bra made ±-o i~he Cn.~uner^cial A}at',ional F3ar2k
<br />a.x9 .rust: .,...r;~,any, ',rand Is]ar:d, A7el,rs},,a, which f3ar:k
<br />is hereinafter dec~ir~nated as the P,scr~~w Agent.
<br />ri.
<br />~ravc•<: r.e~:[z~~_N.?nr~~rS Art:t~ ~n}tiLiN'YICE'
<br />1. Taxes. Seller agr•ces to pay general taxes on the }Meal
<br />Estate for -the year 1975• Buyer• agrees t:o pay },ener•al taxes due
<br />and payable for the year 19Th and all 1-.axes due ~irrd payable
<br />thereafter.
<br />?_. Ass,asst;:ant.s. F3uycrr :rfre<'s to pay all. assess=rnents r~rnd
<br />spec ia1. taxes whi <~h ,n.ry hi' 1 t~v i ed rrt;=r i r:sst thc,° Real F,si:ate t>y
<br />any gov~~r°nmeniai body from anr3 niter ?March i, 1.976.
<br />i. insut"<rr:r~t~. ,,.y~r _ ~c:, t.o n.i;.,p t;he buildir;gs in a
<br />rra,on:~blr ;trig ~f €.~htiir ;tr:d }ns,.3r•cd fur' th~'rr Srrsut•uble .~t~auE~.
<br />The E3uyer al,rwes to ,?rovide the: Sc~llc~r a copy of the insurance
<br />policy covarring said br.ri.ldings with a Contract of Sale Clause
<br />3a i. c: t:=="s ~: ii i.=i:: i"cvi3 +izvw i;:~, i; rr F: :. uj ii n~.ii cu rimy E'r' az`l'i ,': iiri~t7riC
<br />}~eycr as the ~vli,;_,x. rayed Ca'~et,ta rtal<lr~,y sas tl~e }~Uyer.
<br />'i~1.
<br />T1TI.,F AND POSSi•;SSTi1id
<br />1. Title. Seller shall fux~ni.sh Buyer with Abstract of 'F'ide
<br />to the Real Estate, extended to date, which Abstract of 'T'itle :;hale
<br />strove :marketable t.i.tlc: to the Re:a1. Estate in 5e12«~r at the ciaLe 1. i7e.>.r•of_,
<br />tY;e Abstract of 'I'itie to be i.rnmccii.rLel.y f-xtended ;:rrd certified to
<br />date and delivered to Buyer or i3uyer's ;~ttorr:ey for t'xarr,inatir,n by
<br />Buyer'a attorney. if any defects in the tit.ie ,are f<urnd, ~,e21Pr
<br />&tr'i 1.1 have {. rs risortablc ±;irae wlt.h=.; ~.~lr#r•h to ~.~:~r'c~~t ---.;'}~r ,.,.-cats
<br />of title.
<br />
|