Loading...
HomeMy WebLinkAbout2594 " <3.'; 4tO tl:h C fAG( , iJ S". lll(i[ U~UITlt fll. . ~.. _.--- - ...----_" -. FURTHER W1TWltSSETH. wttbin fifteen (16) day. from the d&i-e of thl..- Al'reement. the party of the tin' part, at ba npenae, .hall deUver to the partie. ot tb~ aecond part. or their attorn.,... .. complete aIMItract of Utle fl-om th~ ftArU..t pabUcr-ecorcla to Ute *'. of th.1A coctract ahQW1..ni in the party of the t1rat part a cood aDd markflable title 10 the abOT. de." crlbCKi propftrty aubject only to the tift 4Dd eACumbraDCe of tax" tor the year 1912. Part1ea ot the JS4tCOIld ,.n ahall bav. hr_t,. (20) 4&,. from the date ot recelv1A1 .aid abatract to "'''1'1\10. the .am.. 1f tb~ tlUe i.8 !ound \Ulm.&1'keUble. the paTti_ of the .~oad part or their .ttor..,.. ahaH notify the party'of tho tint part 1ft wrltiDt apedly1Dc Uut detecta, and par- tie. of the oeeond part ab.al1 baye the option of caneeU1Jlc aDd tena1J:aaUn, th.1..& AareemeJrt or acce'Pt1Dla cooveyaace of u.1cl property ..abject io .uch def~ct.. Upon .~h caacellation aDd termiaatiOl1, the party of th fir.t part .bail return to partt.. ot lM .tteQDd part all paymenta ma4e to bUn hereunder. aDd thereupon uu. ..r~_ aball ~ ou.11 and Told. if party of the nr.t part conai.... &I1Y defect aet forth by parUM of the ae<:ODd part to be without merlt, party ot the fiMrt part may, wit.lrl.n .enD (7) cia,.. a.fter" r.,.:~lvinl partie. of the aecoad part'. .tat<<:mema of dete<:a, COllClu.s1vel~,. establiah the marktrtabiUty of the title by purchuiAI and delivering to par- tiea of t..~e .ecand part a written comm.ttment of lA.yer.' Title Guaranty F'und to a.r.ae &l'1 owner p.a.ranty to the parti.. of Use ..cODd part in the full amount of the purehaae price, without ucept1.. or qua1.1f1catious other t.han thOlle ..t forth herein, Subject to the tor..o1n& prorialou, the paymena herein ab<we provid.d (or aball tn made a.ad tb4 wal'1"U\ty de.a here1nahov@ provided tor ahaH ~ UKU'teO aDd deUftred. TaM for the )'f!ar' 1..2 6b..u be pronated t.o the date hereof~ and party of the firat paM agrees to pea, tor aU doc:umer.tt&ry .tam.. required for thiJI AlrHuH'mt. FURTHER WITNESSETH, that in c..at' of failure of ta. .aid par- ties of the second part to 1'n&ke'L."lY of the paymem. or any part thereof, or to perform any of the covenant.. on their part lUtr~y made aDd &'rderw into, t..ais contract at-..aB. at the' optlOl\ of the party of the fi.,rst part. b~ forfeited Md terminated. a.nd the pe,rUu of th~ aecondpart .~ll forfeit all payment.1l made by them 00 this cOlrtr-a.ct; and aueh paymeltt. .ball be retained by the .aid party of the fin.t part in full ..at1.ablcUoo and liquida- tion of ..11 daffi4l,es by him .ua~d, and the .aId paMy of the fir-Mt part ,flail haye the r1&h1 to re"e1'1ter and ~e po86dllion of the premis*_ atore- Raid without "U:s& ~l~ to any a.etion therefor'. It Ut _irelic b~een the partltUi h~I"ttto ttult the pi\rtieM of the ~(!cond pAn lihall Mye t.birty (30) daYIIl rracf! in .bleh 19 make abt.;iv~ pay- nHU'.lUJ ~fQre any .\lit fQr tort!c1oaure wHl be atarte-d. In t.~. ('v.m fitl ItA)' d...~lt by th~ par..1" oj Ui4 lHtt:ood p\\rt, if it ~hall b.,:om~ ue(:.~UII"ry to bring uy ActlOO iQ !orKloa~ U!~1r bti~r~at horeund~H~, ..id pa.rtle# ~f th~ iUH;oo.W part dQ lwreby .ire~ to par ull coots iUld t!f)(}..wm.~". of gu{;n &CUClfl indlJdw,~ j1 r~Uvr.AAble ~ttorlH~ylB ffie. 1'1' is MUTUALU' AGREED, by and b~htt.1'fn the: parli~u h(!!'eiQ. thStt tiID~ eb.11 be vf tilt" 8lH,cnce of thUi c<:rmract, awi that .n c.oven...nt& and ilgre~mentll ku~r~in Contsllv"d .hIiH ~x:hu~l to and be obHlatory upon th~ 1'-..eh"., e~ecutQr6! 4dm1nistnltOf'4 an.d uaipJl ~t the rel'ip~'cHv", y~r'" th~lii.