HomeMy WebLinkAbout2211 . ~ ~ . . _
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. seleasa and satisf~ation of chat aartain ~ortgaa~ rd~ s?d exacutsd b~ aad bt~•
tMeen Seller and leaaock aeaured by said lands. ~aid rsl~a~a a+d satisfaction
shall be obtained by Sellex on or befor~ Audust 13, 1964. .
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; 3. . ADSi~A~?S 0!~ ?I'TI.E: Seller ahall deliver to Dursr or. his attoraay
a co~plete abstract of title to all of said la~ds,~cartified fro~ t~s ~arlieat
} publio reoords to tha approxi~otte date l~reof vithia iort~••fiva (4S) daya tro~
; the date hereaf. _ . . ~ . • ~ .
4. 'i'I'li.E MiD CLOSING D~Al~s Ia tha eve~?t that tha ti tle to said lands
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shall be faund to be good and ~arketabla, wb~ect a~nly tu tases for tha yeer 1963, .
and wbjact to that certain wnrtgas~ executed br aad betvetn alua Coos~ ~c+overs,
; Ina.~ u~rtaagor, and P~eacock, as ~rtsasee, the Du~rer shall•deliver the note
aad second wortgage hereinabove referred to, and do all ot6er thing~ aeceasa~ry • .
to close tbe aale berein ps+ov3ded, on or before Margh 1~ l964.
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~ In ~t6e eveat that title to aaid l~ds shall be foutui to ba ~ot aood .
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and *arlcetable a~d wbject only to tbe taxes for I963, and thi ~rtaaa~ hereio.• . '
~ sba~~ r~f~rrsd to, tha Seller'shall use reaaanable dilise~ce in curius the de.
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. fects in the title and ahall have a rea~anable ti~oe Mit6ia ~ehich to do so. I~a -
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the eveat that Seller eha~i~cure ach defects as ~ay appe~ur ia the titls Mithin a ~
. rea~oaable tiwe, then this sale shall be eloaed vithin fifte~ea (iS) da~ra therea~t~ac, ~
~ Ia the event Sel ler shall fai 1 t~ aure tbe defeeta in tbe ti tie vi.tbin a r~aaonabl~ .
ti'e, then !t ahall refuad~to the Duyer all a~s paid by Durer, aad thereafter thia
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' agreemeat shall becowe rull aad v~oid, orthe Duyer sbatl have the riaht to take title
in ita exfstins eondition. ~ ` =
~ . S. ~'IT~ 1~0 LANDBt It i~ uaderstood rYd a~rted b~l aad betveea tha -
~ puties her~to that title to all of th~ abov~ dsseribed.lands ~hall b~ eonva~ed
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~ by the Seller to the Duye: sub~eot to ths ~rt~a sef~rred to in tuasrap~ 4.
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. 6• ?A_„`XQ.Ss ?axea ~hall be prorated as of ths date of closing. '
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