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3. Tha transoctian ahctU b~ classd w~thin th~ity (3~ days affier 4wneR racaive
written notice of the mr~rciw c~f this opHo~. At clasing the Ormeri shall canvey i~o
~~Y bY a 9~ m~d sufficient Warrant~y Deed wbiaCt anly to an exce~tia+ f~or
taxes for the than cur~ent yactr. The car~air shoil pay 1"hrse Thousa~d and no/10Q
Dtyllars (~3.OQO.CMD) cash at closir~g ~d sholl pay tfie balance of the puraiuoae price
by executtn~ and delivering b the Owners a purchase rrwney nate and mortgage in
ti~e amount of Twelve Thousond and no/100 Do{ lars (=12, 000.00) . Said note shal i
. k~r intesrest at the rate of five per cent (596) pee annum and the princip4l sum sfwi l
be payable in four (4) equal successive annuat inslaliments, t~e f~rst af which shaif be ~
due ~d pay~able one (1) yeer frcxn ciaaing~ accrued interest si~ail ba due and payable
with each annual ins#u!Iment of principa) end tha note shalt be prepay~a6le 3n vrhole or
in part at any time. Owner: shali pcry far documentary stamps on their deed, int~an9ible
tax on the mortgage and recording the martgage . Compony shal l pay for dxumantary
stamps on its promiuory note and recording tl~e deed. Taxes for the than current year
shall be prorated te the date of closing.
4, lt is understocd by the parties t{~at the tenns of this agreement reffect the
Ownen' ral~ance upon the credit ~d reiiability of the Company and ih managing
officer.:, cnd it is specifitally agreed that this optior+ is not assignable.
{ N WIT NESS WHERE4~F , the naturai pnrties hereto have hereunto set thei r
hands and seais and the corporate pcarty I~ereb has caused this cor~h~ct to be eac~cuted
in its raame by its duly authorized offictrs and its corpomte seai fo be af#ixed, on the
day and year first above rrritten.
5i~ed, sealed and dellvered
in the presence of:
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. ~..S.
~y . Nei
.
L.S.
s to r~ ry S eZ
"OW idERS"
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{ ~ ~QOK 125 ~.5~.
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