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~ a • lo • on th~ d~~d b
R~quir~d c~ocwa~ntary st mpe ah~ll b p c d p ,
V~ndors. In th~ •v~nt ttu t~ purohas• mon~y mortg~g~ is tak~n by #
~ th~ V~ndora ~s a pnrt of th• purch~a• pric~, th~ intangibl• t~x
on it aha 11 b• paid by th~ Y~ndors, and th~ r~quir~d docum~ntary
st~mpa on th~ not• s~cur~d by~ it ahall b• Faid by th~ Purchas~rs.
1 Tho tim• of paym~nt at~ll b~ o~ th~ •se~nc• and in th~
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~•v~nt of any d~f~ult in paym~nt of any part oP th~ purah~s• mon~y i
as ond~wh~n it b~com~s ~u• or in th~ p~rform~nc• of any oth~r
~~obligationa assum~d by th• Purak~ s~ra in ths Agr~~m~nt, and in ,
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I th~ •v~nt that th~ d~fault shall continu~ for a p~riod of fift~~n ,
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I(15) d~ys, th~n th~ Vendors may consid~r th• vrhol• of th~ balana• ~
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du• und~r this Agr~~m~nt ns imm~diat~ly du• and gay~?bl• ~nd coll~ct bL[
~ th~ ca sh
~ or th~ V~ndors cwy r~scind this Agr~~m~nt, r~ta ining
~~consid~ration pa id for it as liquidat~d da~g~s, ~nd this Agr~sm~n
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~ then sh~ll b~com~ null ant~ void. In th~ ~v~nt that 3t is n~c~ssary ;
j~or th~ V~ndors to •nforc• this Agr~~m~nt by forsclosur• proc~~d- '
ir~s or oth~rwis~, ~11 costs of thos• proc~~dings, including a
~ r~~?son~bl~ attorn~y ~ a f~~, shall b• paid by Purchas~rs.
Th~ obllgAtiona ~nd b~n~fits und~r this contract shall ~at~nd
~ito th~ p~rsonAl repr~s~ntativ~s, h~irs ~nd assigns of th~ r~sp~cti •
f! parti~s to it. _
I IN WITNES3 ~cIEREOF, th~ parti~a hav• s~t th~ir hands and s~al
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~ th~ day and y~ar first abov~ ~ritt~n. - - ~
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