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HomeMy WebLinkAbout2196 ~ T committed any waste in respect to said premises. The PURCHASERS will kee and maintain the above descrthed ro rt in as ~ ~ P p pe y good conduion as it existed on this date, reasonable wear and tear excepted. Should the PURCHASERS fail to do so, the SELLER may make reasonable and necessary repairs and do reasonable and necessary maintenance and charge the cost thereof to the PURCHAS~RS, which cost shall be added to and be part of the purchase price-and payable on the lst day of the next succeeding month, 7. The PURCHASERS shall place and continually keep on the buildings now or hereafter situated on said premises and on the personal property therein fire and windstorm insurance in the usual standard policy ; form in a sum not Iess than full insurable value in such company or companies _ as may be approved by the SELLER. All such policies shall contain the ~sual clause making the loss under said policies payable to the SELLER as its interest=may appear. 8. Upon the PURCHASERS having paid the sum of One Thousand ~ i Five Hundred D~ollars ($1, 500. 00), excluding any amount paid for taxes and ; insurance, but including the One Thousand Two Hundred Twenty-five Lollars ($I, 225. 00) deposit paid hereunder, and all monthly payments of One Hundred Ibllars ($100.00), and all of the terms and conditions of this Agreement hav- ~ F 7 ing been met, ehe SELLER shall convey by Warranty D~eed in statu~or~ form to the PURCHASERS, the said pieces or parcels of land herein described in fee simple, free from any and all encumbrances that are not herein assumed ~ _ by the PURCHASERS. The balance of the purchase price at tl~t time shall be evidenced by a mortgagP from the PURCHASERS to the SELLER, payable in monthly installments of One Himdred D~ollars ($100. 00), plus an estimated i amcunt of Twenty-five D~ollars ($25. 00) per month to cover taxes and insurance on said property, and the balance to bear interest at the rate of 6. 6 per cent per annum. 9. The time of payments shall be of the essence of this Contract. ; ~ ~ 10. The PURCHASERS agree to pay to the SELLER all costs or ~ -3 i~K 161 PACE 394 Heath 8 Smith, Attomeys At Law, Vero Beach, Florida ' ~ ~ -r. ~ - - t~ ~ ~ s • ~ ~ , ,x:~~~~.-ro N y.:~-~"