HomeMy WebLinkAbout2350 ~ L .
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The rate of intecest cn ~is oontrut of purctwe shall be........~~.... per oeat. Nrw principal is to
be c~lcvlatcd at the end of a~h moadi7. period by deducting the interost on the princip~l fram
the amount paid duriag said pedod, and t6e balaaoe of the amount paid during sxid period shaU
be deducoed froan d~e principal Zhe nmaindet of said prindpal shall be the new priacipal for the
a~nth
.................txzt ensuiOg. 1Uat is ~o say, there s~ha:: be.... nnonttily........... settlemet~ts. 'Ihis
method st~tl be dsed ia calcvlatiog in~e~est and principal ~ntil said porc6ase priae, boget~ with
inteec+~t, is fully paid, but nothing herein oontained shstll be so ao~tcued As to require sooo~nd p~atly
ho pay more d~an =_.9__0•.00 .pa a~tb, e~c~oept tues, s~
~ as hertinafter pro~vided, but seoond pact~' maY P~Y as much more as he desires. L~c
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The montfily i~utalln~nts above mentioned shall be paid at suc6,piaoe or plaoes in..~4~.i~t~.......,
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Ohio, as the ficst party shall desigoate. . . . ~ ; ~ - ~ . , ' ; ` . ~
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Second party agrees to pay all taaes and asses.unents of e~ver~ ~kind that inay ~me dtie o~pay-
, , and x~ich,beqame a~ ]iien after the t~me, of exl~cut`ivd of this coiitract
able on saud prea~se~/ - - - - e--------------------------------
l.e. beginning xith t.he November 1967 collection. Firat party agrees to pay all ta~cea and
assessnenta to the date of closing . Second party agrees to paq all taxes and
assessments follo~ing closing and payable after said date.
Second party agrees to keep the dwelling house located on said pre~nises insured agaiast loss by
fire and windsborm for not less tt~an none--------------------------------------during the a~tinuance of this
contrad, and said policq shall include a clause that, in case of loss, payment shall be made to 5rst -
~ partY as----------- infierest may aPPear. If second pacty fails to iasure s~id building as herein provided,
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E first party may, at_._.________option, insure said buildings at the ezpense of second party, and said e~cpense ~
~ shall become a liea o~ said presnises and be socured by ttris oontcack ~
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Second party agrees bo koep the premises herein desaibed in as Rood condition as theq now are, ~
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ordinary wear and tear esaepted.
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Second party hereby agrees ~t to assign or transfer his interest under this contract without t6e '
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written consent of fitst party. :
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Second pacty is to have possession of said premises from the----..._.~5~~ daq of_..~e~x~x7r..._..,
A. D. 19___6~___, and until the condition or canditions of this oontrad are broken. ,
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It is understoai that there:is a ~.._......~.ar,d.~traGt ...........................on/said premises
and ?'Iarsrin C.
~ in favoi of--------- ~eneral Develop~?ent Gnrporation ~
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i ':erke and Associates~ Inc. is to keep in good standing. ~ ~
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~ On default in the payme~t of one of the above iast~illments of the purchase tnoneq for a period ~
~ nine 90) ' ~
of fi~i~t4c~ days afber it beaomes due, first party reserves the right to declare diis contract null and
void widsout notia ffietrof bo aeoond patty,..~~~,x~ heir~ and assigns, and without demand; of payment
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~oOX~~~ PA~E~~~~
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