HomeMy WebLinkAbout0160 in the manner following: , _
There shall be paid the sum of _
$500.00 cash at the time~af the
exect~tion hereof, the receip! whereof
is hereby acknowledged. The then
remain3ng balance of $6,000.00 sha1Z '
be paid in monthly installments of
$51.42 each. The fiYSt. such morithly
installment shall be dne on the
day of ~ 1967 and
, subsequent payme nts shall be due on the
same day of each succeeding aonth
thereafter until the ~?hole sum named, .
plus interest, has been paid in full. .
Each such monthly payment shall be .
applied first to interest and then to
. ,t~e unpaid principal balance, with
interest fron the date hereof at the
rate of Seven Percent (79G) per annum
- on the uripaid balance. Tvro or more
- payments may be made at any time by
~he parties of the second part on any
. installment due date.
And the party of the second part further covenants and agrees
as follows:
1. To pay all taxes, assessme nts, or impositions
that may be legally levied or imposed upon said land subsequent
to the 31st day of December, 1966. ~
~ 2. To maintain in a state of good repair the
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building situate on the above described property and to suffer no
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waste or impairment of the same, reasonahle wear at~d tear of the
' same only excepted.
~ 3. To allow no liens to be placed on the above
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~ described property for materials furnished, or labor performed
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thereon, and if siich liens are so placed, the same may be paid
i by the parties of the first part and each such payment, plus
interest thereon at 896 per anrnam, shall be added to the unpaid
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balance of this Agreement. To promptly pay for all labor
performed and materials furnished upon t~ above described
t PropertY.
° ~ 4. To pay a reasonable attorney~ s fee and all
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~ Couxt costs should the partiett o~€_ the f irst part be forced to
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