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2. To pay all taxes, liens and assessments which may be legally
levied or assessed on or against the herein described real property sub-
sequent to December 31, 1967, and any default in this covenant shall have
the same effect as a default in paymen#.
IT IS MUTUALLY UNDERSTOOD AND AGREED that Grantee, so
long as they are not in default under this Agreement, shall have the right
and privilege of prepaying the proportionate part of the herein stated pur-
chase price as to a lot or lots on the basis of a$1500.00 contract price
per lot, and thereupon Grantor will execute to Grantees a deed of convey-
ance to the lot or lots so prepaid. For each lot that Grantees may prepay,
the hereinabove specified monthly installment shall reduce thereafter by
$20.00.
Time shall be of the essence hereof and this Agreement shall be
binding upon the heirs, personal representatives, successors and assigns
of the respective parties.
IN WITNESS WHEREOF, the Grantor has caused this Agreement:to •
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; be executed in its corporate nazne by its duly authorized officers and'~he
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~ Grantees have hereunto subscribed their hands and seals on this xh~a_~y .~~t;,
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~ and year first above mentioned. , r~o~ ~
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RNERSIDE COMPANY , ~ -
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Witnesses: bY
Louise Pa er - ts Presiden
t o! Q~.~ ,
p~ ATTEST ' ~
~ ~J , A~ Palmer - Its Secr~tary
~ .~as o Grantor
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~ a'~ J ~Lv~" ~ (SEAL)
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~ ' ~ . Charlie Barron, Jr.
as o Grantees '
~~,!~,~c~l L' , i~.a. t-B-.~- (SEAL)
~ Mabel E. Barron
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