Loading...
HomeMy WebLinkAbout2528 : 2: . 4. Said dairy cattle ehall~at a11 tinaes uatil full payment therafor ia msda ba tePt by Purc6aaer at pastura at Pa~ Ci~~ 1~'1p~ida 1~e Purchaser shall not se~mve said c,sttle or seil, mottgage, pledge; hypothecate or othasvise digpose of his interest in, or part Wl.th possessio~ thereon, vithout the prior ~ncitten cansent bf e~'• Purchaser ~ht21 keep eaid daity. cattla in good h~alth and caadition ~nd inau~ed 8galnst loss by fire, or other caeualty for tha benefit of Seiler at Purchaeer~s sole coeti And expense. Purchaser aball psy all tesas a~seseed oa said dairy cattie. The ri~;z of loasi injwry os deattactian of said dairy cattle fras aay cauee Mhatsoever at all t{mes subsequent to the eaecution of this Agreement is ase~d by Purchaser, and any such loss, injury ar destructioa shall not operate in sny maaaer to release Purchaser fro~ his obligacion to make th~ psyments 6ereunder, nor shall any reneWals or extentioas ia time psyment relense the Purchaser from any of the terms of this Agreement. 5. In the event Seiler is required to institute legel proceediuge for the repoase.aion aad/or sale of said dairy cattle, Porchaser shall pay all coats and eapanaes of said proceedings, including attoraeys' feee, which Seller may incur- in enforcing hia rights u~der this Agree~ent. 6. Purchaser may at any time prepay to Seller c~rithout preriium any or nll of ~ the iastallments payable under this Agree~ent. 7. If : . (a) Purchaser defaults in the paqment of any one or more installments payable ~m~der thia Agreement or of any Note evide~ci~g the e~me; or - 'j (b) Purchaser shall fail to keep, e5serne and perfarm eny of the tes~s and ' caditiom of this cgreement; or ~ (c) Seller at any time shall deem the indebted~.ess created herein uaesfa or - ~ aay risk; or (d) Purchaser, in Seller's sole jr: p,ment/and discretioa, ehould aistrett said dairy cattle or fail to take proper ca:•Q of the s~me; or (e) A petitiaa in bankruptcy should be filed or egainst the Pvrchaser, or a receiver appointed for the property of the Purchaser, or if the Purchaaer ahould make aay aseignment for the benefit of creditore or carmit any act of iaaolvency; T6e entite balance then a+ing on the purchase price ahall, at the optioa of th~ Seller be forthwitb due nnd payable aad Seller shall have tbe rig6t, vithout notice or deo~ad and With or s~ithout le~dl process to enter into any premises vl~ere aaid . dair~ cattla may be (which entry ahall not constitute a treap~ae) and ta~Ce poaaeas- ion of the same and to retain said dairy cattle wnd ail progeay thereof, for hi~ arn property Without obligation of resale and Ssller ahall retain for bis a+a we sad benefit as liqutdated dAmages, but not as a penalty, said daisy~cattle and sZl s~r theretofore raceived ca acconnt of t6e purch~aee price. tiotwitbstsoding the toragoing, Seller, asy ot his option, upoa reposaeaaion of said cattls cause the ssae to be resold, and in ths event of such reaale, the proceeds ahall be applisd: (1) To the payasnt of the espeasea theraof; (11) to tha psya~nt of the aspQnaes of retakiag, k~eepiog end ssintsiaing said dairy cattle; aad (121) to the aatisfaction of the balance due pursuant berausdes; snd (11n to tha psy~eat ta th4 Purcbaaer of and exce8a sa~aining aftar the satia- faction of itmms (1), (11) and (111). It ths proceeda o! ~uch sals ~hall ba ia~ufficient to pay in tull tb~ a~wuats •paclfied ia lte~r (1) and (I11) Seller ssy recover the deficiancy fsca tba Purc6saer aod th~ Parcheser agr~sa to psy tb~ ~ame. Aa an sltsroatiw to the loregoing enforcaoent rthods, Seller upon occursnc~ o! a~ of torasoir.g dataulta, at hi~ aols option ry slect to caus~ said dair~ ~attls to b~ sold ~mder e po+wr o~ sales pursuant to #699.02 0! th~ Plcarida 8tatut~s „~°t.~.~. ~173 ~251i _ . _ _ _ ~