HomeMy WebLinkAbout1939 . ,
attorney for the aeller in regard to the deed and mortqage to
follow, including documentary etamps, intangible tax, recordinq
Continuation of Abstract and the like, but not including any real
eetate carmaission as this is a direct sale and no real estate
aqent or broker is involved.
7. In case of the failure of the Second Parties, their
aurvivory~, heirs and assigns, to make either of the payments, or
any part thereof, or to perfona any of the covenants on their part
hereby made and entered into, and such failure or default shall
continue for a period of more than forty-five (45) days, thie ~on- '
tract of Sale shall, at the option of the First Party; his heirs,
and/or assigns, be terminated, and all amounts paid hereunder shall
be the property of such First Party, his heirs and/or assigns, who
shall have the right to re-enter and take possession of above ~
property, without notice, without suit or legal proceedings and
without being liable for any action in connection therewith; pro-
vided, however, that the rights above provided to said First Party
I shall be cumulative and in addition to other rights which he may
~ have in the presnises, and indulgence by said First Party shall not
be taken or considered as consent; and in the event of a breach
of this Contract, the Second Parties, their survivor, heirs, legal
representatives and assigns, hereby agree to pay all costs and
expenses of collecting any amounts due hereunder, or otherwise
prot~cting the rights of said First Party, his heirs and/or assigns,
including a reasonable attorney's fee. And in the event First Party
shall have az,~option provided above and not exercise the same, such
failure to exercise such option shall not be a waiver nor a bar
to later exercise of such option.
8. It is mutually agreed by the parties hereto that the ti~ne
- of payment shall be an essential part of this Contract, and that
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