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S~v~a Thousand Fi~• Huadrsd (~?500.00) exclusl~~ of iat~rest~ has
been paid~ it being uad~rstood tY~~ in the co~aputation of •~id
Do1L rs '
Ssven Thoua~nd Fi~• Huc~dr~d/(~?500•00 ) the payseatof the suw o! +
Fiv~ Aundr~d Dollara (~500•00 ) sst forth in Parograph 2~ sbove i
is a part. Said dsl~rred payments ehall baar iaterest at 8~ per
anaus and said pa~n~ats shall be appli~d firat to the payeoent of
interest and then to pritioip~l• ~
(a )~UYSRS shall hava the privileg• of prepa~ceent of
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this oontraot at any tine, withovt pen~lt~, and upoa such pr~palaent ;
in ILill, ~hall b~ ebtitl~d to reoeive lroa STLTERS a good and
sulficieat Warraaty Dsed to the property above desoribsd ae hereiaaLobe
sst forth. ~ .
3. Tli~ HUYERS herebj covenant and agres to pay promptl?
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When due the auAa of money hsrein~?bove provided for in this Agrae~eent; ~
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to permit, com~nit or suffer no waate, ieapaira~~at or deterioration of -
aaid lend a t any tims during the life of thia Agrse~nent; to pa~ all ~
aosta, ohargea aad sxpsas~s, iaaluding attorney ~e feea a nd t i tle
•earchas reasonably incurred or psid by SELI~ :tS bseause of the
failure oP tbe BLsY~'RS to promptly and Pully comply with the tern~s,
provisions-dnd ooven4nta o! thia Agreement; and to perPorm, compl~
Mith aad abide by each and every the eonditione. eovenaats an d
stipulations ast lorLh in thia Agreem~nt. ~
i , 4. I! any sua~ of mon~y herein rslerred to be not promptly
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~ paid withia thirty (30) daya next efter th• a~s becoaaes due or if ~
~ each ~?nd overy the stipvlations, conditions and covenent~ of thia
Agre.~aNnt are not fulll psrlor~eed~ eomplied vith and eblded by, then
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th.t,b Agreemsnt ~hall, at the option of the SELL~tS, be forf~!ited
ac}d tsrminated, and the BUYERS shall !orleit all pay4ents mads by
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theo under this eo~traat and =}~s~h pa~menta ahslt be retsined by ths
~ 3ELLkR3 in l~ill satial4otion and liquidation of aIl damages bl them
~ suetained; wd the SELLERS shall h~ve the right to re•enter end tak~
posseseioa of the presisss alor~seid Mithout being lieble to eny
~ totioa thsr~r, Failur~ b~ ths 3ELLERS to •xercise any ri ghte or
o tions h~reia provid~d s2~a11 not constitute • Maivsr ot •n~ rig2~ta ~
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or options therealt~r aeorulag.
$p~ PA6f
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