HomeMy WebLinkAbout2368 4
. t
6. Upon complction of ray~~ents to be mude by seeor.d garties and
~nterest thereon, as a~reed, first parties covenant rirtd a~rree to convey
a~ood and merciiantable title te the subiect proparty to the second part3 es,
t:~eir heir"s and assi~~ns, free and clear of all liens and encumbr~nces,
except xs to t~xes flfter 1°6~ and cacept as to such liens =~nd/or encumbr~nces
as may come into eaistcnce hereefter throu~h no fault of the first partics,
and excert as to such liens an/or encur~brances as ti~e second prrties mav
':ave imFosed or perr.iitted to be im~oscd on said title.
In case of the failure oi' t~ie second pfrties, their heirs and i
~ssi~~ns, to r.iake eit~~e'g of ~ne ~~ayi:ients, or any pr~rt ~'r~ereof, or to perform i
any of the covenants on ttieir part nereby made and enter~d into, and such
failure or default snall continuc Tor a~eriod of mor~ than tnirty-one (31)
~zays, tliis Contract shall, at tne option of the first pe rties, ttieir heirs
-.nd assi~ns, be ter~~~inated, and all ~ounts paid h~re~nder st'lall be ~he
~raperty oi' such first pnrties, their i~eirs and assi~ns, ~w:o st.all huvt
t.ie rf.~ht ta re-~nter ~.nd tAke ros~ ess ion of above tiroperty, k*it:~out notice, ~
;~rithout suit or le~al proceedin~-s and witY~~out being Ii~ble for ~s~y ~ction
in connection tiierewi.th, provided howevcr, that tn~ ri€~i~ts abovc provided
;:o ssid first ~nrti~s srall be cumulative and in addition to othcr ri~nts .
~~:;ich they riay nave in the prer~ti~es, and i.ndul~ence bg said first parties
shall not be t~ken or eonsidered as consent; :.nd in thc cvent of a brcach
of this Contract the second p~rties, tnFir ~:eirs, le~al re~~~resentatives
:~nd nssi~ns, hereby ~grc~e to ~ay ~11 costs and ex~enses of collecting
any ,ar!ounts due hereunder, or otherwise ~rotectinF the rights of said ffr st
nartics, their Y'.eirs, le~al representatives and a~si_rns, includin~ a
rr?~sonable ~ttorney~s fee. And, in the ev~nt first p~:rties s~~~ll h~~ve- an t
~~tion rrovided above and have not exercised t::at sar:ie, such f~3lurc to
cXercl se such o~tion s~iall not b~ a saai.ver nor a bar to 1FtEr eaerd se ~?f
~uch option. .
It is :uutually &~reed by the parties aercto tr~at th~ tir.ie of
-~ayr,~ent sr.all be an essential p~.rt of this Contract, ~nd tna;t all covenants
~nd a~ree_•~ents r.erein srlall extend to snd b~ obli~story u~on the survivrn s,
~~~eira and as~i~ns oi' ti~e respcctive carties h~reto, znd/or t:_eir Gxecutors
rnd ad^?inistrators. '
I2i ~lTTi~.~SS :ti'__~~~OF th~e srties h;:vc hercur~to set tr:eir t:~.nds and ~
, P
se~ls tiiis ~L'?+ day of June, 19b9•
~ ' (sF~)
onn a n a son
. (S~AL)
'rl tne s as o. rs rtie~s ) ara A. ae s
FIFtS FkRTIES ~
F
L~'. tSEAL)
e~a s . - an on
( s~ai, )
'~1 nc s as o econ arties ) a er e . an on
SE r~D F~F,T IES
d001t PAGE~
~ a~ e Four _ . _ -
~
~ , - -
_ _ _ _ . ~ _ _ _ ~