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1, The total price for said property shall be the sum
of: THREE THOUSAND THIRTY-THREE AND NO/100 DOLLARS.
($3, 033, 00), $250. 00 of which is paid herewith by the Purchasers to
the sellers, receipt of which is hereby acknowledged by the Sellers; the
balance of the purchase price, being $Z, 783. 00 to be paid to the Sellers '
at the rate of $50, 00 per month, commencing one month from date hereof
and continuing monthly on the sam~ day of each succeeding month until
fully paid, including interest at the rate of 6~ per annum from date on the
balances remaining unpaid from time to time, all payments to apply first
toward accrued interest and the balance remaining ~to principal, with ehe
right to prepay at any rime without penalty. Alt pay~iicnts shall be made
to the Sellers, or to such agent and to such piace as tt~ey may later
designate,
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2. When the pu.rchase price has been fu21y paid as herein
provided, the Sellers shall deliver to the Purchasers a Warranty Deed
conveying said property, affixed to which shall be the requisite amount of
documentary stamps as hereinafter provided. Simultaneously with the de-
livery of said Deed, the Sellers agree to furnish a complete Abstract of
Title certified at Ieast to the date hereof showing the title to be good anci
marketable. The Sellers do hereby fully warrant title to said land to be
good and marketable and fre~ from alI liens and encumbrances whatsoever
except taxes accruing subsequent to the year I969.
3. It is expressly agreed and understood between the parties
hereto that the 1970 rea ~;~xes--vt[""t~ie
above described property
are being prorat~ the date hereof; -~nd--Lhe purchasers shall pay the
/
~ enrire 1.94~ taaces when same become due and payable, and shall pay all
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',t~M~., .
o~~.~ - subsequent taxes assessed against this property.
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4. In the event this Contract for Deed is recorded, and
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should this transaction not be ~ompleted, through no fault of the Sell~ s,
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' then an.~ in that event the Purchasers agree to make, execute and deliver
a Quit Claim Deed to the above property in order to clear the ritle o~ the
Sellers to the same. Shouid they fail to do so, upon demand of the Seller
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