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ARTICLES O!' A~iRSE~lF.~1T - Paq• 2.
FurtharmQr~, it psym~ut• ar~ not r~c~iv~d by ~
th~ 7t1~ o! th~ ~oath wh~n du~. a p~nalty charq~
o! $S.S4 ~rill b~ sad~. IA additioa, i! paya~nts
sr~ not r~c~iwd by th~ lstlt o! tb~ wonth ~h~
du~, intereot~t th~ high~at leqal rate ~hall bs
car~pntad fs^oo th~ dst~ of th~ la~t paya~nt uad~
by S~coad Party tbrough th~ dat~ th~ arrearaq~
is r~ctili~d. ~
Th~ ~onthly pay~at o! $110.00 1• ca,put~d npon th~
lollawia~q pr~mis~: Principal aad int~reat $9S.1S t l~oawo~wntra
insuranc~ policy $2.92 p~c ~oath bas~d oa annual pr~niian o!
~35.OOt ta?xu, ba~~d on 5140.~0 par year, $11.73 p~r iDAt.11t
aad $.ZO tor draiaaq~ tax.
Fisst Parti~s aqrN to utilis~ so nucb o! th~ $110.00
aanthly paywents as is n~cu~ary'to pay th~ r~al utat~ taxe~,
in~uranc~ pac~sius aud drainaq~ tax du~ th~r~on ~ach ysar.
First Partis~ will qivo S~co~d Party aA aaaual stat~-
~nt no lat~r than February 15 0! sach year, ahowing th~~ ~
mount cradit~d to principal, iat~rsst, taxe,r and ineurance
~roa~ payn~ant made durinq th~ previous calendar y~ar by Second
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~ ~ Party.
i Socond Barty aqr~ea to pay all cost~ connected ~rit2i
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th• rscordin~q o~ thia agreament, w'hich is to ba r~corded no
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lat~r t~?an Dscrobsr 31, 1970, in order !or Sscond Party to b~
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eatitl~d to s~c~iw ha~eat~ad ~xrption in th~ caainq y~ar, b~
k~sp th~ r~al estate tau~s to a u~inimws.
Sroond Party aqre~• to pay MhWr due all ass~ass~ta
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~ ~hich ~say b~ iapo~ed aqain~t tb~ proparty !°or any typ~ o! i~-
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~ ~ prov~t• a~ad~ by sny pnblic bocly which r~iult in an asaeseisent
b~inq iapo~~d aqaiaat th~ prop~rty.
S~cond party ha~ th~ optioa to traa~t~r thi• contract
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to any oth~r party with or without con~~nt o! ~ir~t artia~.
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~1~8 P~~25g~ W,~S.:
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