HomeMy WebLinkAbout1824 3. 1`axes, etc.; ~~'he I'uy~r shall ~?ay all tax~s, assessrt~ents ~r im~ositions,
subsequeni tc the late t~ermof, that may be lectally levied or impo:~ed upon said
land .
4. Insuracice: ThA ~uS~er shall kee~ the buildings upon said premises insured
, in some com~xany :~tisf•~.ctory to thc~ Seller, and payable for the parties ~
respectively ~is th~~ir interest may appear in the amount [rom time to time
remaining du~~ und~~r th~• tc~rms of this Agreerr~ent.
5. Payment: The L~uyc r her~by covenants and agree:~ t~ pay to the Seller the
sum of Tarentv-nine Thousand (529,000.00)-------------------Dollars,
in the following m~.nnei•:
51,000.00 One Thousand Dollars ~
Deposit of
Lalance of --:2R~OOn.00 --------PaYable at $250.00--per month, includino ;
principa.l and inte rnst.
Interest to be at th~ rat•~ of per annum.
First pavr~:en± sha11 be ~ue and pa.yable the lgt day of Auqust 197 4~
and shall continue mont~ily tht~reafter until pa.id in full.
Puyers hereo{ res~rve ±he rictht to ~repay this Agreement in full or in part :
3
without penalty. -
6. Default: In the event of the failure of the F3uyer to pay to the Seller any
payment r~quired herei~i within 30 d~ys of the due datA, then this Aqreement, at
the option ~f the Selle r, shall b~come null and void and the Seller shall immed ia.tely
ha.ve the right to re-entnr and take possession of the premises described herein
without being liable for 3ny action thereon and further the Luyer does agree to
execute in a form sa.tisf3ctory to the Seller a release of his interest under this
Agreement and the part~es further agree in the event of a default, all ~yments
theretofor~ made by the Puyer shall constitute and be liquidated damages and
. shall be retained by the Seller in full :~atisfaction of any damages sustained by
the Seller due to the breach of this Agreement by the ~uyer.
; 7. Attornrys Fees and Costs: In the event it becomes necessary that the Seller
! institutes any lega.l acti~~n to terminate the rigtits under this Aoreement held by
~ the ~uyer, th~n in that nvent the Luy~r agrees to be responsible for all costs and
~ atto~neys fee:; reasonably incurred by the Seller in terminating the rights of the
Luyer under this Agreement.
8. Transf~r: The part~Qs agree that in the event the premises cevered 'oy this
Agreement is transferr~d by th~ Luye r to any othe r pa. rt.~, tha.t sa.id party sha.ll
stand in the s!ioes of the Luyer and be responsible to the Seller in the sa,me
manner as if he ha.d bee:~ an original siqner hereto.
IT IS rIIUTUALLY E~GREED, by an~ hetween the parties hereto tha.t all
covenants and agreemer:ts herein contained shall extend tc~ and be obligatory upon
the heir~, ~xecutors, a~lministra.tors an~ assigns of the respective parties. ~
P ~
IN WITNFSS WHEREQF, the parties to th~se presents have hereunte set
their hand: an~ seals th ~ day and year first above written. ~
~
~ Si ned, seale~s' and deliv~r~d in our ~r~>ence: Roland G. KarRreaves-Seller~al
~ 9 . )
~ , , ' /~.Qu~r~.~eal
~ ; ion . ar r ea- e e
~~/~,c~u u v\1 ~1. /~K~ ` Seal ~
~ ~ Dennis anzone uyer
~ Seal
ery . anzon uyer
8ooK228 ~l~D
~
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