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Home My WebLink About0054 ~$5,000.00 this-date, receipt of which is hereby ackr~owledged, and ; , I ($25,OJ0.00 with interest on the unpaid balance at 8 per cent per annum, ' , ion sums from time to time owing with the sellers having option to attach ' a 2 per cent late charge on sums not paid within 10 days from due date ~ reserving to buyexs right of pre-payment and with the said balance to be ~ fpaid $325.47 on July 1, 1976 and on the same day of each successive mont ~ ~thereafter until the whole sum shall be fully paid with inteYest as ° ~ provided, payable first from each installment calculated annually on ~ ,the whole sum from time to time unpaid; to pay all taaces, assessments or , iimp~sitions that may be legally levied or imposed upon said personal ~ ~property purchased from this date henceforth and to keep the personal ~ iproperty insured in some company satisfactory to the sellers and payable ; ~ ~to the seZlers respectively as their interest may appeaY, in a sum not i . 'less than the aggregate unpaid sums herein secured except that in the ;event said personal property shall be uninsurable for amount owed said i > ~uninsurability shall.not place the buyers in default if the property is ~ ~insured at its highest insurable value during the term of this agreement ~ ~ :And in ihe event of failure of -the said buyeYS to make any of the paymen s ~ ~ ;or any part thereof, or to perform any of the covenants on their part ~ ~ ~hereby made and entered into, this contract shall, at the option of the ~ ;lsellers, be forfeited and terminated, and the buyers shall forfeit all = 1, '~payments made by them on thi.s contract; and such payments shall be re- j~tained by the said seller toward satisfaction and liquidation of all ~ ~ ~ Idamages by them sustained, and the said sellers shall have the right ta ~ ~ ~re-e nter and take possession af the premises aforesaid without being ~ ~ ~~liable to any action therefor; in the event of default, the sellers shal s f ~ lhave the same rights normally accruing to any mortgage repossessing ~ ~ ~property together with costs and expenses thereof inc2udzng reasonable : r~ ~ i } attorney'~s fees. I i This agreement shall be a lien of mortgage against all items, ! ';fixtures, and property of every natuYe this date sold and any of said ~ - litems which the buyers shall desire to sell, must be first made known . !!'to the sellers under their lien by them held or in the alternative any ~ t + ~'item to be sold may be f irst replaced by a like or better unit and said ' (proceeds of any sale of equipment shall be paid against the principal ~ owed) . ~ 253 ~ 54 E:ts