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Home My WebLink About0427 interest 1n the aforesaid condominlum unit, which notification shall be in writing, closing shall take place within ~days from the date of such notificatlon. 6. In the ev,ent either Party desires to sell, assign or transfer her ~ undivlded one-half interest in the said condominlum unit, the other Party hereto, shall have the right of first refusal to purchase such unit at a price i x equal to one-half of the originat gross cost of the said unit. ' ~ ~ 7. In the event of death of either Party, the surviving Party to thls ~ Agreement shall have the right to imnediately take possession of the entire ~ , , condominium un~t and the survjving Pahty shall further have the rjght to F purchase from the estate of the deceased Party hereto, decedent's right, title and interest 1n and to the aforesaid condomjnium unlt for a price equal to £ ~ one-half of the original gross cost of such condominium unit. ~ # 8. If ar~y purchase of the other Party's interest is effected as set ~ forth herein, it is hereby stipulated that in the event there is in existence a mortgage on the condominium unit owing equally by the Parties, one-half of the outstanding prlncipal balance of the mortgage as of the date of closing shall ~ be credited towards the purchase price in consideration for the purchasing ' P~rty assuming and indemn~fying the selling Party as to such mortgage. 9. So long as the Parties hereto each own an undivided one-half interest " in the aforesaid condominium unit, neither Party shall mortgage, pledge, k E apothecate, lien or in any way encumber her interest in said condominium unit, ~ ~ without the express written consent of the other Party hereto. € t 10. This Agreement shall be binding upon the heirs, succe5sors, adminis- ~ . & trators and assigns of each of the Parties hereto. i ~ R IN WITNESS WHEREOF the Parties have hereunto set their hands and seals 9 ~ ~ ~ on the day and year first above written. ~ ~ ~ WITNESSES: ' ~ ~ ~ ~ Helene A. Schwei r ~ ~ ~ ~ - ~ - ~'l'I. ; thel M. Rose i ~ ~ , ~ ~ - ~ , ~i ~ 5fip!~ ~U~ ?'AGE 4~~ - ~ ~ _ a - . ~ ~ z _ _ - - - _ - -.r~ ~ : _ ~ ~ _ _ . _ _