HomeMy WebLinkAbout0466 The obligations of the Purchasers, under this Agreement,
may be prepaid in whole or in part at any time without
penalty.
The Purchasers shall be permitted to go into possession
of the property covered by this Agreement on the date of its
execution and shall assume all liability for insurance, taxes
and maintenance from and after that date. The Purchasers
agree to maintain the exterior and interior of all buildings
in good condition and to maintain fire and extended coverage
insurance on the building in an amount of not less than the
maximum insurable value of the property.
Required documentary stamps shall be placed on the deed
by Sellers.
This Agreement for Deed shall be recorded, and the
required documentary and intangible stamps sh all be paid by
the Purchasers.
The Sellers shall provide the Purchasers with an abstract
of title upon request by the Purchasers. Subsequent continua-
tions of abstract shall be at the expense of the Purchasers.
The time of payment shall be of the essence and in the
event of any default in payment of any part of the purchase
money as and when it becomes due, or in the performance of
any other obligations assumed by the Purchasers in this
Agreement, and in the event the default shall continue for a
period of fifteen (15) days, then the Sellers may consider
the whole of the balance due under this Agreement as immediately
due and collectible, or the Sellers may rescind this Agreement,
retaining the cash consideration paid for it as Liquidated
damages, and this Agreement then shall become null and void.
In the event that it is necessary for the Sellers to enforce
this Agreement by foreclosure proceedings, or otherwise, alI
costs of those proceedings, including a reasonable attorney's
fee, shalt be paid by the Purchasers.
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