HomeMy WebLinkAbout1490 ~ ~ ~r
THERE SHALL BE NO PREPAYMENT OF THIS OBLIGATION.
It is further understood between the parties that when the
principal sum has been paid in full, the Vendors shall deliver
to the Purchaser a Warranty Deed .to the property above described,
together with-a title insurance policy showing the title to the
property above described to be good and marketable.
The Purchasers shall be permitter 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.
Required documentary stamps shall be placed on the deed by the
Vendors.
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 Purchaser in this agreement, and in the event that
the default shall continue for a period of thirtq days, then the
Vendors may consider the whole of the balance due under this agree-
, went as immediately due and payable and collectible, or the Vendors
may rescind this Agreement, retaining the cash consideration paid
t
~ for it as liquidated damages, and this Agreement then shall become
I -
~ null and void, In the event that it is necessary for the Vendors
to enforce this Agreement by foreclosure proceedings or otherwise,
all-costs of those proceedings, including a reasonable attorney's fee, .
shall be paid by the Purchasers, including any appellate attorney's.
fees and costs incurred,
~ The obligators and benefits under this contract shall extend
to the personal representatives, heirs and assigns of the respective
parries heretc.
IN ti~ITNESS WHEREOF, the parties ereto hav set their hands and
seals the day and year first above itten.
Signed, sealed and delivered ~ (SEAL)
in a presence of:
e omps
to e o v ~ ' "Ven rs" (SEAL) f
~ rt amne
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As urc asers ri ne amn?e "purchaser" s
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