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acknowledged, and the sum of Fourteen Thousand Five Hundred
($14,500.00) Dollars with interest at the rata of Eight percent
(8~) per annum, payable in monthly installments of One Hundred
Seventy-Five and 93/100 ($175.93) Dollars each on the direct
reduction plan, th€: first irstallr.±ent to be due on the monthly
anniversary date following the date of execution of this contract
and a like sum on said monthly anniversary date of each and
every month thereafter, provided, however, that the entire
balance of principal and accuued interest shall be paid not
later than Ten (10) years after the date of these presents, ~
said monthly payments of One Hundred Seventy-Five and 93/100
($175.93) Dollars to be first applied to monthly accrued
interest and the balance to the reductior_ of principal. The '
Purchaser shall have the right and privilege to pre-pay any
part or all of the principal balance remaining due and unpaid
on any t:~onthly payment date.
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The Purchaser agrees to keep all the improvements on the
above described real estate insured against loss by fire and
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windstorm and perils included within the designation "extended
coverage" to their full insurable value and to pay all cost of
g said insurance from .the date of these presents. Said policy or
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policies shall be issued in the name of the Seller, shall bear
an endorsement to show the interest of the Purchaser, and a copy
of .said policies shall be delivered to and held by the Seller.
In case of loss by fire or other casualty, said iirprover~ent shall
be restored or the proceeds of the insurance policy applied upon
the purchase price of the above described real estate.
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The Purchaser agrees that he has inspected the property
and takes the same as it now exists; further covenants and
agrees that he will not remove any improvements now existing
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