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.be paid in the following manner:
A. The sum of $334.50 in monthly installments
.commencing on February 1, 1980 and monthly in advance on the
first da~of each month thereafter for a period of One (2) -year,
said sum including interest at the rate of nine and one-half
(91/20 per cent per annum.
B. Upon the payment of twelve (12) monthly
_ installments as herein provided, the entire balance of principal
indebtedness as due herein shall be-fully due and payable,
reserving however, ,the right of the Buyers •to pz~pay all or any
- portion of the within indebtedness at any time Without penalty.
C. -Buyers acknowledge.. that they are aware
that the within property_is subject to a Mortgage in-favor of GDV
Financial Corporation in the original principal sum of
$29,300.00, and in this connection Sellers agree to maintain said
Mortgage in all respects fully current and free from default.
Boyers further acknowledge that the total payment required by
them to t-tie .Sellers shall be the sum of $375.00 per month, which
shall include an escrow payment for fazes, in the monthly sum of
$40.50. In this connection Buyers agree, to- pay to the 5ellers• an
additional sum of.$40.50 monthly as reimbursement for said taxes
- so that the total monthly payment due from the Buyers to the -
Sellers shall be the sum of $375.00.
4. Buyers shall be entitled to possession of the
premises herein described upon the closing hereof, and during the
.life of .this contract, Buyers shall maintain the property,
including improvements erected thereon, in a state of repair and -
condition that is good and Proper. Sellers shall have the right
to inspect the property at all reasonable times until the final
performance by the Buyers has been completed.
° _ 5. Sellers-shall be obligated to pay and shall
pay before delinquency ail taxes and assessments coming due on-
and after the date of closing. In addition thereto, during the
life ofthis contract, Sellers shall insure and keeg insured
against fire or tether casualty- x21 improvements now on the
HARQiDN.OOLDMAN property and improvements that may hereafter be built thereon in
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•011 f.f®HIA?n.l1l. ~ -
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