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($124,900.00)- DOLLARS-shall be paid-in the following manners
A. The sum of EIGHT THOUSAND SIX HUNDRED ~
FIFTY AND NO/100 ($8,650.00) DOLLARS to be paid to Florida Home
Finders, Inc., within ten days after the execution hereof and to
- be held in behalf of the Sellers.. _
B. The additional sum of TWENTY EIGHT ~
THOUSAND SEVEN HUNDRED FIFTY AND NO/100 ($28,750.00) DOLLARS plus
closing costs as hereinafter defined at the time of closing. ;
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C. The balance of EIGHTY SEVEN THOUSAND FIVE
HUNDRED AND NO/100 ($87,500.00) DOLLARS shall be payable in equal
monthly installments of $804.44 in advance commencing thirty (30)
days from the date of closing, which sum shall include interest
at the rate of ten and one-half (10 1/2$) per cent per annum.
- - D. Buyers acknowledge that they are aware
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that the within property is subject to a Mortgage in favor of
WILLIAMSBURG SAVINGS BANK, and in this connection Sellers agree
to maintain said Mortgage in all respects fully current and free
from default. Buyers further acknowledge that the Sellers are
required to pay a tax and insurance escrow monthly payment to
their said Mortgagee, and in addition to the payments as
hereinabove required agree to pay an amount equal to such tax and
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insurance escrows. At the present time such additional monthly _
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E payment required to be paid by the Seller -and -which will be added
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to the payments due from the Buyers to the Sellers is the sum of ~
~ $152.00, each party recognizing however that this sum may change
from time to time.
4. Buyers shall be entitled to possession of the
premises herein described upon the closing hereof, and during the
life of this contract Bu ers shall maintain the ro ert
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~ including improvements erected thereon, in a,state of repair and
condition that is good and proper. Sellers shall have the right
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F to inspect the property at all reasonable times until the final
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performance by the Buyers has been completed.
5. Buyers shall be obligated to pay and shall pay
before delinquency all taxes and assessments coming due on and
HAROLD Ii.GOLDMAN after the date of closing, said payments to be made from the
~nonw~v wt uw
601! S. cE0E11A1611MY. _ i-
o aforementioned escrow account. In addition thereto, during the 11A
. go~328 P~E~'.94
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