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HomeMy WebLinkAbout1550 ~ . tf . . • aforesaid property, subject only to reservations and restrictions of record, and all documentary stamps required thereon shall be paid by the Sellers and recording fees paid by the Buyers.. All • documentary stamps and recording fees for the recording of this agreement shall be paid by the Buyers. 5. 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.comgleted. 6. Sellers shall be obligated to pay and shal-1 _ pay before delinquency all taxes and assessments coming due on and after the date of closing. In addition thereto, during the life of this contract, Buyers shall insure and keep insured against liability against all perils injury or harm which may be occasioned to persons. . 7. Sellers have obtained or shall obtain prior to the closing hereof an Abstract of Title certified to at least the date of this Agreement and shall pay the cost thereof, said Abstract showing good and merchantible title, subject only to ~ this contract, taxes and assessments not yet due and payable and such easements, restrictions, reservations and other related ` items so as not to interfere with the intended use of the property by the Buyers. Said Abstract shall be delivered to Buyers on its issuance and shall be accepted by them as evidence i ~ of Sellers' title to the property as hereinabove described. ~ .8. Title in the aforesaid realty shall be and is reserved to the Sellers, their heirs, executors, administrators, successors. and assigns until full performance by the Buyers as r required hereunder. Upon full performance by the Buyers, the i ~ Sellers shall deliver to the Buyers a fee simple title to said a realty, by statutory Warranty Deed, free and clear of all liens ~ and encumbrances, exce t for zonin and other p g governmental }iAROLDH.GOLDMAN regulations and such restrictions, easements and reservations as AnoaMEr~ruw _ 6021 S- F EDEIIK IIwY. ll1C~E.FUI ass may appear of record in the Abstract of Title being delivered to -2- en~:~ Pl~6E~~