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2. As ~oon Ts practitabl~ a(tcr thr datc o! ~hc deliverJr ot thia contract, Se11cr shall (urni~h to Pu~chasrr. or Pur~ha~er'+
aK~nt or attorney a~~ abstnct ot titic which sl~alt rctlett tht itatut o( the marketabilit~?' of iosurabiliry ot the Stller~ ti~l~•
tc- the clescrilxcl realtr as o[ thc datc hereoE, and Purrhaxr ~hall thereupon bave ._.4J__ ._. _._. da~n within rvhich to havc
thc ame rxamined and to specitr writte~ objectioos w the n-arketabillty oE the title. i[ any.
3. In the erenc ~id title a found co be marketable. or no apcci[iatioa~ of objcctioru thereco are praeAtcd rviehin
the period ot time allo~ved tor such purposc, or in the even~i.iid title u made markeuble atter ~peci(iptiona ot objatan~
thereto as hereina[tcr provided, tl~c Purchaser. within .._..._____ ._ __._ dar o[ the happening of eid~er of said eveats shall pay
thc balance o( the purchau prirc, as above apccified. and the Seller ~hali thereupoo deliver to thc Punchaser the Stller'~
General w+arranty decd to the propeny converina title thereto in at~otdaace with ~he p~ovi~ions ot this
Co~tract, and aimultaneouslr thenwich the Punhascr wi11 execute a~d delivcr the purchase raoney mortgaRe and note, it
anr, as hereinabore sct out. Should the Punha~cr de[ault henunder. then and i~ that event the Seller shall r~uin the
a(oresaid cash d~posit as (~dl liquidateci damages tor the failurc oE the Punchaser to consummatc this mntract an<f thr
~ights o[ all partia hereunder shall tcrmioate aud become and be null a~d void. ~
~. In the event that ~aid tiU~ is found to be not muketable and written ~pecitintiona are madc as rryuired above.
the Seller ~ap thercupon have __.12~ __.... dar ~vithin whlrh to make and rendcr uid title markeuble, and shall make
c.•cry nasonablc effort to do so. Should the Scller be unable to so make and rendn uid titte marketal,le, within the•
period aUowed [or such purpose. a~d pmvideci the Purchaser is unwilling to accept such title as the Seller can rnnrey, thcn
a~~d in that evrnt the Sellcr shall [onhwith return to thc Purchaser the ush deposit hercinal,o~e mentioncYl, and d~e
Putrha~cr shal) nturn to the Sclk~ nc~ alntract o[ title ~to said property. a~d his copy of chis concrACC, an~l ~hc riRhta ol
thc pania und~r this contract shall tlurcupon tcrminate and Ixcome and be null and void.
5. Unlcss otherwisc providccl I~crein, all adjustments ot taxcs, litns, insurancr premiums, intcrest, rrnts or oth~•r irerm
o~~ said property sl~all Fx m:~de on a pro rata basis as of the dat~ of titlc closinR. AU taxes tor prio~ ye•a~s shall --e paid by
ihc Scller.
Docume~tarv stam~u on thc deed ahall l~c paid by: . $EI'I'ER
--- - .. . _ . . .
Surtax on the drect sh:~ll be paid bp: . ._ .. N N~- -------_ . . ... .. .. ... .. . .
Ikuumcntar} samps on chc notc shall ~ p:~id by: -- ~~~~~$~~--- ._. -
l~~tanRiblc tax on thc mortKaRc shall bc p:~id by: PUItCHA~ER _
('os~ of abstnct and rnoti~~uation with corrcetive instruments, i( necessaryr. "slull be paid bySELLER
~. sru~r itYO~{f117Ct W• B• TILTON REAL ESTATE~ _ INC.
:~. tlu• rc:~l cs~ate brokcr in this transiction and agrtt~ to pay tn saiJ hrokcr a rommiatiion o( S SO ~ QQO ~ ~~ ~/'~o A~C d
Ix•inR pcncnt o[ thc total ~ald price, ii, a~ and when thia tnns.ution is wholly an~l (inally con+umma~if f,p~
~~ amm ~a~~! as~c'ont mpluccl ture n,'licrausc a(e hee Icta It of ~I~~Pi rchascrrwt~l at thr ha~h dr~-natt i+rf~ (r ~i. ~I, I~~~ t~c -"~,
Pnn ha~cr, the Sr~ l~r aRnc~a to pay to thc alwve named re-r1 estate bmkcr one-half o( thc ~,rM~~cds rcmainin~; tmu~ rh~•
forfeinyl eash de~wsit a(ter havinR first declucted th~reirom all exptnses incurral by the• Selle~ in counrctiori with ~hn
cont~n~plated s~le ot propenr.
7. Time ahall be oE the essence ot chis Agrcement.
8. 7'he terms "Shcer' and "Purchaxr" shall repment the l~eirs, euecuton, adminiunwn and assiRns, and :~Isr~ thr•
plural, whcn nectssary, and refer to either Render. Oi a~OiFlAi.l[t cntitr.
9. Posxssion will be given Purchaser on _ C~atB _ Of-- -CZflS~II$a -.--- -- --.-_•- -.. --. - . - - .- - -
10. ~'his instrument shall become effective as a contnct when siRned by. Ruyer and Seller. If no~ ere~u~erl
b~ all partics on or bt[ore OCt• 17~ 1980 .. .... any mon~y~ de~xnitcd ~hall be re(unded and ~h~ prn~xned
transac-tion sl~all tttminatr.
Fx~•i ut~~d h~ r~~~~r»~er ~i~~s v~~ clav of ~CtO~'r
F.~~~~ ut~!1 hc Scllcr thi~ ~la~ ~~f October
I\ ~~':-1~\I tS l\'11F~RFOF th~' ~~.~r~~~ ~ hi•t~•tn li.ni• hr~~unt
N I 1111 11
tr•ncJ. •~•.~Ir~l .~~~~I ~1~1nrt~~1 in 11~~~ ~rtt~~•n„ ~~f.
,\ ~ ~ '
~ yd~~il~=,~''
AS TO PURCNASER
~tit ~t.,
~tG~ ~c r~F ~ ..
• ICHARD ~IC : as Trus tee ~ a c~
~' _, Indivi~ually
-- ~ ~~~G~I~~ ~EMA1`RE~,~,`~P ~tir: ~i.,
.'~ , as rustees and
Individu~lly
(SF..\ .~
,,i ~~.~
AS TO SELLERS
~
f
~
~ ~ ,.:i . _ -
.,~-~.r~: ~.~ ..::_~ r~_._: _.
,~F:,~..
; instrument was acknowledged before me this ;~ y day of
~by Hazen Kreis.
L~
:~Z-U~ ,.~_---
Itil 11.~
~rrkt~v~•:n:
N'. [3. 'I71.TON REAL ESTATE tc INSUR.41~(:E. TNC.
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~Notary Seal)