HomeMy WebLinkAbout1437
status.
B. The balance thereof, if any, shall be
disbursed and paid to the Sellers.
C. The euyer.s agree to pay for this service
of HAROLO N. GOLDMAN, ~SQUIRE the additional sum of $10.00 per
manth and the said HAROLD H. GOLDMAN, ESQUIRE is required to make
such payments only upon funds received and collected by him and
undertakes no warranty for the preservation of the current status
of said mortgage ott~er than aG herein required.
6. Buyers shall be obligated to pay and shall pay
before delinquency all taxes and assessments coming d~e on and
after the date of closing. In addition thereto, during the l~ife
of this contract, Buyers shall insure and keep insured against
fire or other casualty all imFrovements now on the property and
improvements that my hereafter be built thereon in an amount not
less than its full insurable value, and said policy of insurance
shall tiave contained upon the face thereof a mortgagee clause in
favor of the Sellers as their interest may appear. All premiums
on such policy shall be paid by the Buyers.
7. If Buyers fail or neqlect to pay any
~~ installment of taxes or any assessment or insurance premium when
i ~
;i due, Sellers shall have the riqht fo make such payment ana to add
i;
~; the amount or amounts thereof, together with int2rest at Nine and
i;
~;
j~ three fourths (9 3/4$} per cent p~er annum to the obligation of
,;
~' the Buyers. Such right shall be deemed to be an option and shall
;{
impose no obligation on the Sellers and Sellers may elect to
~ !; treat ~uch neglect or failure-on the part of the~ Buyers as a
~ ~~
~ i; breach of this contract.
~ ' 8. Sellers have obtained or shall obtain prior to
~ ';
~ `~ the closing hereof an Abstract of Title certified to at least the
! ~i
i
` ;i date of this Agreement and shall pay the cost thereof, said
~
` 'i
~ ;' Abstract showing good and merchantible title, sub;ect only to
~
~ ~I this contract, taxes and assessments not yet due and payable and
'i
~~ such easements, restrictions, reservations and other related
~ ~
~ ~~ items so as not to interfere with the intended use of the
~ ~
~+~~ u O L D H. GOLDMAN
arTONNEYATLAw j property by the Buyers. Said Abstract shall be delivered to
~ , ro S iEOfRAI /M1Y. .
~ ' T l UCtE. ilR. p6~
; Buyers on its issuance and shall be accepted by them as evidence
;I
-3- :,-.~~~ 3~9 ~~~E1437
x
~ _
_
;'