HomeMy WebLinkAbout0998 ~ • ~ -
eonnc~ctic~n witt~ tt~e preE~aratiun uz~ ~t?i:; clucu~.iecit_ ~~nci closinq
fees, ancl the E~ay~nent and diseh~rc~c.~ ~E all 1 i~ns on s~~id property
with the exception of the first mort~3age l~ereinabove recited.
Buycrs sliall t~e r~:sE~onsible for tl~e ~.~ayment of ti~e recording of
ttiis Ayreement, closiny fees, and title insuran~e.
13. Sellers warrant that all built in a~pliances
,~lumbing, electrical an~ airconditioning shall be in working ~
order at thc.~ time of the closing and tt~c~ rooC in good repair. ~
i
E3uyers to pay for a termite inspection report and Sellers to pay '
the cost of any treatment deemed necessary by such report.
14. 1~11 mo~tie~ rec~uired to be ~~aid herein shal:
~
be payable in currency of the United States oE ?lmerica.
. 15. It i~, acknowleclyed by the ~~rties t}iat the .
Buyers are e~tabtist,iny t~anking rc~l~ztionshi~~s and accounts with
. the Stuart l.ational ltank for tt:e ~~urpose of ma};iny the payments ,
as hercin reyuirc:~. In thi~ conn~ction the Sell~~rs to hereby ~
. ~
authorize tt~e ~~icl Stuart Natior~al t3ank to withhold fro~n such ~
,
funds and to pay for their accaunt the first Mortgage wt~ich they
owe and have agreed to continue to pay to GDV FINANCIAL
~
CORPORATION and assigned to the WILLIAMSBURG SAVINGS BAtJK, such ,
payment to include principal, interest and all required escrow ~
,
payments. `Phe remaining t,alance thereafter shall be remitted to
the Sellers at such place or places as shall be directec~ by the ~
Sellers. all at no cost tc, tt~e Sell~rs.
16. The 11ers ex~.rec~sly agree that they will
F
~ not transfer, assiyn c~r ott;erwisc~ c:~r~vey the real property
~
~ describeci in this Instal l~~c~n` ~:alE-~ ~'~~ntract t~ any third p~~rty ;
~ , ~
and will inciemnify l3uyer: i~~~n: ,~n}' ~,n~i all damayes incurred by ~
~
~ IIuyers for viol~tion c,f_ t~~i~: E~L~~vi• s~ In ar~dition, the Se~lers
i ,
~ will in no mdnner cause ~I'1}~ '~lc~ucls ~~t title to be placed upon the '
C
; a~ove described real property subsequent to the execution of this
Installment Sale Contract, including but not limited to any
mortgages, liens, judgments or other encumbrances. If it~is
ascertained that any clouds of title have occurred, the Sellers
~ agree to indemnify and hold harmless the Buyers from any and all
~
~
-~6i.GOLDMwr damages, ~ attorney~~ Eecs, including attorneys fees on appeal, and
~~~.,a.~ ~r uw
~ f (?f ~ A1 NNY-
~ court costs ic~curr~~~1 I,y [~~yers for violation of these
provisions. ~ ~ ~i~ ~~Q
` ~'~Ol( di~.~7 P~S~
: -Page E'ive of Six Pages-
~ `