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The unpaid balance of the purchase price shall bear interest
at the rate of 6.484$ per annum from January 1, 1988 until paid. All
payments of principal and interest shall, until further notice, be made
to Seller at the address set forth above.
3. Taxes. Purchaser shall pay all taxes and assessments on
the above-described property levied, assessed, or accru3.ng after
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January 1, 1988. Purchaser shall keep the improvements on the property ;
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insured for an amount not less than Fifty-Six Thnusand Dollars
($56,000.00), payable in case of loss to Seller.
Should Purchaser fail to pay any taxes or assessments as here-
in provided, or fail to keep the property insured, Seller may, at his
option, pay all or any of such taxes and assessments, and obtain such ~
insurance, and Purchaser shall repay to Seller, on demand, the amount ,
of all moneys paid by Seller on account of such taxes, assessments,
I and/or insurance, tagether with interes~ thereon from the date of
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I payment until repaid at the rate of 10 percent (10$) per annum.
i 4. Delivery of Deed. Se11er, when the purchase price, and
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all other amounts to be paid to Seller, are fully paid as herein pro-
C vided, and all covenants and agreements on the part of purchaser to be
~ performed have been satisfactorily performed, will execute and deliver
to purchaser a good and sufficient warranty deed conveying the property
free of all encumbrances made, done, or suffered by Seller.
5. Possession. Purchaser shall be entitled to possession of
th~ property from and after January 1, 1988.
~ 6. Prepavment. Purchaser may prepay, ~t any time, without
~ enalt and without notice.
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