The URL can be used to link to this page

Home My WebLink AboutScan_2385 5~7 i I ... .JII>.... ~ [ on ~e lat, 1923, lane 18'. 1924 and ~e 1.t, 1926 re8peotively, whioh mortgage note. fa',,,,, are '0 be pald^st~dard. Standard agree8 that it 8hall haye no right 'to enforoe. 'the PQlDen't of the .eyual noh. for p,9OO.00 dahd June lBt, 1922. and giyen b7 SVua ... a8 h.r.inbefore ..'t for~. a8 they mature until S'andard 8hall ha.e .paid the mortgage noto for t22,OOO.00 mah.ring at 'the Beme tim. and each of 8aid notes given by Evan. dated lone l.t. 1922, __all be endor.ed to that efteo't. ,SECORD: It i8 under8tood and agree~, ~d a oondition hereof, that time ia of the ';/.MIU{ , eBB.noe of thie aareement, and it Evan.A fail and negleot to pay 8D7 one of the Baid three promiasory notea dated September lat. 1922. aggr.gating t66.0oo.00 on or before November l.t, 1923, or ahould he fail and negleot to pay anyone of Baid hotea tor $9,900.00 dated JuJ10 18t, 1922. with the exe.~"e1lIof the Baid note for ~,9oo.00 due Juno lat. 1923. when the same lIhall beoOll. due and payable under 'he terlUl and prow1ilion. ot th1B agre.- ment. that then and in that oaae all of aaid note. hereinbefore d.aoribed ~ot yot matore4 ahall 1mmeUahly 'eo.. due and payable .. though the whole bra thereof had run, am .uoh default Bhall alao oaU8e to 1Il8tur. any other note or notea whioh may haye been given Standard by ban. '0 eTideno. h18 indebtedn88. '0 Standard rrol loan. or adyanc.. on acoount of the opera'ion and maintenanoe of aaid property. or the harve8ting er marketing .f &aid fruit under 'he proyialons ot thi8 agreement hereinafter aet forth. and Standard ahall thereupon have the righ' to enforoe the payment of the 'lfhole prinoipal amount of sa.. id note.. 'ogether with the intero.t due and payable thereon. or Standard may, at its op- tion. deolar. thia agreement ot puroh.... null and void~ and in that event Standard ahall b, releaaed frolll all obligation under thi8 &gTeement to Bell and oonvey aaid property to EvaD8. and all,inter.at ot Evan. in and to aaid property by virtue of thia agreement, ah- all 1.~ate17teaae and terminate, and an.v swns of mone;l whioh may have been paid by " 14r 1).tlll . Ev8JUl~ oft CCUD ot the poroh.... of aaid property. lIhall be oonBidered as a payment of rental for the use of aaid premiaea, and aa liquidated damageB for the failue of Evan8 to oomply with the terma of hia agre.ment. Standard &gTee8 that the not. for '9.900.00 dated Jun. lBt, 1922, and maturing JUnt 18t, 1923. and hereinbetore deBorlb.t, shall be paid by and trom the pro.eedB &Ccruing to Bvana fre. the Citrua orop grown on aaid property during the aeaBon 1922-23, provided aaid prooeeda are .uffioient to pay the same. [ THIRD: Proyided and on oondition that Evan. 8hall pay to Jtandard eaoh and every [ of hia Baid promisaory noteB at the time 88me ahall beoome due and payable, and aa here- inbefore provi4ed. and when he has paid to 3talldard any and all BumS of money whioh may be due by Evan8 on acoount ot the terma and proviaioD8 ot thiB agreement hereinatter aet tor'h. whether the B8IIe &hall haye matured aooording to the terma of an7 not. or note8 that ..y haye been giYen to eYldeno. Baid indebtodneaa. Standard agrees that it will exeo. ute and de11ver to Evans a proper17 exeouted warranty deed oonveying to him a good and autt101ent re. simple title ~o an undiY1ded 46~ 1ntere8t in and to aaid property mentioned in said Sohedul. A. freed and diaoharged or all liena or inoumbranoe., aave and eKoept ourent tuo., State, County and Drainage. Evana agreea to pay 46~ of all tax.., state, COWl'y and Drainage, oommenoing with the year 1922, ba,\BTan.' 8hare &hare ot said 1922 taxe8 8hall b. paid by and 1"rOIl the prooeeda aoolu1na to Bvana trom the 1922-23 oitr08 orop f%.. 8ald pre.iae., it sutfloient to PaT the sam.. togeth.% with the other obligatio.. of Bvan. '0 be paid there~OII, 1n th1s asreement .et torth. ,oUR!B: It 1s further und.ratood and agreed and a oondlt~on, that Standard ahall haY. tile ..le .upen1aioD, o~e, management am oontrol ot aaid proper'7, and &hall 0111 tt.. f r f I ~ . ? yate. oare ror and fert111.e the 'ree. grow1ng thereon, aooording to its be8' JUds-en'. L '::~><".. ;;:</:,:.~