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I the said Jl8rty ot the Beoond part shall at any. time !)rior to Baid d~'te have paid the 1l8rty
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I Of the, first rert. the total eu~ ot !Lwo thoulWnd (.2,000.00) Dollars, plus all aoo_ed inter-
j est,on the total amount of sai4 purOhase prioe of Baid property. then and in that ev~nt, the
! party 01 the first part Mall make, u:eoute end deliver to the J)8rty of the seoond part a
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I good and euttio1ent warrenty deed
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: seoond part,
oonveying the property above desoribed to the party of the
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and the party of the seoond part shal~~m8ke. exeoute and deliver to th9 soid
; party of the first part his promissory note for the balanoe of Baid purOhase prioe in the
(sum of ~hrGe Thousand Dollars, and shall make, exeoute and deliver to the 8ald party of the
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;.first part a good and suffio lent mortgilge deed wi th full warruntle 8 oonveying the property
j hereinabove desoribed to eeoure eaid promissorty note; said note to te eeolred in and by
ieaid mortgage, shall be pa~~ble on or before three yeore after date thereof, 8nd shall bear
~intereet at the'rbte of eight per oent. per 8onum, intere6t paJable seml-snnually.
IT IS :rUHTH1!1t UlIDKRSTOOD Am> AGREED That the .perty of the first p&rt stell pay one-
half of the taxes on the above described property for the year 1923, and that the narty of
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the seoond J8rt sh811 pey one-half of the taxes for the year 1923 and all texee on Baid pro-
,perty subsequent to the year 1923.
IT IS FURT!]m UllDERSTOOD AND AGRE:ID That the J)lirty of the eeoond 'Part shell, during
the term of t!ds agl'eement, keep' the buildings upon e.aid >:'remiees above dfscrlbed ineured
for the beneflt of the party of the first pert in, a oompany satisfaotory to the said JIl rty
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of the flrst part In . awa not less than ~3600.00, all in~renoe polioies and renewals there-
of to be depoelted with the said party of the first pert.
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I! I~PURTEBR unDERSTOOD bUD AGREE~ by snd between the parties hereto that the party
of the eecond part may at any time during the term oi this cfreement receive from the ~rty
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of the first part 6 good and eufflo1ent warranty deed conve~ing the pro~erty above deecrlbed
'\0 the :P8rty of the seoond part, free from all incumbranoes .,upon payment by the party of the
second pert of the total amoUnt due on the purohose prlce of ssid ~operty, plus all aocured
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interest at the rate 01 eight per oent. per annum.
IT IS ~UHTHEH Ull~1RST00D AND AGHEED that 1n 06se of the failure of the party of the
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seoQD4 pert to make any of the sbove mentioned pa~ments, or any pert thereof, or to perform
any of the oovenants on his pert, her,by made and entered into, thla agreement shall at the
option of the party of the first part, be forfeited and termin~ted, and the party of the se-
oond port shall forfeit all payments by him made on this contrsct, and saoh payments 8hall
,
~e retained by the party of the first pert in f~l B8tisfaction and liquidation of all dam-
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egee by her sustalned, and the said -party of the first pert shall h&ve the right to re-enter
end re-take possession of the premis~e aforesaid without being liable to any action therefor.
IT IS FURTHER UNDERSTOOD AND AGREED by and betw.enthe portiea hereto that all of the
oovenants herein oontalned shall enure to and be obligntor~ upon the helrs, exeoutors, admin-
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lstrstors and &selgns'of the resPective poriies.
IH ~ITUESS WHZRK0F, the pertifs to these presents have hereunto s~t their hands end
,ea1s the d~y ond year flrst above written.
$lgned, Sealed and Delivered
in frlelnoeo":
C. M. Ordway ()
XJ,.yn Th01D6 8 0
Sell1& J ~ kndrews
(Seol)
(Seal)
Charle s U. .anderson
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,T..TI 0.' nOhIDb,
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90UUTY 0, 8T. LUC lB. )
I OB THIS DAY personally appeared before me, an offioer duly authorized to administer
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fathB ond take aoknowledgments, SellD8 J. Andre.. end Oh~rles II. Anderson, to me .,11 known
~o be the ~r80ns who executed the within Agreement, end they aOknowledged betore me that
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477
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