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HomeMy WebLinkAboutScan_0492 il 4>>2 'I , I ~ - .. - - ---~ . ~ and marketing similar traots. FIRST: The parties ot the fIrst part horeby represonts that the legal title to said property is vested In themselves, Via; W. H. Thurston, and Zsther D. Thurston. his ~ife and that said I I, title to property was aoquired by ~.8.Thurston and said tirst party has legal right and full powe~ to oonvey aald property to purohasers. An~ sald partIes 0~~9t part agree to make good and suffioient warranty >>eeA& with abstract of title to all land, paroels.' or lots sold unfier this oontraot. 3E001,D; The parties of the first part represents to bhe seoond party that there are no enoumbranoes on said reel estate whatsoever. exoept $15.000.00 due Feb. 22. 1~25 and a first mortgage for $22,500. due 1-2-3 years from Deo. 27. 1924. and that said first parties agrea to pay otf SQoh enoumbranoes or arrange a satisfaotory release on or before ten days prior to the sale date hereinafter referred to for the sale of tl~ property hereinabove des- oribed.. TRIaD: The party of tl~e second part agrees to pay one half all expenses of-------- advertising. and. selling of' seid land herein desoribed at rublic ~ction . except permanent improvements such as the p.~rchase of material and building bridges or orossings at the e:1tran- ces of the streets. FOLTRTH: For services rendered and to be rendered. the party of the seoond part is to - reoeiVe. in cash. a commission of f1:tt8en.per~'cei1t of the grOGS amo\mt for which said real estate is sold by the party ot the second part, at the olose of the sale. 1/4 of which is to be paid in lien notes on property. FIFTH; It is agreed arA express~y understood by all parties hereto that said Real Es- tate is to sell at the highest price bid iY~.en put up at Public ~uction by pRrty of the second. part, and all sales undsr this oontract are to be oonfirmed by first partks by signi~ the purphaser's contract of any parcel, ~ot, or lots out of t~e area hereina~ove described. SIXTH: It is further agreed by the first and seco~d parties that the terms of the sale of said Real Estate under this contraot shall be One t~ird cash on the day of sale on the purohasers signing the contraot. 'and the balance of the p~rchase prioe to be paid in twenty- I . two equal installments to become due and payable in ~~ of purohase monthly. A lieD is to be retained on the property. secured by promissory notes bearing six ~ interest. ~~d to be payable quarterly. SEVEnTH: It is also agreed that the partits. cr the first part have placed in the second party's hands. exolusively, suid real estate for a period hereinafter recited as the time . limit within which said real estate is ~o be sold by said seoond party. as selling agent for first parties, and in the event that said Real Estate is sold at Private Sale, within said time, then the second party is to receive the s~~ rate of commission. ~IGKTH: It is fUrther agreed and expressly understood that t~e party of the second part is to solicit NINTH: It is agreed b~ all parties h~reto that said real Estate shall be advertised and sold by the party of the seoond part, within Thirty duys from the dato of this oontract. Trr~TH: This contraot is made and executed in duplioate and it 10 understood that any and all oonversations. verbal understandings and representations have been merged into and are a part or the .ritt~n oontraot above and that no verbal agreements. oovenants. conditions, res- triotions, reservations. repres9ntations or understand,ill8s shall modify, alter or ohange this written oontract in any respect whatsoever. ELEVENTH: It is mutually agreed and understood by all the parties hereto that thIs oon- traot is made and entered into ~bJeot to the approval ot Chas. C. ~neeler. General Kanager or wr.eler Auotion Compan:. :1 . .,: ':~}('11~.1~;