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Thl Vondord oovenant and agree tI dellTer to thl puroha.er w1thln a reaaonable ti~e
from the datI hereof, an abatraot of titlo to Bald propert7 brouatt down te date, and t~.
Puroba.lr's attorne, ahall thereafter have fi~e.n da18 tor the exaalnati,n of the 80... Said
Dbatraot 8hall show a good reoord fe. 8i~le title in the Vendera. If upon said examination.
there bt found to be deteots in the title of the Venders rendtring the same unmerohantablo.
the Vend~. BDall have a reasonable ti~ within whioh to oure the s..e and shall make ever,
reasonable eftort to do '1. In the event that the said defeot8. if an" are not curable. or
are not BO oured as agreed. thin the Purohaser 8bal~ be entitled te reoeive back all monels
advanoed under this agre.~ent 01' to waivI the defects and take the laud notwithstanding. thl
ohoioe and eleotion botwe.n these two alternative rights being 801ely in the Purchaser. If
the tltle is satisfaotory to the pur'haser, the tr.nsaotion ahall be closed within ____da18
from the delivery of abstraot. If the title ie UD8atisfaotor, and.defectiye. thw '~anBaotl.n
shall be close4 upon the expirat1on~" the time for the ouring of the said deteots.
If the title 1& unsatisfaotory and the 'Purohaser eleote to demand a retund of the 8llDlS
b, hlm advanood. as abo.e provided. this .hall relieTe the Vendors of all further liabllity,
provided tbe defects in the title are not caused by the act of the Vendora. are bona fl~e.
and provided further tbat the VendoTs have made the reasonable efforts to .ure the same ..
agreed. In llke manner If the title Is unsatlsfaotor,r but the Purchaser eleots to waive the
defecta and take the title notwithstanding, the Vendor. shall be relieved of furtber liabillt,
upon the same conditions and provls10ns above stated.
In the event that the purchaser fails to perform hls obligations under the contraot
after notioe in writing and a reasonab14~opportunity so to do, tbe Vendors shall be entitled
to dellare the oontraot oanoelled and to retaln the sald earnest money as liquldated damages.
The Venders oovenant and agree to deliYer to the Purohaser a good and sutfl01ent
warrant, ,\eec. to said real estate in the usual form, containlng full covenant~ of warranty and
conve,ing to the Purohaaer a merohantable. fee slmple.tltls thereto. free and clear of all en-
oumbranoes exoept as hereinbefore desoribed.
It is understood and agreed that the Verdora shall P87 all taxes for the ,ear 1924. and
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that the 1925 taxes sholl be paid b, tbe p1ttchdser.
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It is rurther understood and agreed tbat interest on the said first mortgage shall be
prorated as of the date of 01081og.
This oentraot shall extend to and be obligatorT apon tbe heIrs, assigns and personal
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pepresentativeB of the reBpeotive partles.
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IN WITNESS WHIREOP ~arW.es have hereunto set their banda ao4 seals the da, aDd
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,ear first ab.v~ written.
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........
w. J. Koll,
Helen Kelly
I. Ilo. Kartin
(Seal)
(Seal)
(Seal)
SIGURD, sealed and dellvered
in our presenoe:
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(
H. C. 1laher
\luani ta Hl\ug:&
STATB ~ PLORIDA. )
:
eOUlTY or PADI BEACH,)
on this da7 personally appeared before- lilt. a notary :p1bl1o in and 'lor sald oount, an4
state, W. J. Xelly and hi8 wife, Helen Kel11. and I. U. Ilar\in. to me well known and by me known
to be the persona deBoribed in and who exeouted the foregoing agre.~nt. and the7 aOknowledge'
to and before me that the, exeouted tho &Sae freely and voluntaril, for the purpo... thereln
expresseel..
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