Loading...
HomeMy WebLinkAboutScan_1366 t ttt) ) 1 .J.,..............~ (s~) of the Borthwoat Quarter (HIl); and the Northeaat Quarter (IBi) of the SoUthw'8t Quarter (sll) of Seotlon 31e'Yen (11). Township Thirty-four (~) South. Range Thirty-nine (39) !ast. oontaining one hundred twenty (120) aore8, more or le8s; SUbJeot, howner. to thtl ea8ement and right of way of all publio roada and drainage ditohes. fl In oonsideration thereof. the party of the eeoond part hereby oO'Yonante and agree. to purohase 88id lands and to pay the said party of tho first part therefor the SmI of Thin;,> Thousand Dollar. (.30.000.00) in the manner following: The 80m of One Thousand >>ollar. (.1,000.00) ca~h upon the exedutlon and dell'Yer,y of this agreement. the reoeipt whereof is hereb;: aoknowledged; the sum of Six Thousand Pi'Ye Hundred Dollar. (.6.600.00) on or before July Pifteenth. A.D. 1926. or within thirt,y (30) day. after delivery ot ab,traot as hereinafter pro'Yided. ehould abstraot of title be delivered on or before June Plfteenth. 1926; the SUD of Three Thousand Dollar. (13.000.00) on or before one year after oloSing date; the sum of Three Thousand Dollar.($3.oo0.oo) on or before two yeare after olosing date; and the sum of Three Thoussnd Dollar. (.3.000.00) on or before three 1ears after olosing date, together with intere8t from date hereof at the rate of seven (7) per oent. per annUlI. payable 8emi-annually on the wb>le sum or B11III. relDBini~ from time to time unpaid, exoept as hereinafter noted; J (~4.600.00) on or before one year after olosing date; the BUD of Pour Thousand Fi'Ye Hundred Dollara ($4.600.00) on vr before two yearB after oloBing date; and the sum of Four Thousand Five Hundred Dollar8 ($4,600.00) on or before three years after oloBing the Bum 0 f Pour Thousand Pi'Y. Hundred Dollara ! , } date. together with intereBt thereon from date, or 80 much thereof remaining from time I to time unpaid. at \he rate of Six (6) per oent. per annum. And the party of the seoond part further oavenants and agrees to pay all taxes. asse~sm6nts. or impositionB that may be legally levied or i~posed upon said lends sub- sequent to the year 1924, and in oase of the failure of the said party of the seoond part to make either of the payments, or any part thereof, or to perform any of the oovenants on his part hereby made and entered into. this contraot Shall, at the option of the par- ty of the first part. be terminated and canoelled. and the party of the first part may ratein all payments made by the party of the seoond part on this contract in full satis- faction. and in liquid6tion of all damages by them 8ustained. or, in case of suoh fail- ure or default as aforesaid, by perty of the s800nd part, tile party of the first part shall hove the right to pursue any appropriate remedy. eithor at law or in equity. for the enforoement of any of their rights hereunder. or for the oolleotion of any of the moneys hereby agreed to be paid, and in caBe of such failure or default as aforesaid. the balanoe of said purohase prioe and all sums of money payable hereundsr shall imme- diatelY beoome due and payable. and may be oolleoted by foreolosure in the same manner ) 1 the party of the first Pf,t~shall have the right to re-enter and take possession of the premises aforesaid wi th~i able to any aotton thorefor. It is mutually understood end agreet. by eod between the parii.s hereto that upon payment of the total sum of liiteen Thousand Dollar. (.16.000.00) at any time after the as is provided by law for the foreclosure of mortgages. or otherwise, and the party of I the seoond part. in case suit shall be brought hereunder. agree. to pay all cost., . I oharges and expenses. inoluding r~asonable attorney's fees, inourred or paid in- oDnneotion! I therewith; and further. that upon suoh failure or default by the party of the second part1 j I I i I ! I :-1 18t d~ of July, A.D. 1926 upon the purohase prioe above reoited, that the part7 of the first part will exeoute and deliyer or oause to be exeouted and delivered a warranty deed oonveying tho abo'Ye deBoribed preaise. to the party of the .eoond part, and take ~: :'~_~;'~ ~;,-::/~~t~\~:.,~~~'~:~~{~ <-~'::~j~~~ ~~~>~,