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Tendee's intention 80 to do. All p~ents to be made at the otfice of the Vendor, 62? 'if
A.enue. New Tork City.
jll noti088 8hall be binding if mailed in a postpaid wrapper addr.8sed. if to the Vendo · LJ
to 110rlda ImproYement Oorporation. 627 'lfth ~enu.. New York City. and it the Vendee. to
Tiola Outhridg.. Port W08hington. Long I~land.
It il mutually covenanted and a~reed that the Vendor will p~ all State, County. an4
draina!.e taxe8 up to and including th08e for the year 1924, the taxes for the calendar year
1926 to be apportioned 88 of September 28.1926. and that the Vendee will pay ell SUb8~qUentl
taxe8 on 8aid property.
It il mutually covenanted and agreed by t.he partles hereto a9 follows: that the Vendor
after receiving p~ment In full of said principal and interest end all other sums chargeable;
in itl fa.or hereon and the performance of allot the agreements of 8aid Vendee herein con- f
I tained. and upon the surrender of this coptract. w~ its o~n exp8n.., furnish an abstrao;
I of t1 Ue showing 'good t1 tie to 8ai~d~d~eoute and deliver to ,.8aid Vendee a warranty I
I deed of Baid described Jremi8es. excepting from 8ald warranty all liene and inoumbrances I
I wbloh may have accrued on eeid land or buildings subsequent to the dote hereof. or through I
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, the acts or negligenoe of said Vendee. provided, however. and this cont~.ot i8 upon the ex-
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I press condition that in the e~ent that any ot the p~ent8 hereinbefore required to be made
I bl the Vendee be not promptly and fully paid within sixty daY8 next after the 8ame become
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I due and payable. or in the event of the feilure of the Vendee to per~orm, comply *ith, and
i abide by any of the covenants or agreements of the Vendee herein 8et forth, then in such
I e~ent or eit~er o! them. the Vencor may at its option pursue either of th( ~ollcwing courses!
i to wi t :
I A. The Vendor may terminate this contract end retain all paynents theretofore ~ace ~ere-
i under by the Velleee as rental for said ....ane. and in liquidation and satisfaction of the
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1 o&mages by the Vendor sustained by virtue of the breach hereof by the V~ndee, whereupon all
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~ 118bl1it~ of the parties. the ODe to the other, hereunder shall oease ana cetermln8. and
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the Vendor shroll haTe the right to re-enter an~ take po~re98ion of said land: or
B. The Vendor may declare the whole of the unpaid bsl~nce of saio purchase price to be due~
and payable fo~thwith, and may place this contrac~ in the hands of an attorney at law for the
collection of such unpaid balance. and if so placed in the hands ot en attorney at law. the
Vendee shall pay to the Vendor a ressona~le attorney's fee. a8 .ell as such unpaid balance.
The time of payment shall be of the v~ry essence of this cont~aot, but no delay or omis~
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.ion of the Vendor to exercise any right or power accruing upon any default made by the Vend.e
in &Py of the p~ents hereinbefore required to be made by the Vendee, or upon any default
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in any of the covenants or agreements herein of the Vendee shall impair such right or power,~
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or shall be construed to be a walver of any suoh default or aoquiesc6nce tr.ereln. i
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j Bxcept for the payment of taxes whioh is he~ein elsewhere provided for the Vendor cove-;
inants that it has not done or suffered snd will not do or suffer anything whereby the 8aid Pfem-
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I ,lses have been or may hereafter be incumbered in any way whatever. I
i If toe title of any part of the property herein describeo.ls fo~ any reason not market-]
I able, or if the Vendor Tiolatel the oovenant herein oontained as :egarts Incwabrances. this I
i contract shall at the option of the Vendee be and become null and voId on Vendee's giving I
I thirty da18' notlce to the Vendor. end the Veneor upon the reoeiving ba~ot this contract I
I on the day and hour melit10ned in Bald notice w111 thereupon oanoel aaid con Uaot end r.- I
pay tI. the Vendee all moneys paid under th1e oOl.traot with interest at the rate of sh: percc!t
Deed to be delhered at the otfice ot tha Vendor. 627 1'ifth Avenue. Uew York City.
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pll' 8J1DUIII.
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