HomeMy WebLinkAboutScan_1746
~
--.-......
u
]
.- I i~
;J'iu
Pour HWldred 3eventy~one Dollars (.471.00) paynb10 on or bofore April 17, 1928.
with interQ8t at the rate of 8ix peroent. per ann~, payable semi-annually. on the whole
sum remaining from time to time unpaid. All suma not paid "hen duo shall draw intareot
at tho rate of eight paroent per annum.
It is mutually covanantad and agreed that the Vendor will pe,y all .->tat8. Count;,', bnd
drainage taxas up to and inoluding thooe for the year 1924 and thot the Vondeo will pe,y
all subsequent taxes on said property.
It is mutually oovenanted &ld agroed by the porties hereto as follows: That the Vondo
after reoaivlng payoent in full of said prinoipal ond interost and all other SUms ohnrgoab1
in its favor hereon and the perfo r.nanoe of all of tho agreements of sold Vendee herein con-
...
",
"'
-;.
"
)
tail;ed. and upon the surrender of thie oontroot, will at its own expense. furnish an ab-
stroot of title showing good title to said premises in aaid Vendor and exeoute und deliver
to said Vendee a warranty deed of doid described premises. exoepting~om said Warranty
'i
l
j
I all liens and incumbrances whioh may have accrued en said land or buildings subseque~t to
i the date her~of, or through the acts or negligenoe of said Vendee. provide~w:X3rthia con-
t
I
I
I
I
I
i
!
I
.
traot is upon the expreso oondition that. ill the event that ony of the payments hereinbefore
]
>
j
required to be made b;,' the Vendee bo not pro::'lptly and 1\111;,' paid within sixty days lloxt
after the some
bo~om8
due and payajld. or in tha event of the failure of the VOl:doe to
()
perform, comply wi t:t, ond abide by any of tho covtlnallts or agroemonto of the '1endee l~erei n
set forth. then in suoh event or oi ther of the::!, tho Vendor may at its option pursue oi ti.or
of tho following oourses. to-wit:
A.
The Vendor may termina te t~.i9 c:mtract oud retain all paYi:lcnts theretofore mado here-
under by tho .:endoe as rental for said land, rold in liquida tion and s8t1sfact1~n of tr.e
do~nBes by tee Vcndor sustained by virtue of the breaoh horeof by the Vendee, whereu~on
all liobility of the parties. tho one to the other. harewlder sc.al1 caose ~~d deter~i~e,
and the Vendor shall have the right to re-enter ond toice possossion of said land: or
:9. ?he Voudor ::.ay declare the whole of the ur;paid Gular-ce of soid pUT.Jhase price to be
due ol.d payable fo.rthwith. and may !>laoe this cont:-act in tho handa of on attorney at law
)~
.for the collection of such UJlpoid balance, ond If so plaoed in the honds of an attorney
at 1&111. the Vendee shall Pa:I to the Vendor 8 reasonable ottorney's fee. as wall as such
]
unpaid balance.
The U[;je of payment shall be of the very essenoe of this oontract, but no delay or
omission of the Vendor to exeroise any right or power aocruing upon any default rnade by
the iendoo in any of the payments horeinb~fore required to bo made by the Vendee, or upon
any default in any of tho covenants ar agreements herein of the Vend eo shall impair auoh
right or powor, or shall be oonstrued to be a waiver of any such default or aoquiesoenoe
therein,
This 0 mtraot shall extend to and be binding upon the succesaors, assigns, heirs and
p3rsanal representatives of the Vendor and of the Vendee, and _eooh af them; provided.
however, that said H:ndee ahall not assign this oontraot, or ar.(.' interost therein, with.Jut
the oonsent of the. Vendor being endorsed in writing horeon and on the duplicate copy there-
of held by the Vondee.
'rhe terms "Vendor" and "Vendee" as used in this oontrrsot shall be oanstrued &ld t aE-en
I
to mean and inolude the suooessors, heirs. legal representativos and assigno of the Vendor
and the Vendee. and shall be taken a8 singular or plural or gasouline or feminine as the
oase may require.
The undersigned vendee h08 read and Wlderetqnds the whole of the above oontraot and
now states. l.nd in oonsideretion of the oontraot agree_. that this oontreot oonta1n. the
..t
~ .~.~~.~~<~ -~.. ~~>~..\;/';/\?~~/~'.:.~~~;,;
, . .... '.;~.:(~:;~i~~?Y::; ~