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peroent per annum.
It ie mut~ally oovenanted and agreed that the Vendor wl11 pay all state, County, and
drainage taxes up to !Iud inoluding th08e for the year 1924 and that the '/ende8 w111 pay all
subsequent taxes on 8aid property, frolD .Iovember 20, 1926.
It ie mutually oovenanted and 8gree. by the partieB hereto 88 followa: That th~ V8ndo~
after reoeiving payment in full of 88id prinoi~~l 8nd interest and all other Bume oh8~ge8ble in
ita favor hereon and the performanoe of 811 of the 8greementB of said ~endee her~in oontRined.
and upon the 8u~render of thie oontraot, w11l at ita own expenee. furllieh an ab8traot of t Hle
showing good title to 80id premises in 681d ~endor and exeoute and deliver to said Vendee 8
warranty deed of 8aid deeoribed pramisee, exoepting froD soid warrauty all liens 8~ incumbrances
whioh may have aoorued on said land or buildinge subsequent to the date hereof, or through the
&ote or'negligenoe of said Vendee, provided, however, and this uontraot ie upon the expreBB
oondition that in the event that ~ny of the paymentB hereinbefore required to be made by the
./endee be no'; promptly and f.llly paid wUhin B~xty daye next after the Borne beooDe due and
payable, or in the event of the failure of the Vendee to porform, cODpl~ with, and abide by any
of the oovenants or agreements of the Vendee herein set furth, then in such event or either of
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them, the lendoT may at ita option pursue either of the following oourseM, to-wit:
A. The Vendor may terminate thh oontraot aud retain all pa1lllents theretofore made hereunder
by the '/endee 8S rental for said land, and in l1quidot ion and sa\18f80t 10n of the damages by the
Vendor sustained by virtue of the breaoh hereof by the ~endee, whereapun all liabil~ty of the
parties, the one to the other, herellnder ahall oease and determine, and 'he Vendor shall hov.,
the right to re-enter and take possession ot ~aid land: or
B. The Vendor moy declare the whole of the ~npaid balanoe of satd purohase prioe to be due
and payable forthwith. and may plaae this oontract 1n the hauds of an attorl1e~' at law for the
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oo11eotiol1 of such unpaid balanoe, and if so plaoed in the houds of an attorney at law, the
1endeA shall pay to the Vendor a reo8onable attorney's tee, as well 08 8u~h unpaid balanoe,
'l'he time of payment shall be of ~he very essenoe of this oontraot, but no delay or
O~iS8ion of the lendor to ex~toiee any right or power aocruing upon any default made by the
lendee in any of the payments hereinbefore reqaired to be made by the ':endee, or upon any defaal t
in any of the covenants or agreement~ herein of the Vendee ahall impair ouch right or power, or
shall be oonstrued to be a waiver of any suoh default or ocq~ieacenoe therein.
'ihis oontract shall exteud to and be bindi.ng Upvll the S\100eS30r8, asui~1I8, heirs and
personal representatives of the Vendor and of the 1endee, and eoch of them; provLdej, however,
that said lendee shall not ae8t~n this contract, or any interest therein, without the oonsent of
the lendor being endorsed in ~~~Tlng hereon and on the daplioate oop, thereof held bl the ~endee"
:the terms, "Vendor" and "Vendee" as used in thie oontract shall be oonstrued and taken
to mean and inolude the 8ucoessora, heirs, legal representatives and asuigna of the Vendor and
the lendee, and 8hall he takr,n 08 singular or plural or D8souline or feminine 8S the oase may
require, SubJeot to restriot1one oon\aioed in deed.
':(he undersigned '/endee hatS read alld undcrstonda the ..hole of the above contract end now
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8t8tes, and in oC'nsideratioD ot the oontract ogre8s, that this oontraot oontains the whole ot
the agreement bet"..n the 'Iendor aud the Vendee and that no representation or agreement not
expreu8.d in th1.a oontraot M8 beeD rn3dilJ by the ."'Iendor or Hs agents to indl1ce the undersigned
~endea to eoter into 1t.
III WITNESS ~EREO', the 1eudor h88 oaused this oontreot to be signed in its nome by 1t8
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