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$876.00 on 2nd Aprl1. 1927: '376.00 on ~nd Oot. 1927.
.376.00 on and April. 1928.
together w1th Intereat at ~ per lonum pa~abl.. to-w1t: :en. 1s\; Jul~ l8ti of eaoh year. on the
.hole 8ua remalnlag fro. tlme to time Udpald. When 8a14 puroh8ae prloe haa been tully poid by
o.Rl..o
the purohas6r. together with IntereBt 88 abov& stated. alooAtaxes. alseasments and other
imposltlons that mal be legally leyled upon ..id premises subsequent to the year 1926. th_
Company .111 oonTey the s81d pr..lael to the purobaser b7 a go~d and Buftloient warranty deed
free and olear ot aDl and all Inouabranoes. exoeptlng the taxes. 8sa88aments. and imp08itlona
herelnabove agreed to be pald by the purohaoer. whioh 8ald deed. bowever, it i8 agreed ahall
oontain the following oovenants to run with the lan4:
fa) That no member of the negro race shall. dlreotly or indireotly. aoquire anl
Interest in tbe said premises. and In oaee of any violation of said oovenants. tltle to the sald
premlaes ahall ipso faoto r8yert to the -ompBny.
(b) Tbat tbe Bald premises shall be ueed only for nes. purposes and when so used
the grantor shall forthwith p~ovide for proper sanitary dlspositlon of sewage.
(0) That no building or addltion thereto shall b~ ereot~ upon the saId premi8es
.hereby the f~ont line of s81d bulldlng or addition shall be nearer to the frout line of sRld
premiaea then twenty-tiye teet from the front line thereof. and 110 resldenoe shall be ereoted
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thereoD oQating leas than $4000.00
f d) It i8 hereby spiJoifioelly agreed that the 3001ng System ls hereby adopted as
port of tbe oonsideration of this deed.
Tbe Company hereby agrees to olear all LOte. grade and ourb all streets. lal
neoe8aary main lIne sewers and hard surfaoe at leaat ten foot driveways.
All lots shall be filled to aD average elevation ot at least tour feet ebove average
.ater in Indian BiTer.
The Company agrees to build two eleotrio llght lines Blong the main streets to tbe
Ooean Beach.
IT IS WJTUALLY AGREED that the time of payment bereunder is the eseenoe of this
agreement, aDd that in oase of default by the Purohaser in oarryi~ o~t 8ny of the terms hereof
~y hi. to be performed either in the making of the several pa~entB herein agreed to be made
~1 him. or other.lee. then thls Qontraot shell thereupon. be. and everywhere be deemed t9 be.
null and vold. and any payment8 theretofore made by the purohaser on thie oontraot Shall be re-
tained by the Company a6 its own monel. not os a forfeltare. bat aD liquidated daU8gee hereby
mutaally fixed 8Ud agreed ~po~ by the parties hereto. The respeotive benefits and o'lig8tlona
of this agreement shall in~re to 8nd be bindlng upon the said partles 8n~ their respeotive
luooeesor8. aseign., heirs and peraooal represent~tives, but no assignment of thia oontraot by
the Purobeaer shall be valid without the oonsent of the Company endor3ed In .riting ~POO suoh
G. s. Sajlo\"
Beor.tary.
/___..... By
:(c~J
? G. UoUullen
Pualdent.
( Seal)
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. alsignment.
P<E2 PIEROI 'IHAHCIUG AUD COllSTRUCTlal OOUPAIlY
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Attest:
Signed. sealed and deliyered
tu us in the presenoe of ua:
". L. Sullivan
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