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TOW1l8blp fblrt)'-slx (36) So~~h, Range Thlrty-oeven (37) East. 31x hundred ten and ten
one-hundredth8 (610.10) teet we8t ot the Uortheast ~orner ot the Uorth ".8t ,fuarte\"
(uwt) of the ilorthweat ~U8rter (1Wt) ot Seotlon ElevAn (11) Township thirtY-81x (36)
soutb. RODge thirty-seven (37) Ea8t. run tbenoe South elght hundred nlnet)'-aix end
ten oDe,hWD~redth8 (896.10) feet to 8 8tate on the right,ot W8Y line ot the 3tete
Highway i8. 88 now deflned. run thenoe Southw68ter11 tour hundred aeven and ninety
one-bundredtha (407.90) teet to a atate on 8,id right ot way linG. rUD thenoe Uorth
one tbou811nd forty-two and ten one-hulldtedt{8 (1042.10) feet to a stako on the llorth
llne of Baid Hortbwest QU8rt~r (lfll~) ot the northweot Quarter (Inri) of Sootion Fleven
(11) Township thirty-six (36) SOllth. !~8nge Thirty-seven 137)' ZBst.. thence Fest three
handred eighty-one teet (381) feet to the point of beginnll~. oontaining eight ond
forty-eight ooe-hwldredths (8.48) aoree more or ~e8a.,
~he Vendee ogrees to pllrohsse and does purohase the abovo mentioned propert1 lex the
OWB of Twenty-fiye hundred (~2600.001 dollar8 whioh mnount Vendee agrees to pay to Vendor as
foll.,W8:
The aum of ?lve h~ldred 1$600.001 dollars 'in oash, paid thls da1. the receipt of
whiob i8 hereby aoknowledged. and the relllOindero:f 8aid pllrohase prioe in installments as
followl:
Seven hundred tltty (0760.001 dollars on or before :/ovember W, 1927
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Six hllndred twenty-!lve (626.00 1 dollors OIL or before ~Iovember ,0, 1928
Six hundred twenty-five 16~6.00) dollars on or before !/ovember ~O, 1~29.
with interest at the rate ot 7 peroent, per annum. payable gemi-annuD~ly. on the whole sum
remaiDing from time to time unpaid. 411 8ums not paid when due 8holl draw lnteres~ at the rate
ot eight percent per annum.
It is mlltU811~ oovenanted ODd agreed that the Vendor will pay all State. County,
and dra1nage taxe8 up to snd inoluding those for the year 1926 and that the Vendee wlll pay all
8ubsequent taxes on oaid property from Hovember 20th. 1920.
It i8 mutually oov~n8nted and agreed b1 the parties hereto 8S follows; That the
Vendor atter reoeiving payment in full of said priuoip~l ond interest and all other sums
ohargeable in ita favor hereoll and the pertorlll8noe of all of the agreeClcllts of 85i~ Vendee herein
oontained. and .pon the s~rrender of this oontrb~t, will at its own expense, furni8h all abstraot
ot title showing good title to said preDioee in 8aid 'le"dor and exeoute and deliver to saM
VeDde~ a warranty deed of 8aid desoribed premises, exoeptlng from Bllid warranty all liens and
inoumbronoes whloh ma~ have aoorued OD 8aid land o~ b~i~dings subsequent to the date hereof. or
through the aots or negligenoe ot oold Vendee, provided. however. and this oontract is upon the
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expreas oondition that in the event that ao)' of the payments hcreiobefor( required to be made by
the Vendee be not prompt11 and ful17 paid within 8ixty dOY8 next after the 88me beoome due and
payable, or io the event of the tailuu of the V~tJdec to perform, ooopl:! with. and abide by any
of the covenants or agreement8 of th~ Vendee herein set torth. then in suoh event or either of
them, the Vendor may at its option pursue ~ither of .the following oourses. to-wit :
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J A. fbe VendOr IIl8Y \ermlnote this oontraot ond retain all payments theretofore made
,hereunder by tbe Vendee a8 rental for soid land, and i tj liquidation 8nd aatistaotion of the
demage8 by the Vendor 8u8tained b1 virtue ot the breaoh hereot by the Vendee. whereupon 811
liability ot the partles, the one to the other, hereun4er shall oeooe and determine and the
Vendor 8hall have tbe rlght to-re-enter ond take p08session or 80id land: or
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B. Th. Vendor may deolare !he whole ot tbe wopoid balanoe of said purcha8e prioe to be
due and payable torthwith, oDd may place thi8 oontraot in the hand8 of an attorney at law for
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