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end said parties cif the sactand part, !n er~nsideratian of Lhe promises, hereby agree
<br />to pay said parties of tho-first part at such place as parties of the first part may fronn time
<br />to tiz~7a deal,~natG in writing a.e and for the purchases price of said premises the sttm of (inc~
<br />Il~~:~~rs~et t~ty Thai:~anfi ~~r~i ".a/1'~?i {~x.t30,Ot~0.00) iJall~.tryr ixt ~~azaner and at t#mes iallo~i„~,
<br />ta~-a°~ita
<br />X10, Ot10.00 - Do~•n payment, recfl[pt of which is hmreby
<br />aolnrawledged.
<br />~~1~0, 000. t~0 -- rursuant to tt~e provisions of this Corrtrnet
<br />. for .t~ecd, ~~rl:sici2 principal amount, ta€~etb~~r
<br />Frith izcte:rast thereon from ueptexaber 1, 1972,
<br />at tine xazte of ~evQn and ane-half (7~r~1 par
<br />cant par aura. sha.Il be payable as foltaws:
<br />~oxx~nencing axt October 1, 19'i2, ~nionthly
<br />p€:ymenta of €~ne Thaus~:nd Farty caczd No/1U0
<br />{:J1, Q~tJ.Ot!} Dailar€~ shrcll ho made ctntll, k~ctt
<br />not befare, January 1, 197, at ~~vhich tlzne
<br />~iantl:Iy pav~;~enk,~ og a Ttzc~u~3at~rl f'nrrq ~an~i
<br />Fla/10Q {1, O~10.0i3j Doliars or rnorc~ ~h~.ll b~~
<br />rnazie until thQ a~atlrc~ principal baia::ce to:?ther
<br />with accrued but unpaid interest has been paid.
<br />Tt is understand, however, that aut of each monthly
<br />papxn.ant tharey shall first be d~ducterl the aforesaid
<br />lntereart ac+~rued to the data of pa.yrnent aul t':~e
<br />laaila.nce, !f a~a~~, caf srcid mc~zathly pa~-r:~ent F ~f:lied
<br />!n rc~iuctian t~f t#:e prinaipal balance.
<br />fluid parties of the set~ond part fuxthar es~venant and agz~e~ as follows: to pay, be:fare pEnalty
<br />atttcahes thereto, a.Il taxers due and payablca in the year 19'3 anti in ~ubsequcnt years, and all
<br />special assaasrr:antB IZeretofore or hertiafter levied. Parties of the se3cond part shall, fn
<br />z:c?d#tlon to the ~noz~t?zly payn~.entt~ hc~reinabo~re described, rrial;€ payments in an arxaount of
<br />1/12 of the annual tax~ee~ axed hazard insurance pr©nniums ag determined from tims~ to time
<br />by parties of the first part. Coaz:mencini; vJith the ~etober 1, 1372. payment and until furth4r
<br />Hotter, ~t~rh additional pnyrnent null be ~1, 000.04 lser month..
<br />xlnv b~zilctir-~s tend la~~,pz~iexncnts now on said 1ar~d, ar z=,~hich s'r~alt har~~fter be
<br />erected, placed or nxad+~ thereon, Bhail nat ba removed therei'rrim, but shall be rcrui reraa.ln
<br />the pral,erty of the partios of the. first part until this c~ntraGt ~h=±.tt be ~.~lly perform~cl bq tht~
<br />parties of ttae secc~zad part. .fit t}+eir ~.~.,•n c..~c~~se, pl~tles ox Ll:, eerond pmt sh~+.It a,;~c;~ t?.e
<br />prerniaes izt good n~alnte[utnce, and :,eep the builcli,r~e on ~~t~t l~r.~2:~ise:¢ ~.L ;ill tixr~es ix:s~zrod
<br />in sc+rr~e reliabie insurance coxrpanv ar cox;~pa.nles, aga,i:~st lass ~vered by ftr~:
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