James W. and Laura L. Keith - Page 6




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               (6) The buyer may not transfer or assign their [sic]                   
                    rights or interest in this contract.                              
               (6a) Fire Insurance in the amount of $__________ from a                
                    company approved by the Seller must be kept in                    
                    force at all times, seller named as loss payee,                   
                    until all terms are met by buyer.                                 
               (7) Payment of the monthly installments of $_______                    
                    are required to be tendered to the seller at its                  
                    offices stated above or other place so designated                 
                    by the seller or its assigns, and payable in                      
                    United States Currency, on or before the due date.                
                    Any payment accepted more than ten (10) days                      
                    beyond the due date will require an additional                    
                    charge of 10% of the amount payable, and the                      
                    acceptance of same will not modify or novate any                  
                    other terms and conditions and will not act as a                  
                    waiver of the sellers [sic] right to declare the                  
                    contract in default and null and void and of no                   
                    effect.                                                           
               The seller agrees to convey to the buyer(s), a Warranty                
               Deed, free of any leins [sic] and encumbrances within                  
               ten (10) days after all of the terms and conditions of                 
               this agreement are met by the buyer(s).                                
               Should the buyer(s) elect to acelerate [sic] this                      
               agreement, then the terms and conditions of the                        
               promissory note executed contemporaneously with this                   
               agreement by the buyer(s) would determine the amount to                
               be tendered by the buyer(s) for the acceleration in                    
               order to prematurely obtain a warranty deed.                           
               Should the buyer(s) default or breach or not meet any                  
               of the conditions of the terms herein specified, then                  
               this contract and the note attached evidenced by this                  
               contract will be immediately declared NULL & VOID, and                 
               no futher [sic] benefits or equities would be accrued                  
               to the buyer(s), except that the buyer(s) would be                     
               liable for any monies unpaid under the terms and                       
               conditions of the contract to the date that the                        
               contract was declared null and void.                                   
               It is understood and agreed by the Buyer(s) and the                    
               Seller that the $________ ernest [sic] money down                      
               payment, and the monthly installments and other charges                
               tendered by the buyer(s) from inception, and any                       





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Last modified: May 25, 2011