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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