HomeMy WebLinkAbout0376_374Under this option 0ontrmct the PwlehaNr OaahO$
exercise its option until Doeemoer 1, 197U8 as provideo nerein.
Nownver, should the Sellers desire to accelerate this option
data and give to the purchaser an earlier data to exercise Lnls
option, Lowy may do so by diving written notice to Low Purchaser,
LIwL Lowy are ready and willing to vacate the premlued under
i
jpLaon and to Immediately offer the land for sale to the
pure ager on the terms and aondltlons ae dot ;auL In LIIIs Option
C4nLraa1,. Upon receipt of such notice this Option may be exer-
cised Iawdistaly by the Puronaver. The Purchaser agreed to
.ouperaLe w1Lh the tellers In perh'ectiag and Lransl'arring L1Lle
L., tow Purcraaer and to do any and all things reasonably neueoaary
L'i aamplete the sale.
In the event Llat LIN PUrChaaer exeruises ltd Option
Lj purenase, town Low &mounts paid under tnis Option CunLIWcL
ahall be credited on Lnr total uaan conalderaLlon to lie paid
and wiall us part of the cash consideration to be paid when Lor
deed Is delivered. haLluriu- upon LOW part of ear Pure aser La
exer•ci►;r 1L., upLLjn Mall w.,r4 as a forleiture Jf all money paid
au :s .:.;i:,lderatldu rar this agreement and tie paid conslderatl:,.►
auala .„ reLaUNd by tow Sellers as lull puyment and settlement
1',r• Ln.: apLljn granted by tills Instrument.
in Lne event that Low Purcraaer eaereluea its opLl.in Lu
sur oils.;�:,
Lose 4uu acres al' land snail be s.,ld at the price of
$,,uu.uu per sure or a total consideration or ",000.00i LINn►
as W $.Uu,UUu.uu shall oe paid as rollowut
(1) Tne cadn .:.,nalueraLlun upon dellvery a/' a Deed
unnll not exceed 2y% of Lhe total coin payment.
(�!) Tow ualanee of the oon.lideroLlon al►all W
•tivitted 1nLu !h annual payments, tow fust paymrnL shall W due
ir► .►nr year frim Lire date of closing and a like payment on usid
/'or each of Low falloving years until the 15 annual lnaL:alld►e►;Lr.
14:1ve been paid In full.
(3) Said installment vendor's Alen and deed or trust
naLe shall bear Interest at bo per annum.
(4) The annual payments provided ror above snail be
•at^-alaLed on the Level Payment Plan.
Tow Sellers give tc, :ne Purchaser, anti Ata duly authorized
Y
a✓elkLa and employees, the rig" +re option period and at
any and all times after exeru :e election to purchase
ner•eln provided Cor, to enter upon the Aand conveyed by