|
<br />
<br />
<br />•
<br />•
<br />•
<br />
<br />Tar erlaMe rive NOb r«. gre.d -r l-r I ..
<br />felrreer btl fiebla C^.Irir 18C 7414771
<br />For use In sale of
<br />VACANT LAND ONLY
<br />RECEIPT AND OPTION CONTRACT
<br />(VACANT LAND)
<br />~~/d/ ,19c+~
<br />~)ZECSIVED FROM ROSS T. YLOYIMAN~ JOHN J. HAINES. DAZE R. (iU[MiERSALL. PHiL J. SPA
<br />Parchaeer (tYR the wm of =~,. Onn , in the form of check
<br />to b• held by ~dlr>`+~
<br />~Alfl ac earnest money and part payment for the following deceriMd real estate aiWate
<br />is the County of Arlarea „Coloreds, to wit:
<br />NE 1/4, SE 1/4 of Section 26 and all the land lying West of .
<br />. U.S. 85 Sn the NW 1/4 of the SW 1/4 of Section 25, Township
<br />One South, Bangs 67;Weat (containing 50 acres more or leas.
<br />(Essct amount to be, determined by survey.)
<br />Together with ten shares of Fulton Irrigating Mtch Co.
<br />with all eaeemente and rights of way appurtenagt thereto, which property purehaeer agrees to buy upon the
<br />tolbwiogtermaandconditionaforthepurchuepridof{Q~~n-nn ;+.*=cre payebleufollowr.=~.nnn nn
<br />Mrebyreesiptedfor,f Wort non-refun able. The sum of $8,000.00 due on or before
<br />February 1, 1981. said amount non-refundable. An amount equal to twenty per
<br />cent (20x) of the total purchase price, less the $10,000.00 amount paid for the
<br />option, said amount payable February 1, 1982 (the closing date). However, Pur-
<br />chasers have the option of paying sooner and closing at the time of payment.
<br />Balance shall be paid in ten (10) equal annual payments with ten per cent (lOZ)
<br />simple interest commencing February 1, 1983, and on the let of February each
<br />year thereafter.
<br />required and purchawr agrees W pay (1) • loan tnmAr fie not to a:eesd >< ) u internt
<br />ra4 not to •:ded -96 psr annum. If the lander'c consent to ^ ption is required, this contract is
<br />•apreuly conditioned upon obtaining such consent ange (n the terms and eonditione of sash loan eaapt u
<br />above a4ted. •,
<br />if • eeeu ,cured loan is to be carried by the cellar, seller shall not be obligated to carry said loan for say
<br />stw~eMNyiwiic. ,
<br />Priatolnelude:. As shown on addendum_
<br />•
<br />•
<br />1. J-><7dtrt~>mtx7tlo~xa~t~tapprlyylmetlnaixtltrmgcm,at_ arrant commitment for title incuranea policy in ae
<br />amount ual to the urehaea ry
<br />eq p price, at seller's option and expense, shall ba furnished the purchaser on or befon
<br />i......~ 1 S , 19.81_ If seller sleets W furnish said title Inwranee commitment, caller w1U
<br />delver the title loanranea policy to purchaser after ebe)ngand pay the premium thereon.
<br />i T(W-shall be mereban4bla in the cellar, er;eept as stated iu this paragraph and in paragraph 9. Subject W
<br />payment or tender u above provided and compliance with the other terms and conditions hereunder by pureharr,
<br />the wUsr shall saeeute and deliver • good and sufficient ge~~Ta ~ warranty dNd to said purchaser
<br />oa ^- t-°F^-° 4°h~••~ t 19$2. ot, by mutual agraemaot, at an earlier date, conveying said.property fray
<br />and clear of all taxn, ueapt the pnaral eases for 1982 payable,lanuarY 1, 19g~, and eaeept 7+^^~
<br />fro and eelar of all liens for epaeial improveoenb now ioataLed, whether asaeYed or sot; free and char of all Iwna_
<br />and eaeumbranees eaeept:
<br />Sellers retain all mineral rights including oil and gas except for all sand and
<br />gravel deposits which are to be conveyed to Purchasers.
<br />and eaeept aaeemenb tor:
<br />NoteE
<br />and autljeet to building and zoning regulations and the following restrictive covenants:
<br />11 HOne
<br />~~ I~
<br />s. General tease for the year of closing shall be apportioned to date of delivery of deed based on the most recent , ~
<br />levy and the mwt recent meaement. Prepaid rents, water rents, sewer renb, and interest on eneumbnnua, if any,
<br />and Nene ~i
<br />shall M apportioned to date of delivery of deed. ..
<br />li '~
<br />\u. SC te-19~7T. MMIy,..A rpu...,.n....ryr...m1.~,aF-nr.niw~l r~~L6.hn.. rir.ln.b e...~n ,,.., ~~...c i•:. ^
<br />15-4 rl'~."
<br />
|