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HomeMy WebLinkAbout1954 - Real Estate Contract - Slaton PG / Toulouse Harold - 44986484498648 p slaton leone slaton harold toulouse ethel toulouse THIS AGREEMENT, nude and entered into this ire hereinafter ailed the `seller," and MOLD 2. 70010/02 end 1I, 1. YOUIDOMI, Ida wife hereinafter ailed the ° p srchuer," WITNESSETH : the seller agrees to sell to the purchaser and the purclaiv SW1o�. I a fl o uin orA �. , t the wi tpurtenance', situate in the County of L to purchase of the a>l atr , 41'36112i stud leapt 120 toet of let 14 Wile thIS1t tans :lorth �+!' r . �IS 1371h *trait alas said ys 1 s lying k 3 of . 2leet of es.t e0 genet! the Nosy 90 tee t ma 15 � � � IS yt 70 fast of tract sjo s nigh is daemo a r711E e toot of south 120 feet a f omit 80 tr treater , �q ant !rest Addition to Rinsrtaa, wording to plat thereof tract j s pals 90, swords et staid twat!,. w" hereMM i Oa ' ��. � d 8, 48 tamer emliteo film es, M1Lre: f centime to tuts the ui � ad t.. pomade. talkiest is all eaeetsente, reetriotteee sad reeerwatione of reaasd. The terms and conditions of this contract are u follows : The purchase price is m �m R® ma) 1mmo. >rlTs !w m0(HJJm £ 41 14.500.00, ..) Dollars, of which has been pzld, the recel t whereof e b y s � dg w l ees, and the balance � ��•�• •• 1 pal Dollars $ follows: OMB Wm$® � � 100. lance of said purchase ce shall be paid u or more on or before the YOfh day of IY� , and t$ gym -) Doan 225eo ($ or - .) Do11wa, or more, on or befor e r , (3 entire Purchase Prig, including nterest be 20th day of each and every month thereafter until HOMO t . the ent has been fully paid. The monthly Inn the unpaid portion thereof at the rate of tJ n annum. Payment to be applied first to y Payment herein provided shall include both principal cent per the 20th day accrued interest and the balance applied to P Interest, said Llmlatmd in tha on i,rsay October ,186 h. to Principal. elocuietlhe beetm are aml]ar to an haw the right to sorties' pzpporty at tttgr e r mill join with the earl.,• if nec � lo S j Ia 1 EN no expos. to em eater mortgage to be borne by pttt+staser. a�e� right t r at of ate property gin ',,. fro. prat 4wat»Soath along the son i t§ A. TREMPER Y T. MICR _ DEPVTY cm the Ce of purchase price equals h -rarue of prior contracts, arse • • .L 1511? 15 . WopernY herein, said purchuer shall be entitled to a deed, subject to uid ens her outstanding d pu has fulfilled all other commitments required of him by this contract, encumbrances, provided purchaser The purchaser is entitled to take possession of said premises on dat by the Ain' e o closing unless otherwise determined rater The cr er r lien on said premises. delinquency all taxes and assessments that may as between gasmen and hereaft The purchaser assumes all hazards of damage to or destruction of any improvenunts now on said land or hereafter to be placed thereon, and of the taking of said premises or any part thereof for public use. The purchaser agrees, until full payment of the said purchase price, to keep all buildings on said described Premises insured to the full insurable value thereof against loss or damage by fire in some company acceptable to the seller and tor the seller's benefit as policies and renewals thereof to the sellataest may appear and to pay all premiums therefor and to deliver all t'' cue the purchaser shall fail to make any Payment bereinbefore provided by the purchaser to be made, the seller may make suds payment and any amount so payment until repaid at the rate of ten (10) per paid the seller, together repayable with interest thereon from date o all withiout prejudice to any other right the seller right have by r shall be such t. the purchaser on demand. by reason of such dehult. • 4.. The purchaser agree that full inspection of raid described premises has been made and that neither the adder nor assigns aball be held to any covenant respecting the condition of any improvements =laid premises no to any agreement for aheratiom, igrproventents or repair, unless the covenant or agreement relied oo be in writhig and attached to and made a pan of this canna. The purchaser shall have the right to make delinquent paymenu due by the seller or others on prior contracts, mortgages or encumbrances which are liens on this property, and by such payment have credit allowed purchaser on this contract as of date of payment. The selkr has procured or agree, within sixty days from date hereof, to procure from Washington Title Insurance Company a purchaser's policy of title insurance, insuring the purchaser to the full amount of the said purchase price against Toss or damage by reason of defect in the title of the seller to the said described premises or by reason of prior lints not assumed by the purchaser un der this agreement. The seller agrees, on full payment of said purchase price in manner hereinbefore specified, to make, execute, and deliver to the purchaser a good and sufficient warranty deed of said described premises, subject to the provisions herein provided for. Time is of tbe essence of this contract. In case the purchaser shall fail to retake any payment of the said purchase price promptly at the time the same shall fall doe as hereinbefore specified, or promptly to perform any covenant of agreement aforesaid, the seller nay elect to declare forfeiture and cancellation of this contract and upon such election Icing made all rights of the purchaser hereunder shall cease and determine and any payments thereto fore made hereunder by the purchaser shall be retained by the seller in liquidation of all damages sustained by reason of such failure Service of all demands, notices or other papers with respect to such declaration of forfeiture and cancellation may be made by raistered mail at the following address, to-wit : or at such other address as the purchaser will indicate in writing to the seller. Or the seller may elect to bring action, or actions, on any intermediate overdue installment, or on any payment. or payments, made by the seller and repayable by the purchaser, it being stipulated that the covenant to pay intermediate installments or to pay item repayable by the purchaser. are independent of the covenant to make a deed that every such action is am action arising on contract for the recovery of mbney only, as if the promise to pay had been expressed in a different instrument, and that no such action shall cortstifute an election not to preiceed otherwise u to any subsequent default, and no waiver by the seller of any defauh on the part of the purchaser shall be construed u a waiver of any subsequent default. IN WITNESS WHEREOF, the parties hereto have executed this instrument in duplicate tbe day and year first herein *ritten. ea STATE OF WASHINGTON, • as. County of 01s On this day personally appeared before me la !js net= sod loom r nit= to me known to be the individual• dtaaibed in and who executed the within and foregoing instrume t, and acknowledged that they signed the sane as their free and voluntary ad and deed, for the use and p estasses therein mentioned. ,,� • GIVEN under any band and official seal this ///—k• day of Cj�E: �.s✓— % `1' ! Kl • 10 tmm, - �.f �. taLL, Nolrary Public its nsfdbs, se. . r .6 RECOADEp '''•• ti. 01►C1i 0% AM 8 30 no A, no A all COUNTY in " • (Ferny ;; .:, • • for the State of Wa hiaptoa, Y t I I r