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HomeMy WebLinkAbout1964 - Real Estate Contract - Allison Marjorie / Lautenschlager Louvern / Lautenschlager Judith - 57753055775305 REAL ESTATE CONTRACT '.MAR. 2 5 19 THIS AGREEMENT, made :Ind entered into this 10th day of hp r1 I, I9 Ji b'Iween MARJORIE allison ooportL0 ontato hereiia(ter called the "seller," end louvern lautenschlager judith lautenschlager hereinafter called the "pus: al er,' VI•1'NI;SSETI1: ': hat the seller agrees to sell to the purchases and the purdtuer agrees to purchase of 11K seller the following dap ,ihcd real estate, whh the appurtenances, situate In the County of King State of Washington, to -wit: NuginnLng at tho o '.hu,, cormse :::a at 61, Riverside 7.nt3rurban Traotu, according to plat rocordod to volume 10 or plats, pago 74, in King County, Wachingtonj thence. north :long the taut boundary thereof 170 foot; thence: trout parallel with the south botthdu•y or said tract 185.2 Scot; thence north parallel to tho east boundary of paid tract, 120.2 Scc,; thonco wont parallel to tho south boundary 115.0 Soot; thence uouth parallol to the oast boundary 290.2 Soot and to tho uouth boundary oS said tract; thence oast 300.2 foot to beginning; EXCEPT that portion thereof— convoyed to King County for road by doed roc,rdod under auditor's Silo No. 5674952. • The terms and com.itions of this contract are as follows: The purchase price is FIVE THOUSAND AND NO /100 ($ 5,000.90 ) Do14n, of which SEVER IIUINDIlED FIFTY AND NO /100 ($ 750.00 ) Dollar* has been paid, the receipt whereof is hereby acknowledged, and the balance of said purchase price shall be paid as follows: TWENTY AND N0 /100 (f:' 20.00 ) Dollar* or more on or before the 12th day of September , 1961( , and TWENTY AND N0 /100 — — — — ($ 20.00 ) Dollars, or more, on or before the 12th day of each and every month thereafter until the entire purchase price, including interest on the unpaid portion thereof at the rate of 6 1/2 per cent per annum, has been fully paid. The monthly payment herein provided shall include both prigit5,1 and interest, said monthly payment to be applied first to accrued interest and the balance applied to princi Interest to begin on the 12th day of Augus t , 19 Eft, 4'.4 2% Payments on said contract shall be made to Marjorie L. Allison., ` ,_ • 3800 Linden, Apartment 3, Seattle:, lashin 9 bon \Vlten balance of purchase price equals balance of prior contracts, mortgages or other outsta,tdhtg erwumbranee can the property herein, said purchaser shall he entitled to a deed, subject to said encumbrances, provided purchaser has fulfilled all other commitments required of him by this contract. The purchaser is entitled to take possession of said premises on date of closing unless otherwise determined by the parties. The purchaser agrees to pay before delinquency all taxes and assessments that may as between grantt.r and grantee hereafter become a lien on acid premises, The purchaser assumes all hazards of damage to or dcatntction of any itnproventents now on uid land or hereafter to he placed thereon, and of the taking of said premises or any part thereof for public use. The purchaser agrees, until fall payment of the said purchase price, to keep all buildings on said described prrnli•••s insured In the full insurable value thereat' against loss or damage by fire In some company acceptable to the seller and for the seller's benefit as interest may appear and to pny all premiums therefor and to deliver all p•dirlr. au.l renewals therr.,(to the seller, In ra,r the purchaser shall fail to make any laymen' hereiul.efore provided by the purchaser to be ma lc, the aellrr ore; nuke such payment and any amount s., paid by the 'riles, together with iittrtetl thrreoi, from date u) raymc(•t until repaid it the rate of ten (10) per cent per annum, shall be repayable Ly Are purchaser CM druuud :,!! :ri.l :.r.a t•rrjn.!icc av any other right the seller might have by reason of . •t default. , • ifs :..r_ • 1 3 0 risco bbr. Y;r are wnr....,......