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M <br />agreeable to both parties, at the rate of $11,500.00 per <br />acre. <br />B. The purchase price shall be paid in the following <br />manner: <br />3 <br />1. The -Buyer wild. pay the Seller the sum of <br />$700,000.40 in cash at closing, which shall be applied <br />to the purchase price. <br />2. The balance of the purchase price shall be - <br />evidenced by an unsecured promissory note from the <br />Buyer to the Seller,'payable annually for one (1) year <br />after closing in the amount of $700,000.00, including <br />interest, and the balance to be paid in full at the end <br />W of the 2nd year after closing of the sums remaining <br />due. Interest shall accrue on said promissory note <br />from date of closing at the rate of nine _and 1/4 <br />percent (9 1/4%) per annum simple interest. }g&qCXX@?MX <br />Dos <br />W�iCx�?�a`t�KX3{a�i3�eY xxx <br />b�x�xc�xxxXMWx"V0Wxd;Xxxxx <br />f <br />4. EXPENSES, TAXES AND SPECIAL ASSESSMENTS: This is a net <br />sale, and all charges for expenses, taxes and special assess- <br />ments, -including title insurance, documentary stamps, recording, <br />stamps on the note, and all other costs of closing shall be paid <br />by the Buyer, except that each party will pay its own attorneys' <br />fees, and ad valorem taxes will be prorated as of the date of <br />closing. The Seller will provide said policy of title insurance <br />at the Buyer's expense. <br />5.- TITLE: The Seller shall convey full fee simple title <br />without encumbrances or title defects to the Buyer at closing by <br />a general warranty deed signed by the Seller. <br />6. SURVEY: The Seller has a survey of the subject proper- <br />ty, which shall be used by the parties to determine the acreage, <br />and if A re -certification is required by -the Buyer, the . Y y h Buyer <br />will pay the cost thereof. <br />61 <br />JUL 198 <br />BOOK 73 F,1,H t201 <br />