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Re: pptp (poptop)
On Tue, 20 Aug 2002 13:22:56 -0500 (CDT)
Tighe Schlottog <emry@icephyre.net> wrote:
>that has got the be the biggest freaking sentence i have ever seen.
Oh, you've never been in a chat room? Just in case it was, it isn't
now...
In the event that the Purchaser defaults in the payment of any
instalment of
purchase price, taxes, insurance, interest, or the annual charge
described
elsewhere herein, or shall default in the performance of any
other obligations
set forth in this Contract, the Seller may: at his option: (a)
Declare immediately
due and payable the entire unpaid balance of purchase price, with
accrued
interest, taxes, and annual charge, and demand full payment
thereof, and
enforce conveyance of the land by termination of the contract or
according to
the terms hereof, in which case the Purchaser shall also be
liable to the Seller
for reasonable attorney's fees for services rendered by any
attorney on behalf
of the Seller, or (b) sell said land and premises or any part
thereof at public
auction, in such manner, at such time and place, upon such terms
and
conditions, and upon such public notice as the Seller may deem
best for the
interest of all concerned, consisting of advertisement in a
newspaper of
general circulation in the county or city in which the security
property is located
at least once a week for Three (3) successive weeks or for such
period as
applicable law may require and, in case of default of any
purchaser, to re-sell
with such postponement of sale or resale and upon such public
notice thereof
as the Seller may determine, and upon compliance by the Purchaser
with the
terms of sale, and upon judicial approval as may be required by
law, convey
said land and premises in fee simple to and at the cost of the
Purchaser, who
shall not be liable to see to the application of the purchase
money; and from the
proceeds of the sale: First to pay all proper costs and charges,
including but
not limited to court costs, advertising expenses, auctioneer's
allowance, the
expenses, if any required to correct any irregularity in the
title, premium for
Seller's bond, auditor's fee, attorney's fee, and all other
expenses of sale
occurred in and about the protection and execution of this
contract, and all
moneys advanced for taxes, assessments, insurance, and with
interest thereon
as provided herein, and all taxes due upon said land and premises
at time of
sale, and to retain as compensation a commission of five percent
(5%) on the
amount of said sale or sales; SECOND, to pay the whole amount
then remaining
unpaid of the principal of said contract, and interest thereon to
date of
payment, whether the same shall be due or not, it being
understood and agreed
that upon such sale before maturity of the contract the balance
thereof shall be
immediately due and payable; THIRD, to pay liens of record
against the security
property according to their priority of lien and to the extent
that funds
remaining in the hands of the Seller are available; and LAST, to
pay the
remainder of said proceeds, if any, to the vendor, his heirs,
personals
representatives, successors or assigns upon the delivery and
surrender to the
vendee of possession of the land and premises, less costs and
excess of
obtaining possession.
William
--
William Underwood
wllmundrwd@charter.net
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