HomeMy WebLinkAbout867761BOOK PRPAOE 7
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RECEIVED
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W I T N E S S E T H:
Seller agrees to sell unto Purchaser and Purchaser agrees
to buy from Seller the following described real estate situate
in the County of Lincoln and State of Wyoming, to -wit:
867761 00 AUG 2i.) 1Yii10: t
TOGETHER WITH all buildings, fences and improvements situate
thereon or appurtenant thereto, and together with all water
and water rights, ditch and ditch rights, and reservoir and
reservoir rights situate thereon or appurtenant thereto;
INSTALLMENT SALE
INSTALLM
IIy
di ai L
KEMMER R, W'' iMkU
THIS AGREEMENT made and entered this 15th day of August, 2000,
by and between PATRICIA E. LOONEY, a single woman, of Pinedale,
Wyoming, Party of the First Part and hereinafter called the "Seller
HAROLD D. WHITMAN, a single man, of LaBarge, Wyoming, Party of the
Second Part and hereinafter called the "Purchaser
Lot 28 of the Viola Subdivision, as the said subdivision
appears on the plat and map thereof on file and of record
in the office of the County Clerk of Lincoln County, Wy., and
BUT, SUBJECT, NEVERTHELESS, TO the provisions of United States
patents, AND SUBJECT FURTHER TO easements and rights of way
of record or in actual use for telephone transmission lines,
electric transmission lines, irrigation ditches and canals,
and roads and ways, AND SUBJECT FURTHER TO all outstanding
mineral interests. AND SUBJECT FURTHER TO accrued and
accruing taxes,
and for said real estate Purchaser shall pay, and Seller shall
accept TEN THOUSAND DOLLARS ($10,000.00) together with interest
accruing thereon at the rate of Eight Per Cent (8 Per Annum
from and after the 15th day of September, 2000, shall be paid
by 120 monthly installments, each in the amount of $121.33
commencing on the 15th day of October, 2000, and continuing on
the 15th day of each month thereafter until said purchase price
and all interest has been fully paid;
All of the aforesaid installments shall be made to Seller
at Pinedale, Wyoming, or such other place as Seller may here
aftet designate;
Seller shall not be obligated to accept any of the foregoing
installments of the principal sum and interest except at the
times and in the amounts hereinabove set forth, except, however,
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CI, T944,4,0
U SA "77
f58
of the other terms and conditions hereof, in the manner and within
the time provided, and shall fail to make said delinquent payments
and otherwise remedy the default of other terms and conditions
WITHIN THIRTY (30) DAYS after written notice thereof is deposited
in the United States mail, postage prepaid, and addressed to
Purchaser at the following address of the Purchaser, wo -wit:
HAROLD D. WHITMAN
Box 375
LaBarge, Wyoming 83123
the Seller may at the option of Seller declare this contract ended,
cancelled and of no further force and effect, and Seller may file
for record in the office of the County Clerk a declaration of
forfeiture (setting forth the facts of such failure on the part
of Purchaser) and the same shall be sufficient to cancel all
obligation hereunder on the part of Seller and shall fully reinvest
Seller with all rights, title and interest hereby agreed to be sold,
conveyed or delivered and Purchaser shall forfeit all sums paid
hereunder; Purchaser shall further forfeit all right, title and
interest in and to the above property including any and all
improvements and Seller shall have the right to re -enter and take
possession, without demand, of the above- described real property
and all improvements thereon, including those erected or placed
thereon by Purchaser and in event of such repossession Seller may
keep said real property as Seller's own and absolute property being
hereby released from all obligation at law and in equity to convey
said property, and in such case all monies forfeited as described
above shall be considered as rental for said property and as
liquidated damages for failure on the part of Purchaser to perform
and comply with the terms of this agreement;
5- Construction.
All words used in this agreement including the words "Purchaser"
and "Seller" shall be construed to include the plural as well as
the singular number and words used herein in the present tense
shall include the future as well as the present and words used
in the masculine gender shall include the feminine and neuter;
6- Effect of waiver.
The waiver of Seller of any covenant, condition or agreement
herein contained shall not vitiate the same and the terms, conditions,
covenants, and agreements set forth herein shall apply, inure to
and bind the heirs, executors, administrators and assigns of the
respective parties hereto;
7- Persons bound.
All provisions hereof shall extend to, inure to the benefit
of and be binding upon the respective parties and their heirs,
devisees, personal representatives and assigns;
8- Litigation allowance of attorney's fees to prevailing party.
If any action is brought to enforce this agreement or any
provision hereof, to rescind the same, to collect damages for an
alleged breach hereof, or for declaratory judgment hereunder, the
prevailing party in such action, whether plaintiff or defendant,
shall be entitled to an allowance for reasonable attorney fees,
in addition to costs of suit;
9- Interest on past -due installments.
Any installment of the principal or accrued interest, or
both, not paid when due shall accrue interest at the rate of
EIGHTEEN PER CENT (18 PER ANNUM from the due date until paid;
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