HomeMy WebLinkAbout887317EscRrlw AGREEMENT AND
CONTRACT FOR DEED
L I~OOLN, 60t? P',fT:Y 'CLERK
BooK~L__PR PAgE 3 U ~ ,. I ' '";' '; ~
.... TttlS AGREEMENT,' Made and entered into this 30th ', ... , ] ~Z-- 5 ~'! t'l[ ET . , : ~. '[['~' I~ I."l ~. day~'- r.,
December , A.D.,2002 , by and between ~wln g;' an'8-/~'~" ' '
~axlne S. Coffey , party of the first part, and
David N. and Wands B. aolley?enants by the ~ntlratie~artyof the second part.
WITNESSETH, That if the party of the second pa~ shall first make the payments and perform
the covenants hereinafter mentioned on following part to be made and performed, the said party
of the first part hereby covenants and agrees to convey and assure to the said party of the second
part, and to furnish an abstract to said premises showing title in first party in fee simple, dear of
all incumbrances, whatsoever, and by a good and sufficient Warranty Deed to the lot 2 , piece or par-
eel of ground, situate in the County of Blncol~ and State of ~yoming , known and
described as Part of Lot 2 of Blk 27 of khm lfton; mnwnsif~ Lincoln
Co. Wy. beinq more particulary described as follows: Boginnino at a
point 8.5rds_g from uw O~rner ~ ==ia r~+ o =.a ..... ~.~
3.;5rds.;thence E lords. ;thence Nl.Srds_; khmnem W ard~= em kho point
of beginnin9 Also known as 531 Jeffmrson Sereet
Party of second part accepts property an in with no attachments,
Party of first Dart guarantees Title free with the exception of
and the said party of the second part hereby covenants and agrees to pay the said party of the first
partthesumof$85,750 .00 (Eiqhty Five Thousand Five Dollarst.~85,750.00)
Hundred NBY-100
payable at the Bank of Star Valley; Afton~ Wy. , in the
manner following:
The sum of $8; 750.0(~n the execution of this contract: and
The sum of q~5~ on the ~_st
The sum of 727.70 on the ! s t
The sum ors 727: 70 on the
The sum of $727.70 on the]st
day of Webruary
day of March
day of April
day of May
The sun] of~q~727_ 70 on the1 st day of June ~'
and continue until balance of $78~500 is paid in full over 15
less. Purchaser agrees to' pay into Escrow a sum of $92.00 per month*
for taxes and insurance (amount subject to chanqe annually).
* dian. and Feb.taxes and insurance of $!94,0o will he paid Feb. !st.
with interest at the rate of 7.50% per cent per annum, payable monthly
on the whole sum remaining from time to time unpaid, and to pay all taxes, assessments or impositions
that may be legally levied or imposed upon said land, after the 1 6th da3' of
IL rl~=c-~mh~=r o. , ~ And in case of failure of said party of the second part to make
-F~. ~~ the payments-org{~'teri'st thereon or any part thereof, or to perform any of the covenants
on
every >-~ part hereby made and entered into, then the whole Of said payments and interest
I i shall at the election of said first party become immediately due and payable, and this contract shall
n at the option of the part{ of the first part be forfeited and determined, by giving to said second party
' thirty days notice in writing of the intention of said first party to cancel and determine this contract,
setting forth in said notice the amount due, upon said contract and the times and place, when and
where, payment can be made by said second party.
It is mutually understood and agreed by and between the parties of this contract that thirty
days is a reasonable and sufficient notice to be so given to said second party, in case of failure to per-
form any of the covenants on ~arty of second part hereby made and entered into, and shall be
sufficient to cancel all obligations hereunto on the part of the said first party, and fully reinvest
property with all right, title and interest hereby agreed to be conveyed, and the party of the
second part shall forfeit all payments made by them on this contract, and all
right, title and interest in all buildings, fences, or other improvements whatsoever, and such payments
and improvements shall be retained by the said party of the first part, in full satisfaction and in
liquidation of all damages byparty of 2nd _r~tained, and party of ~ Stshall have the right to
re-enter and take possession of the premises aforesaid.
200}'
200~
200~
years or
IT IS FURTHER UNDERSTOOD AND AGREED, That said second parties .aiseto keep said prem-
ises including said buildings and improvements in good repair during the period of this contract and
make~l--paymenAs~c~ Any anl_all_repairs or remodelin-~g started
and not completed shall be paid by party of second part, leavinq the
b~i]dJng_; .~nr~:_onnding.~, ]n~-r_ior_a~_d exterior in as good condition as
when possession commenced on~ Dec. 16, 2002.
Party of first part will prepare all documents and Party of second part
~ill~Da_y_EacroaLand Panordi.nq f~es~__
IT IS MUTUALLY AGREED, By and between the parties hereto, that the time of payment shall be
an essential part of this contract; and that all the covenants and agreements herein contained shall
extend to and be obligatory upon the heirs, executors, administrators and assigns of the respective
parties.
IN TESTIMONY WHEREOF, Both parties have hereunto set their hands and seals the day and year
Signed, Sealed and Delivered in the presehce of (Seal)
..' rt~ ~ .~ t% ~ of the first part.
(Seal)
(Seal)
Part , o~3 of the second part.
ACKNOWLEDGMENT--Individual (Short Form)
OF A/y -
The foregoing instrument was acknowledged before me th~s ~/e
My Co
ota,y Pubhc
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