Difference between revisions of ".MjgzMTE.OTc0MDY"

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The party of the first part agrees to deliver to the party of the second part a warranty deed duly signed, sealed and acknowledged, containing the conditions, covenants and restrictions as to the use of said lot as specified below, whenever the party of the second part  shall have paid for the said lot the sum of.....dollars; and the party of the second part further agrees to pay for the said lot  to the party of the first part, or to its duly authorized agent the said sum of $....whereof $,,,,has been paid in cash on each lot and the re to be paid as follows $ ....per month, on each lot thereafter, till the entire purchase price is paid.
 
The party of the first part agrees to deliver to the party of the second part a warranty deed duly signed, sealed and acknowledged, containing the conditions, covenants and restrictions as to the use of said lot as specified below, whenever the party of the second part  shall have paid for the said lot the sum of.....dollars; and the party of the second part further agrees to pay for the said lot  to the party of the first part, or to its duly authorized agent the said sum of $....whereof $,,,,has been paid in cash on each lot and the re to be paid as follows $ ....per month, on each lot thereafter, till the entire purchase price is paid.
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We guarantee these to be high, level building lots, or money refunded with interest.
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No interest is to be charged against the purchaser on the above mentioned deferred payments, and all taxes are to be paid by the Company until a deed is given or said lots.
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In defaults of any such payments being made for a period of 60 days, this agreement shall become null and void at the option of the party of the first part, and all payments made hereon shall be considered as for an option for the time being and shall be held by the said party of the first part free from all claims and demands of whatever kind by the party of the second part.
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The execution and acceptance of the deed above provided for, to be delivered to the party of the second part, when the said party of the second part shall have paid or secured satisfactorily the sum due for the purchase of the lot  is hereby declared to be a cancellation of this agreement, and to supersede the same, and to constitute the sole and final contract between the parties in reference to said lot.
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No agreement or representatoir, either written or verbal, outside of this contract, will be considered as part of it, of in any way binding on the parties hereto.
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The execution and acceptance of the deed above provided for, to be delivered to the party of the second part, when the said party of the second part shall have paid or secured satisfactorily the sum due for the purchase of the lot  is hereby declared to be a cancellation of this agreement, and to supersede the same, and to constitute the sole and final contract between the parties in reference to said lot.
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No agreement or representatoir, either written or verbal, outside of this contract, will be considered as part of it, or in any way binding on the parties hereto.
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The deed from the company shall contain the following restrictions:
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FIRST -That the property is not sold, rented, or otherwise disposed of to persons of African descent.
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SECOND - That no liquor or ardent spirits are to be sold on the property.
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THIRD - That no house shall be built on any lot for less than $1,000 without the written consent of the said Company; but any person can use two or more lots, placing one residence thereon. And no building shall be erected nearer the street than ten feet from the front street.
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FOURTH - That in case of the death of the party of the second part before the property in this Contract is paid for a warranty deed shall be given to the legal heir without further payments.
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FIFTH -That no use shall be made of the lot sold, or any part thereof, which would constitute a nuisance or injure the value of any of the neighboring lots
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The said deed shall provide that in the event of a violation by the purchaser of the first provision above, the title to the lot shall revert to the grantor, except as against lien creditors, and that in the event of the violation  of any of the other provisions above, the grantor shall have the right of re-entry, abatement and suit without liability for damage
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IN WITNESS WHEREOF, The parties hereunto set their hand and seal this.....day of ....191  ELIZABETH PARK & LAND COMPANY  By ....President      Purchaser....(Seal)
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(drawing of a homestead at the bottom of the page]

Latest revision as of 15:33, 26 February 2020

duly chartered under the laws of Virginia, party of the the party, and.....of No...Street. City....State of...party of the second part: WITNESSETH, That for and in consideration of the agreements contained herein, and the payment of the sum o money herein mentioned, the party of the first part agrees to sell the party of the second part, and the party of the second part agrees to buy of the party of the first part,......lot of land, being lot know as No.........in Block No and Lot No........in Block No. on the map of the property of ELIZABETH PARK & LAND COMPANY, known as EUCLID PLACE, a suburb of Norfolk, Southern Electric Street Car Line.

The party of the first part agrees to deliver to the party of the second part a warranty deed duly signed, sealed and acknowledged, containing the conditions, covenants and restrictions as to the use of said lot as specified below, whenever the party of the second part shall have paid for the said lot the sum of.....dollars; and the party of the second part further agrees to pay for the said lot to the party of the first part, or to its duly authorized agent the said sum of $....whereof $,,,,has been paid in cash on each lot and the re to be paid as follows $ ....per month, on each lot thereafter, till the entire purchase price is paid.

We guarantee these to be high, level building lots, or money refunded with interest. No interest is to be charged against the purchaser on the above mentioned deferred payments, and all taxes are to be paid by the Company until a deed is given or said lots.

In defaults of any such payments being made for a period of 60 days, this agreement shall become null and void at the option of the party of the first part, and all payments made hereon shall be considered as for an option for the time being and shall be held by the said party of the first part free from all claims and demands of whatever kind by the party of the second part.

The execution and acceptance of the deed above provided for, to be delivered to the party of the second part, when the said party of the second part shall have paid or secured satisfactorily the sum due for the purchase of the lot is hereby declared to be a cancellation of this agreement, and to supersede the same, and to constitute the sole and final contract between the parties in reference to said lot.

No agreement or representatoir, either written or verbal, outside of this contract, will be considered as part of it, of in any way binding on the parties hereto.

The execution and acceptance of the deed above provided for, to be delivered to the party of the second part, when the said party of the second part shall have paid or secured satisfactorily the sum due for the purchase of the lot is hereby declared to be a cancellation of this agreement, and to supersede the same, and to constitute the sole and final contract between the parties in reference to said lot.

No agreement or representatoir, either written or verbal, outside of this contract, will be considered as part of it, or in any way binding on the parties hereto.

The deed from the company shall contain the following restrictions: FIRST -That the property is not sold, rented, or otherwise disposed of to persons of African descent. SECOND - That no liquor or ardent spirits are to be sold on the property. THIRD - That no house shall be built on any lot for less than $1,000 without the written consent of the said Company; but any person can use two or more lots, placing one residence thereon. And no building shall be erected nearer the street than ten feet from the front street. FOURTH - That in case of the death of the party of the second part before the property in this Contract is paid for a warranty deed shall be given to the legal heir without further payments. FIFTH -That no use shall be made of the lot sold, or any part thereof, which would constitute a nuisance or injure the value of any of the neighboring lots

The said deed shall provide that in the event of a violation by the purchaser of the first provision above, the title to the lot shall revert to the grantor, except as against lien creditors, and that in the event of the violation of any of the other provisions above, the grantor shall have the right of re-entry, abatement and suit without liability for damage

IN WITNESS WHEREOF, The parties hereunto set their hand and seal this.....day of ....191 ELIZABETH PARK & LAND COMPANY By ....President Purchaser....(Seal)

(drawing of a homestead at the bottom of the page]