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<br />'.. <br />. <br /> <br />INSTALLMENT CONTRACT <br /> <br />LAND <br /> <br />" <br /> <br />ca 11 ed <br /> <br />nafter <br /> <br />herei <br /> <br />corporation <br /> <br />cipal <br /> <br />i <br /> <br />a mun <br /> <br />lakewood <br /> <br />of <br /> <br />City <br /> <br />The <br /> <br />a corporation not <br /> <br />Li tt 1 e Theater, <br /> <br />Lakewood <br /> <br />to The <br /> <br />sell <br /> <br />to <br /> <br />agrees <br /> <br />" <br /> <br />Se 11 er <br /> <br />nafter called <br /> <br />herei <br /> <br />of the State of Ohio <br /> <br />laws <br /> <br />zed under the <br /> <br />i <br /> <br />for profi t organ <br /> <br />and cond i <br /> <br />terms <br /> <br />ng <br /> <br />lowi <br /> <br />upon the fo <br /> <br />to purchase <br /> <br />agrees <br /> <br />and Buyer <br /> <br />" <br /> <br />Buyer <br /> <br />lega <br /> <br />the <br /> <br />and appurtenances <br /> <br />fixtures <br /> <br />improvements <br /> <br />estate <br /> <br />real <br /> <br />the <br /> <br />tions <br /> <br />made a <br /> <br />attached hereto and <br /> <br />A <br /> <br />t <br /> <br />bi <br /> <br />n Exhi <br /> <br />i <br /> <br />set forth <br /> <br />s <br /> <br />i <br /> <br />ch <br /> <br />i <br /> <br />of wh <br /> <br />on <br /> <br />pti <br /> <br />descri <br /> <br />f fully rewritten herein <br /> <br />i <br /> <br />part hereof as <br /> <br />the <br /> <br />as <br /> <br />known <br /> <br />commonly <br /> <br />property <br /> <br />of the <br /> <br />part <br /> <br />a <br /> <br />is <br /> <br />property <br /> <br />d <br /> <br />Sai <br /> <br />is <br /> <br />contract <br /> <br />s <br /> <br />i <br /> <br />Th <br /> <br />" <br /> <br />ses <br /> <br />Premi <br /> <br />" <br /> <br />be called the <br /> <br />sha 11 <br /> <br />nafter <br /> <br />herei <br /> <br />and <br /> <br />Armory <br /> <br />Arm- <br /> <br />of the <br /> <br />1 arger parcel <br /> <br />di ng of the <br /> <br />i <br /> <br />v <br /> <br />subdi <br /> <br />of the <br /> <br />subject to the approval <br /> <br />accordance <br /> <br />in <br /> <br />purchased by the Seller from the State of Ohi 0 <br /> <br />property <br /> <br />ory <br /> <br />ty of Lakewood <br /> <br />th the ordinances of the Ci <br /> <br />wi <br /> <br />the <br /> <br />for <br /> <br />Se 11 er <br /> <br />pay <br /> <br />shall <br /> <br />Buyer <br /> <br />PAYMENT <br /> <br />AND <br /> <br />PRICE <br /> <br />PURCHASE <br /> <br />Five <br /> <br />Thousand <br /> <br />Ninety-one <br /> <br />of <br /> <br />amount <br /> <br />the <br /> <br />n <br /> <br />i <br /> <br />Price <br /> <br />Purchase <br /> <br />the <br /> <br />Premises <br /> <br />as <br /> <br />payable <br /> <br />be <br /> <br />shall <br /> <br />Price <br /> <br />Purchase <br /> <br />Said <br /> <br />500.00 <br /> <br />$91 <br /> <br />Do 11 ars <br /> <br />Hundred <br /> <br />the exec uti on and deli very of thi s contract by <br />parties hereto Buyer shall pay to Seller the <br />of One Thousand Five Hundred Dollars ($1,500.00) <br />down payment on the Purchas~ Price <br /> <br />Upon <br />both <br /> <br />sum <br />as <br /> <br />a <br /> <br />follows <br /> <br />a <br /> <br />The remaining principal balance of the Purchase Price <br />in the amount of Ninety Thousand Dollars ($90,000.00) <br />shall be paid in consecutive monthly installments of <br />Four Hundred Dollars ($400.00) or more beginning <br />with a fi rst such payment on the fi rst day of I¥ð V~tf8E R- <br />1983, and conti nui ngwi th like payments on t e <br />ffrst day of each consecuti ve month thereafter until <br />said balance is paid in full; provided, however, <br />that unless sooner paid the remaining unpaid balance <br />shall be due and- payable on or before £R.. <br />1993; --- <br /> <br />3~ <br /> <br /> <br />(b <br /> <br />I <br /> <br />The remaining principal balance of Purchase Price <br />shall bear interest at the rate of nine percent (9%) <br />per annum computed monthly on the dec 1 i ni ng unpaid <br />balance thereof from the date hereof. The unpaid <br />monthly interest shall not be capitalized but <br />shall be accrued and paid in full with the final <br />payment. <br /> <br />I2Xtf /(3lì <br /> <br />c <br />