1985- Res. 069__ _ __ _ __
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INSTALLMENT LAND CONTRACT
THIS AGREEMENT, made this ~~day of /17.~<<~ 1984, by
and between LAWRENCE MILLINGTON and NANCY ESTELLA MILLINGTON , his
wife, residing at Alden Avenue Extension, Warrensburg, New York, 12f~85,
hereinafter referred to as the "Sellers", and MICHAEL J. GALE and SHELLEY A.
GALE, his wife, residing at 157 South Street, Glens Falls, New fork, 12801,
hereinafter referred to as the "Purchasers";
W I T N E S S E T H
In consideration of the mutual covenants and agreements herein
contained , the Sellers agree to sell to the Purchasers and the Purchasers agree to
purchase from the Sellers, upon the terms and conditions herein contained, the
following property, to wit:
ALL that tract or parcel of land situate, lying and
being in the Town of Queensbury, Warren County,
State of New York,. bounded and described as
follows
Beginning at a point on easterly side of Leo Street
which point is the northwesterly corner of premises
now or formerly of one Habshi and also the
southwesterly corner of lands awned by Ralph A.
and Geneva K. Elmore, thence southerly 150 feet
more or less along westerly line of lots on west side
of Howard Street to a stake, thence westerly 150
feet more or less to east side of Leo Street, thence
northerly along Leo Street 150 feet more or Iess to
Elmore property, thence easterly 150 feet to point of
beginning.
I'~ This land being a portion of land described in a
c!c=ed dated, Nov. 24, 1978 from Ralph A. r+nd
reneva h. Elmore to David E. and Doroth~~ 1C. Poette
and recorded in the ~:arren County Clerk's Ufrice on
r,~ay s, 1979 in Book 622 of Deeds at Page 93f,. This
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BAKE M JORDAN - A77pavEV AT LAN - O C BOx 16) - WT 9 - IA~cE CaE..-~~:iE 'NEV. .:Xt.c ~Z'.s!
conveyance is made subject to t `:e following
restrictive covenants that shall run with the land.
A. No rubbish or junk shall b«~ collected or stored
on the premises.
B . Not more than one unlicensed motor vehicle
shall be on the premises at any one time.
C . No house or outbuildings shall be constructed
on the premises without the approval of the parties
of the first part or the survivor of them.
D . No out side toilet .
1. The Purchasers agree to pay to the Sellers, their heirs and
assigns, as the full purchase price for the within described premises, the sum of
Two Thousand Five Hundred Dollars ($2,500.00), to be paid as follows:
(a) the sum of Five Hundred Dollars ($500.00) cash or certified
funds upon the execution of this agreement; and
(b) the balance of Two Thousand Dollars ($2,000.00) to be paid,
without interest, as follows: the sum of Eighty Dollars ($80.00) shall be due and
payable on account of principal, without interest, on the ;~.~.c1 day of
;~ ~ 1984, and a like sum shall be due and payable on account
principal only on the ~~-~~day of each moth thereafter, until said principal
sum has been fully paid, the entire unpaid balance to be due and payable in any
event on the ;~?~~ day of ~~ ~ ~ 1986 , together with the privilege to
the Purchasers to pay any or all of said principal sum on any monthly payment
date in advance, without penalty.
In addition thereto, the PUi•ch.:sers ~`~all p4y all to}:es, water and selt~cr
rents, if any, assessments and insurance on the Premises hereinabove described.
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gRJCE M JORCAN - ATTGRNEV AT LAW - P O d0% 767 - AT 9 -LAKE GEORGE NEW VORti 12BA5
2. All taxes, rent, wf ~ er and sewer bills, if any, shall be pro rated
as of the day of closing.
3. The Purchasers shf~11 have possession of the premises upon the
execution of this agreement .
4. The Purchasers shall keep the property free and clear of all liens
and encumbrances and in the event they suffer any lien or encumbrance to attach
to said premises, the Sellers shall have the right and privilege of paying said lien
or encumbrance and adding the amount so paid to the next payment due or
declaring this contract null and void and treating the Purchasers as provided in
paragraph "7" of this agreement.
5. The Purchasers shall, at their own expense, sufficiently protect
the Sellers with a policy of liability insurance, naming the Sellers as additional
insureds.
6. The Purchasers shall comply -with all laws and ordinances affecting
the use of said property and shall not use said property for any illegal purposes.
7. Upon default in payment of any installment of principal, or upon
default in any payment of any taxes, assessments or water rent, or in default in
payment of any liability insurance upon said premises for thirty (30) days, the
Sellers may elect to declare the whole balance due hereunder payable immediately
and to declare this contract null and void. Sellers may thereafter, in addition to
all other remedies Sellers may have, treat all payments made hereunder as rent
ar.d Sellers, their heirs and assigns, shall thereafter have the right to treat the
Purchasers as monthly tenants and shall, if the Purchasers shall not vacate said
prc~raises, have all the remedies as a landlord may exercise for the recovery and
retaking of the possession of said premises against the Purchasers. The election
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b~'JCE N JORDAN - ATTGR4Er AT JW - P O BO% 767 - RT 9 -LAKE GEORGE. NEW' CORK t2M5
herein provided shall be exercised in writing and mailed to the last known
addre: ~; of the Purchasers.
8. The failure of the Sellers to exercise any rights or remedies
against the Purchasers upon any default under this contract shall not constitute a
waiver to exercise said rights for any subsequent default.
9. Upon payment in full of the principal due hereunder and upon the
performance of all the terms and conditions of this agreement by the Purchasers,
the Sellers agree to convey all of their right , title and interest in and to said
property to the Purchasers by the execution and delivery of a quit claim deed.
10. It is understood and agreed that all representations,
understandings and agreements heretofore made and had between the parties
hereto, their agents and brokers, if any, are merged in this agreement, which
alone fully and completely expresses their agreement, and that the same is
entered into after full investigation, neither party relying upon any statement or
representation made by the other not embodied in this agreement.
11. The Purchasers shall not assign this contract without the written
consent of the Sellers.
IN K'ITNESS tti~HEREOF, the parties hereto have hereunto set their
hands and seals the day and year first above written. ~,,_ ~~ .,
Lawrence h7ilhngton ~
~iyt~'~ ~ ~ ~~ l~~c>
ancy E el a i in gton
ftlichael J ., Gale
helley A. e
I
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BRUCE M. JORDAN - gTTpRNEV 4T LAW - P O BOx 767 - RT 9 -LAKE GE OFIGE. raw .paK i2M5
STATE OF NEW YORK )
SS:
COUNTY OF WARREN )
On this o~i-d day of _ 1984, before me, the subscriber,
personally appeared LAWRENCE MILLINGTON and NANCY ESTELLA MILLINGTON,
to me known and known to me to be the same persons described in and who
executed the foregoing instrument, and they duly acknowledged to me that they
executed the same.
STATE OF NEW YORK )
SS:
COUNTY OF WAP.REN )
otary u c
MUCE K. JOROAN
14'f1YP~- ~UeIK. ST4rE DF NEw vdol
Ql111L1F1E0 MI MMMEN OOIA~R1'
~MIOi
~OMIIISSIOM [MMES YANCM ~. l~ ~~
On this c~,+,,i/ day of 1984, before me, the subscriber,
personally appeared ARICHAEL J. GALE and SHELLEY A. GALE, to me known and
known to me to be the same persons described in and who executed the foregoing
instrument, and they duly acknowledged to me that they executed the same.
~I _
Notary u~iTic
BRUCE M..IORflAN
Mn'M1- oUEIIS. ST111E OF NE`w POEM
Q(JAtJFtED !N MAp11EM ODIAR~
~iBrOZ ~*
~OM1A14510M ERi1RES 11MQ~ ~._!!
- 5 -
BR;ICE M JORDAN -ATTORNEY AT LAK' - P O BOX 767 - RT. 9 -LAKE GEORGE. HEW TORN 12M5
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