White Realty Purchase Offer, Feb. 9, 1951

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APPRAISALS LOANS SALE RENTALS INSURANCE

WHITE REALTY COMPANY REAL ESTATE -- INSURANCE 210 N. Main Street High Point N. C. Phone 2847 Gentlemen: February 9 1951 Subject to acceptance and confirmation by the owner or owners I hereby offer to purchase the property situated 723 Prospect Street in the city of High Point, and known as Ben Ridge dwelling subject to restrictive covenants if any at and for the price of $4,250.00 on the following terms and conditions: Sales Price $4,250.00 Cash $4,250.00 Balance $[blank] plus interest at [blank] % per annum to be paid as follows: From the purchase price of $4,250.00, the present owners will pay in full and cancel all obligations and encumbrances against this property.

The Conditions of This Offer Are: 1. The seller is to furnish a marketable title free of all encumbrances except No Exceptions [blank]

2. All tax levies against this property for the current year are to be pro rated by and between the buyer and seller to the date of the instrument of this conveyance. January 1, 1951 shall be used as a basic for the taxable year.

3. Any insurance now in force on this property or rents, shall be pro rated to the date of the instrument of this conveyance.

4. As evidence of good faith I tender you herewith the sum of $100.00, it being understood that if this offer to be accepted this deposit is to be applied on the purchase price and if rejected or the seller fails to fulfill his obligations under this contact this sum is to be returned to be in full. If this offer be accepted and the seller meets his obligations hereunder and for any reason I fail to carry out the terms or conditions of this offer within thirty (30) days from the date the instrument of conveyence is tendered then I hereby agree to forfeit said deposit or tender. I further agree that the tender may de deposited by you pending the acceptance or rejection of this offer and such act by you shall in no wise be construed as an acceptance of this offer

5. If this offer to be accepted deed is made as directed and wife [blank] of the city of [blank] County of [blank] State of [blank] Remarks It is a condition of this offer that the present owners shall be permitted to continue to occupy the property rent free for a period of 6 months from the date of this contract.

This offer approved and accepted subject to: W.B. Ridge Mrs. Jennie G Ridge Owner and Seller

White Realty Company Signature By K. L. White Capt Signature

Date Feb. 9 1951 [blank] Mailing Address or Telephone

(Singular pronouns of the first persons shall be read as plural when this agreement is signed by two or more persons.)

Last edit 10 months ago by dnielsen1
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