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Richard Roe
[L. S.] [L. S.] And it is further agreed, between the parties hereto, that the party that shall fail to perform this agreement on his part, will pay to the other the full sum of fifty dollars, as liquidated, fixed, and settled damages.
AGREEMENT FOR THE PURCHASE OF A HOUSE AND LOT.
MEMORANDUM of an agreement made this 15th day of November, in the year 1892, between JOHN SMITH, Jeweler, of the city of New York, and HENRY BROWN, Merchant of the same city, witnesseth-That the said JOHN SMITH agrees to sell, and the said HENRY BROWN agrees to purchase, for the price or consideration of dollars, the house and lot known and distinguished as number ninety-nine, in street, in the said city of New York. The possession of the property is to be delivered on the first day of May next, when twenty-five per cent. of the purchase-money is to be paid in cash, and a bond and mortgage on the premises, bearing six per cent. interest, payable in five years (such interest payable quarterly), is to be executed for the balance of the purchase-money, at which time also a deed of conveyance in fee simple, containing the usual full covenants and warranty is to be delivered, executed by the said JOHN SMITH and wife, and the title made satisfactory to the said HENRY Brown ; it being understood that this agreement shall be binding upon the heirs, executors, administrators, and assigns of the respective parties; and also that the said premises are now insured for - dollars, and, in case the said house should be burnt before the said first day of May next, that the said JOHN SMITH shall hold the said insurance in trust, and will then transfer the same to said HENRY BROWN with the said deed.
In Witness, etc. [as in General Form]. between A.