If any unit holder, who is paying for his unit on the monthly payment
plan, and who has made all his payments promptly on the dates called for
by contract, should die after twelve monthly payments, in addition to
the initial payment, and all subsequent payments having become due up to
the time of his death have been paid, but before his entire contract
price of $650 has been paid in full, the company will, upon satisfactory
proof of death (suicide excepted), furnish to his beneficiary a deed to
his unit or units and all further payments on same shall cease. This
protects the family or estate of the unit holder who meets his monthly
payments promptly against all possibility of loss due to his death. The
right to change the beneficiary is reserved to the unit holder, provided
he notifies the Company in writing.
In case of my death please make deed to
——————————————————————————-
(Here insert name of beneficiary)
——————————————————————————-
(Signature of purchaser)
$10 Down Per Unit, $10 Per Month
[Sidenote: A discount of ten per cent. for full cash payment]
Each Orchard Unit will be sold under the following conditions: $10 down
when application is made for the Orchard Unit, and $10 per month per
Unit until it is paid in full. No interest is charged on deferred
payments. Should one prefer to pay full cash for one’s Orchard Unit, a
discount of ten per cent. will be allowed on the amount of cash paid,
and the deed will be delivered at once.
Upon receipt of an application, together with the first payment, an
Orchard contract will be prepared and executed and forwarded. Upon the
completion of the payments, the deed will be delivered.
Remember that the price quoted covers every expense of the five-year
development period.
[Sidenote: A home site on your units]
The contract of sale shows that the purchaser may, after the five-year
development period is over, locate his home on his units and look after
his own trees, managing his property entirely independent of the
company. But we believe that our management and our method of marketing
will prove so economical, efficient and satisfactory that the unit
owners will always want the company to manage their units and harvest
and market their pecans for them.
[Sidenote: Units full paid in case of death]
Public-domain text, read in full here on John Shaqi.
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