[Town Sale] Cirrus on payment plan

IGN:
@stigarose

Users Involved in this Contract:
@merlinrule2

General Purpose of Contract:
Provide protection to @stigarose selling town on payment plan, and @merlinrule2 for same reason as well as lay out payment plan, failure to pay, and what can be done to the town while being paid for.

I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:
1. That I, @stigarose will make 10 trade signs for $10,000 each sign with a date above it for when it is due by and locked so they can't be changed in the mall office at Cirrus (legacy world; coords: X: -2852 Y: 71 Z: -2872). Due dates of payment signs 2-10 are NO LATER THAN:
sign 2: 3/23/2016 $10,000
sign 3: 3/30/2016 $10,000
sign 4: 4/6/2016 $10,000
sign 5: 4/13/2016 $10,000
sign 6: 4/20/2016 $10,000
sign 7: 4/27/2016 $10,000
sign 8: 5/4/2016 $10,000
sign 9: 5/11/2016 $10,000
sign 10: 5/18/2016 $10,000
2. That I, @stigarose, will make @merlinrule2 an owner of cirrus within 24 hours of first payment received.
3. That I, @stigarose, will hand over all control of the city to @merlinrule2 as soon as I make him an owner of the town.
4. That I, @stigarose, will vacate the city's storage building and mall within 2 weeks of making @merlinrule2 an owner, and move my owned animals to an area he designates in a minimum size 10x10, and remove the structures that currently house the animals.
5. That I, @stigarose, will add no further members to the town of cirrus as long as @merlinrule2 is an owner.

The other user(s) involved with this contract must agree to the following terms:
1. @merlinrule2 agrees to pay a total sum of $100,000 to @stigarose in the form of ten $10,000 weekly payments in trade signs previously outlined, first payment due within 48 hours of contract being approved.
2. @merlinrule2 rule2 agrees to pay a late fee of $5,000 to @stigarose if a payment date is missed. Late payment will be placed on a trade sign in the same location as payment signs and all late fees must be paid no later than 5/25/2016, before town ownership passes to @merlinrule2.
3. @merlinrule2 agrees to not remove @stigarose as owner until all payments have been completed, including any applicable late fees.
4. @merlinrule2 agrees to not evict any current town members without cause (breaking a town rule/banned/etc) until all payments have been made and @stigarose has been removed as owner (per #3 above). He will be in charge of adding any new members and setting rules for them.
5. @merlinrule2 agrees that if 2 payments in a row are missed due to inactivity a complaint will be filed due to a breach of contract. If breach is confirmed then @merlinrule2 will be removed from cirrus as owner by @stigarose and will forfeit all previous payments.
6. @merlinrule2 agrees to not remove any existing city owned structures, that being the cube, mall, storage facility, apartment building, pvp area, and city walls, towers, and streets until fully paid off. He may build whatever in empty areas, remove/add plot outlines, mine

I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such.:

Yes