|
�� ��7 c�
<br /> c 9
<br /> ����'���'������������� '� ;��_�_',��,,��� � �
<br /> ----- - -- ---__ _-_ - -
<br />_ ���----�-_�_ ___.�_
<br /> - - ---
<br /> EXCHAAtGF CONTRI�CT
<br /> THIS CONTRACT.rnade �.nd Anter�sd into tnis 2ath d�y of November, 1921,by a.nd bet�ve�n �1.0. �
<br /> Riten+�y of the County of Y�r�.U,nd St�,tP of Nebr�.ska,;a.rty of the first p�.rt, �d Ray- E.Ward d�'
<br /> ,
<br /> � the County of Howurd� �ind St�,te of Nebr�slt�,party of thA seeond part,
<br /> ; ','�ITt�SFSSFTH. �h�,t the s�.id p�,rty of th� first p�.rt �;.grees to sell and convPy to thA party of th�
<br /> second part� th� follo.�ri� described property� to-�it. Lot Numbered One (1) Block Numbered Si�'ty
<br /> Qi�ht (�i8) Uri�ina�l T�wn of Gran3 Is1�.nd�Nebrask�.,accardin� to the rAcorded plat thereof
<br /> The s�id above describpd pro�erty to be v�.lupd at �55�OU0.40 and to b� frp� and cled,x of ',�,1.1
<br /> �ncurribrunces, P.�ccppt :�s herein�ftPr stated Axce�t t.�i?, unpdid bdl�,nee of a es�tain mortg�ge i�;
<br /> the sum of 15 ,fl00. 00
<br /> ThQ said party �f the sPc ond ��.rt hereby ;�grees ta give in payTment foar the above describ�jd
<br /> �ro�erty �---in c�,sh wnd thA �roperty hPr��in�.ftnr described �.e fcllow�, to-xit: The 1�sst
<br /> H�.lf of thA �Tcrtlls�vest qu�,rter (T��N��j wn3 tne NorthPwst �u�.rter of thP North�st qu�.rter
<br /> (NE� NW=} �n3 the NortnAest �udrt�:r of tha gouthv�est �uwrtPr (MW� SW�) of Section No. Seven- '
<br /> ! tesr_ (1ry) ,�d thp ?Jartheast �uarter (NE�) of Ssction Pao.£ightFen (18) a.11 in township No. "
<br /> ;�
<br /> FouTtar�n (14}��w�p Ten (10) :iow�.rd County�ldebr�sk�,�s�.id l�nd being thp pl�.ce no� occur�f ed '
<br /> �
<br /> " by rnA about thrPe mi1Qs southvrrest. of St.Pwul,Nebraska �
<br /> '� Thp s�,id abov� d�$cribed praperty to be valued at �50,000. 00 �.nd to bP frPe �.nd clmar of �
<br /> � a,ll Ancumbr�.nces +°XCp'jJti as hexeinuftPr spt foxth: Th� un;��.id �b�.lance of one cext;�in mortgage '
<br /> in tnP sum of �30.000. 00 �nd one cert�.in mort��.g� in the sLUn of �3000. 00 whi�h s�.id mortga�g�js
<br /> ';
<br /> are a. �ri.or 3ien. .
<br /> It z:s herpb3� further ugrePd by and bet�re�n the p�.rties heretoithat �,rry balance due Pithe�
<br />' ; of thp �arties sh�.].1 b� pdid in c�ish or $ecured by u secon� mort��e in the sum of �23.040. q�0
<br /> to be (?X�?CUtiBCI by second p�rty to first p�.rty to be due ��.rch 1, 1928� dr�.�ring interAst at th�l
<br /> r�tP of 6ja �wyable annuu.l.ly. Ti1e totwl of mort�ages on t:�e property cor�v�PyPd to second party� �
<br /> shall not excsPd the sum o�f �38,4G0. 00
<br /> r�ny insurance in fo.rce on the property herein described sh�:ll be assi�ned to thP party ;
<br /> rgc eiv in� sdi d a:b oc e dPsc xib pd p rop prty �ror,Prty wi thou t c ost ;
<br /> �
<br /> �
<br /> �
<br />- It is �,grepd that first ;�arty sh411 be entitled to the wm�unt p��d by him on his yproperty 1G�an
<br /> i
<br /> �
<br /> to thP building & loar� com��any �in such amount �.s h�s been ��aid on the principal,and second ,�
<br /> 'i
<br /> rarty ah�ll be AntitlPd to such �nount ds h�: sh�ll huve paid un the above lo�a.ns on March 1, �
<br /> i
<br /> 1922 to thP holdArs of said mort��g�s.Each p�.rty t� �;a.y t��s on their respective propertie�
<br /> ,
<br /> up to �.nd including th� t�x for 1921. Possassion to bA g�v�n by first �arty sub�ipet to the i
<br /> prpspnt lsw9e in fuvor of C.�l. 'r �wnsend. Spcond party to �ivP gossPssion on or before March �
<br /> ,
<br /> 1� 1922 Such ad,iustrnent shd11 be mads the aoovP described a�con� mortgage as sha11 qe foixnd '.
<br /> 'i
<br /> � to oP neces.��ry on �.ccount of �<ayments �nade on the :Lodns Swid `rownsend le�.se ex�ires an or '
<br /> about tiu.g. 15 . 1924,
<br /> r;ach part� �rees t� ft�.rnish to the other Nur�y on th� execution dnd deliver�J of the
<br /> ' wdrx�nty deedsher�:in ��xcvide3, in cwse said property is re�.l est�t�e�an dbstr�ct of th�: pro- !
<br /> �erty convpyed by them ahor�ing �, good �.r_d suffici.ent tit1A to the said real estate to the
<br />� d�its of this contract,�nd in c�se sui� x�rogerty is personal pro�erty � to furnieh s good �,nd !
<br />'i
<br /> ssufficient bill of sdl�: thpr�:to. find it is furtner �grped that in ca.se eithPr of the pdrt- !
<br /> ies hpreto sh�.11 fa3.1 to :�erform th� stipulwtions of tnis contr�.ct or any �art of th� same. ;
<br /> t'zA fwi ling p�.rty sh�.11 p�y th� other �arty to t,zis contr�.ct the �um of -------�oll�zrs as �
<br /> dam��.gAs f�r non-fulfill�nAnt �f contr�.ct• DPPds to be sx�cut�d by Pacn ��.rty �.nd deposited im
<br /> . PeoplRs St�tp ��,nk�Grund Islnnd� Nebr�.ska, to bp delivprNd t� Aach pdrty upon fulfjllmAnt of '
<br /> thi.s contrr�ct 'oy sajd b�.nk• ii
<br /> �
<br /> �
<br /> ��
<br />
|