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<br />! CONTRACT
<br />�� KNOtiV ALL rdEN BY THESE PR�'S�NTS: That this contract anfl agreement ,made this 25th day of
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<br /> April,A.D. ,1923,by and beta�een J.A.Campbell,party of the first part,and M3ke and Helen Gor- ,
<br />; ham,parties of the second part,witneaseth: � �
<br /> That whereas the said fixst party,has this day sold to. the said second parties,Lots Forty- �
<br /> three (�3) ,Forty-four (4�+) ,Forty-five ( �F5_) ,and Forty-six (�6� ,in Block Sixteen (16) ,in
<br /> �Vright' � Addition to the city of Cou�cil Bluffs,Iowa, for the sum of Seven Thousand (�7000.00) �
<br /> Dollars,to be paid as follov�s:
<br /> Second parties having an" equity of about Two Thousand ($2000.00) Dollars ,in a property at
<br /> Grand Island,Nebraska,�hich they hav�ut up for sale,and when said property is sold,they agre�
<br /> to pay the proceeds that they receive from this equity to the said J.A.Campbell,as a down pay.�
<br /> ment on said lots in V�right �s Addition,and the remaining purchase price is to be paid at the '
<br /> rate of Fifty (�50.00) Dollars per month,the first nayment of �50.Q0 being due thirty (30)
<br /> days after date of down payment,and to be paid �50.00 ever3� month until said consideration
<br /> to-gether with interest is paid in fu11. 3aid monthly payments to include both pr�.ncipal and
<br /> interest. 3aid second part3es.�to have the right to make advanced payments or to pay out this
<br /> . contsact in full at any time. All deferred payments to draw seven per cent interest. Said fi.r�►t
<br /> "� party to furnish Abstract from the plat of. said Addition showing good title to date of con-
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<br /> trac�t. It is hereby understood that there is a mortgage on said propertp which said second
<br /> ; parties hereby assume and agree to pay,and when this contract is paid down to said mortgage,
<br /> ` ' said second parties: are to receive a deEd to said property subject to said mortga�e.The safd '!j
<br /> second parties: axe to keep the premises insured fox the sur� of not lese than ��+600.00 ,as �
<br /> against fire,lightning and tornado. I
<br /> In consideration of the above agreement ,the said fixst party has this day leased to the ga�ld
<br /> ; second parties the above described premises,�aid rent starting May lst,1923,and to terminate �
<br /> at the time of the down payment upon said contraet,at a monthly rental of ��-S.00,to be paid � ,
<br /> in advance.
<br /> This contract and agreement is to remain in full foroe and affect for six months from the '
<br /> date of said contract,at which time it can be extended for six months by agreement of both
<br /> , parties hereto,This extens.ion is to be only in case that the said Mike and Helen Gorham,parti�s
<br /> " of the second part ,have not so7.d their property at Grand Island,IJebraska.
<br /> �Nhen down payment is made,a regular real estate contraet is to be drawn and signed by both;;
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<br /> parties hereto. Time being essence of this agreement. !;
<br /> In witness whereof the said paxties . hereunto have set their hands,done in duplicate the j
<br /> date first herein above written.
<br /> J. A.Campbell
<br /> Mike Garham
<br /> Helen Gorha�
<br /> ' Filed for record this 29 day of June 1g23 ,at 3 o'clock P.�. ��
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<br /> Register of Deeds
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