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<br /> � sequent six montha period,and the dif�erence or balance after deducting the interest to be �
<br /> ' credited on the principal �.r�ount or balance he then ov�es,But it is also herein agreed to
<br /> • by saic� party of second part his assigns or heirs,that v�herever the principal amount is paid ��
<br /> down to an amount that a loan can be secured for to pay off said balance,then said second
<br /> party does agree to secure sai� loan ana accept deed to �aid property and pay off said balanc�
<br /> I, then due and all unpaid interest,or said first party may procure said loan and deliver deed
<br /> ' subject to said loan.Th�"d.eed to made to Arthur A. Nielsen or their assigas
<br /> Party of the second part agrees that should he fail or refuse to carry out the above con- '
<br /> ' c?itions,the money already paid shall be forfeited as liquidated damages,at the election of
<br /> � party of the first part.
<br /> � The party of the first part agrees to furnish a marketable abstract of title covering said�
<br /> ; propei°ty days before delivery of deed,brought dovgn to date,and give 5 days for examination ;,
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<br /> ; and if the title is defective said first party to have a reasanable time to correct said de- !i
<br /> ; fect or defects and shova same on the abstract
<br /> No�,if the sai d party of the e econd part shall pay the sum or sums as above set f orth and i
<br /> carry out the conc�itions above named,time being the essence of this contract and of all the i';
<br /> conditic�ns thereof,the party of the first part will furnish a �tarranty Deed to said secand ��
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<br /> ;, party at off ice of Dill & Huston Co. Grand Island,Nebr. and pay all taxes that a.re a lien on sa�d
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<br /> ' property,a.nd up to�nclu�.ing for 1q23 & assign the insurance,and given possession on delivery!i
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<br /> ' �f this contract ,sub�ect to a11 the terms of this contxact. Said second party and his heixe '�
<br /> or assigns are not to co��mit or permit any waste on said property but are to keep same in as �
<br /> goo� condition as �ame will be in when it is decorated on inside walls of dr�elling house on
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<br /> said lot ,subject �"o usual �ear of use of a property. The second p�.rty to have rebate of inter_ ''
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<br /> est on first six months interest payment°�11 days being from Dec. lst ,td Dec ,l2th 1923 i'
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<br /> And whereas the said second party has agreed and does hereb� agree that the second party ii
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<br /> shall and will pay all taxes and asseesments levied or assessed upon this confract and upon �,'
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<br /> the debt secured thexeby; to keep the buildings on said premises insured for the sum of �3500. (�0
<br /> � both fire and tornado policies for the benefit of said first party or assigns,and to deliver 'i
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<br /> ' ' to said first party or assi.gns the poLcies for said insurance;to pay all taxes and assessrnent�
<br /> . ; on said premises ,before the same shall become delinquent ,and not to commit or permi� any �'�
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<br /> v�aste on or abaut the same; ��
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<br /> And whereas ,it is further agreed that if the s econd party shall fail to pay the taxes upon;`
<br /> ' said premise� or upon this con�raet or the debt secured thereby before delinquency,or to ;'
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<br /> ; iurnish such insuranee thereon,the first party or assigns may pay such taxes,and procure and �,'
<br /> pay for such insurance ,and the second party shall re-pay to the first party or ass�:�s the
<br /> sums so paid for taxes and insurance,with interest thereon at ten per cent:and the sum so pai�,
<br /> ' with interest , shall be covered an d secured by this contract,and shall be a lien thereunder �.s ';
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<br /> from this date;
<br /> N0�'d THEREFORE,if said deb� together with all moneys ad�aanced by the first party for taxes �i
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<br /> ' and insurs.nce shall be fully paid,�ith interest thereon according te the tenox and effect of ii
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<br /> saia debt and of this contract, then said deed shall be delivered but if said debt or any parti�
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<br /> ' thereof or any interest thereon sha11 not be paid v��hen due,or if the second party shall f ail �o
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<br /> �; keep ar.d preform any of the covenants or agreements herein contained,then said debt shall
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<br /> ,�, im�ediately beeome due,and the first party or hia heirs or assigns shall have the right to ',;
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<br /> cancel this contract at once.
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<br /> 'i IN WITNESS VPHEREOF,the parties afore,aid have subscribed their names to duplicate contract�
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