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<br /> � AGREE�dENT ij
<br /> i THIS INDENTUREI�ade this Seventh day of Pday 1923 by and between �t.E. Smith of Grand Island, '�
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<br /> Nebr.party of the first part ,and Clarence Kroe�er party of the second part.
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<br /> ; WITNE'SSETH.;That partp of the first part has this day sold to the party of the second part !i
<br /> and party of second part has agreed to bup the followin� described property,to-wit: Lot
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<br /> Four�een (1�-) in Belmont ,an Addition to the city of Grand Island,Nebraska,Sub�ect to all
<br /> ! the re�ervations mentioned in the deed �iven to said �V.E. Smith recorded in Book 57 Page 57 �'
<br /> Iof Hall County records one of the reservations being tha.t no colored person shall everp
<br /> � occupy lot together with all appurtenances thereto belonging,for which the party of the
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<br /> � second part agrees to pay the sum of Two Hundred Fifty Dollars (�250.00) paqable as follo�s; !�
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<br /> . j gifteen Dollars cash in hand,reeeipt o���r�ich is hereby ackno�rledged. Balanc��5.�0 on ffiay �;
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<br /> ; 14th 1923 and the swn of Five Dollars payab2e on each subsequent �donda.y thereafter until sai�:
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<br /> balance is fully paid,with interest at tbe rate of seven per cent from maturity only. '
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<br /> � Party of the second part ,agrees tha.t should he fail ar refuee out the above con�.i�t�n�y I;
<br /> ;; the money already paid shall be forfeited as li quidated damages,at the election of party
<br />; of the first part.
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<br /> � Now,if the said party of the second part shall pay the svm or sums as abone set� torth ;'
<br /> !I and carry out the conditions above named,time being the essence of this contract and of all �,!,
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<br /> �; the conditions thereof,the party of the first part ��11 furnish a �larranty Deed to said
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<br /> '�i second party at office of Dill & Huston,Grand Island,Nebr. and pay all taxes that are a liEn '
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<br /> '; on said propertp,and up to 1923 and assign the insurance,and �ive possession
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<br /> And whereas the said second party has agreed and does hereby agree that the second party ;
<br /> � shall and �ill pay all taxes and assessments levied or assessed upon this contraet and upon ;
<br /> ' the debt secured thereby; to keep the buildingson said premises in$ured for the sum of �-----���';
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<br /> '� for the benefit of said first party or assigns,and to deliver to said first party the polici�s
<br /> ;; for said in$uranee; to pay all taxes and asaessments on said premises,before the same shall
<br /> � become delinquent,a.nd not to commi� or permit any waste on or about the eame; !�
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<br /> � And whereas,it is further agreed that if the second party shall �'ail to pay the taxes ''
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<br /> upon 8aid premises or upon this contract or the debt secured thereby before delinqueneq,or ;;
<br /> �; to furnish such insurance thereon,the first pa.rty or assigns may pay such taues,and procure �
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<br /> �i and pay for such insurance,a.nd the second party shall re-pay to the first party or assigna
<br /> the sums so paid for taxes and insurance,eith inter� st thereon at ten per cent;�.nd the sum
<br /> '� so paid,with interest ,shall be covered and secured by �r�tis contract ,and shall be a lien ther�-
<br /> ; under as from this date; �
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<br /> ; NOW THEREFORE, if aaid note together with all moneys advanced by the first party for !
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<br /> i taaes and insurance shall be fully paid,with interest thereon according to the ten�r:-and i�
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<br /> ! effect of said note and of this contract,then said deed shall be sfelivered;but if said note �r
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<br /> ' any part thereof,or any interest thereon shall not be paid when due,or if the second partq I�
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<br /> �, shall fail to keep and perform an�a of the covenanta or agreements herein eontained,then said!I
<br /> � note ahall immediately become due,and the firat party his heirs or assigns shall have the �'
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<br /> l right to cancel this contract at once.
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<br /> j IN �GITNESS WHEREOF,the parties aforesaid have subseribed th�ir names to duplicate contrae�s
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<br /> the e b e �'
<br /> da.t a ov mentioned.
<br /> �itnesses: �i
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<br /> � �! J.E. Dill 49.E. Smith ii
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<br /> �� Clarence Kroeger !�
<br /> Filed for record this 1 dap of May 192�+,at 3:10 P. M. !��
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