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<br /> CQNTR�CT FOR 9dI,� �F REAL ESTATL '�
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<br /> ARTICLE� 4F AGREEMET�T,�ade this 15�h day of Julp,19�� by and betw�en �a.y McAllister Arth�tr, „
<br /> in her own right.,and as attornep in faot for Gra.ce Rieder,Louis A.McAll3ster,Ruth Hansen, '
<br /> Harrp ��Allfster and Eli$abeth Crawford,the heirs of Emma� A.McAilister,deceased,parties oi t�1�
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<br /> fir�t part,and Bnak & Brown Companp,a Qorporation,crgani�ed under ar►d bp virtue of the la�rs
<br /> of tbe 3tate of Nebraskn,party cf the second part,�IT1�SSE?H:
<br /> �'hat the said pa,rties of the first part have this day bargained and eold to the party af t�ie
<br /> second part,and �aid eevond party hae this dap agreed to purchase the folloAing desoribed ,;
<br /> real estate,sltue�ted in Cirand Ieland,Hall aounty,�ebra.eka,to-wit:
<br /> ' All of Lot Four (�) ,in Blovk Six�q_seven (67) ,in the Original Town,now City,oY arand Is- �'
<br /> land,Hall Cotmty,�e�acaska,except the Northerlq seventy_five (75) 4eet .of the Sasterly Bevea- �
<br /> _ tesa (il) feet of said lot,ae deavribed in the deed recorded in Boak "�p ,at Page 623 oi the
<br /> record8 of Fiall �ountp,Nebraska, according to the reoorded plat thereoY,�or tbe sum of Fiity.:',
<br /> five Thousaad � no/140 Dollare (�55,044) ,�yabl� aa follows,to-.�ri.t: Fi4e Thousan�d and no/144 ''
<br /> Dollars t�5004} to be pa.id to the partie� of the first p�.rt,cn cr before the ensealing of the�e
<br /> ' inatruments,the reQeipt�° whereof is hereby ackao�►ledged,and the balance oY Fifty Thousancl and!;
<br /> ' no/140 Dollars (�50,400) to be paid to the parties of the first part,on or before the lst dayl
<br /> of August,l92�.
<br /> The parties of the firet part agree tha.t they will furnfeh to the pa.rty of the �econd part �
<br /> an abstract of title,showing a good marketable title in the sa3d firet pa.rtfes,sub�ect to thei'
<br /> righte og the tenants now ia eaid premiees,c�n or befcre the 20th day of July,192�,ior approva�
<br /> ' by the party of the second part.
<br /> The partq of �he eecond pe.rt agrees that in the event it shall not approve the eaid abstraqbt,
<br /> -- that it wili return the same to the parties of the first pa,rt for correction,an or beYore the !�
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<br /> 25th da.y of dulp,l92�,and �ha� on tsilure to return said abstract with the ob�ectioas thereto;;
<br /> on or before the se�id 25th clay oY Julq,l924,the party of the seoond part Rill be deemed to hs�e ,
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<br /> ! aeaepted said abstraat as showing a good,marketable title.The parties oi the first part shall�i
<br /> have a reasonable time on the return of said abetract for correotian to correot any defects ;�
<br /> appearing therein. !�
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<br /> The parties af the first part oontraot and agree to deliver pos$ession to ��e pe�rties ot ��
<br /> the seQOad part on the cl�te Rhen the FiYty Thoueand Dollars ��54,404) shall ha�e bean paid, �; '
<br /> sub�eot t4 the rights of the tensnts ao�r in said building; tire insarance poliQies �o be
<br /> ' aasigrt�d bp the partie� or the first part to the party of the seoond part oa a pro rata ba,�e. !i
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<br /> Nor►,if the said party of the second p�.rt sha,ll pap the sum as abvve eet� ior�h,time beiag ': �
<br /> ` the esaence of this contraQt,arid shall pap all taaes and assessments,�rhether �peaial or ge�i:. �� 3
<br /> eral ehieh may beQOme due on sai8 real estate for the qear 192� and thereaiter,then the said i �
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<br /> partiea oY tbe first pa.rt �►ill,a� their own ccat,eaecute and deliver ta the eaid psrty oi the �!
<br /> seeond part,or its �.esigns upon surrender oY this aontraQt,a warranty deed to the sbove dea:: ��
<br /> cribed premf,ses. �
<br /> � And it is further agreed that in ca�e the party of the second part shall iail,neg�et�� or �; �
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<br /> refuse to pay the �50,0t�4 on the firet r3ay oP August,1924,or vn the date when the parti�s of I �
<br /> the first part shall tender to the parties of the �eaond part a gcod and s�atYicient �re�rraatg �;
<br /> deed to asid remisee without hereb xaivia th� e uitable remed of �
<br /> P � 9 S Q Y �.Yic per�ormsace, !! i
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<br /> should the parties oi the first part deeire to resort to avch r�nedy,the parties ot the fi�stl; ''
<br /> � ar� ma retain the �a �e �� ii �
<br /> p y p ym at of Five Thoueand Dollars t�5400) made thie d�s�te as full nnd oar.
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<br /> plete liquidated c]amages for the aonfulfillment of the cantraot,the �aid amotm� baing now ev�- i
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<br /> mated bq the par�iee hereto ae fairly representing the amount cf damage whivh uo#ttd be �ites�d
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