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3/14/2012 12:53:11 AM
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O-558
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P.- <br /> ,, <br /> : ��;_.; <br /> � <br /> ���f���'�����'�s`����'����� ����''���� � <br /> _ __- _ _ . _ _ _ _ <br /> _ T_� _ - -- _ __ <br /> RFl871-s7ATE�,Q�RNAL COMPANYi,LINCOLN,NEB. . . � <br /> �5250. 00 and the same shall be paid in installrnents of �5�. 00 ea�h,per month payable June <br /> 1,1925 and said payments will continue on the first day of each and every month during the <br /> life of the lease above described,which expirea on �a.rch 1,193�+• <br /> It is further agreed tha.t there is to become due under said les.se the sum of �5250. �0 but <br /> that the same is assigned to the party of the fi�st part in payment of the sum of �4250. 00 <br /> difference due on the above deacribed property,it being understood that the difference of <br />, �10�0. 00 in the sum of �4250.00 and �525�. C�0 is granted to the party of the first par� on <br /> account of no interest accu�ulating on deferred payments under the lease. It is agreed,how- <br />' ever,that the payments of sai.d �50. 00 as provided in said lease is guaranteed by the partiee"'; <br /> of the second part herein;that is:,that theq agree to guarantee the papment of the said sum <br /> of �50. 00 per month a$ the same becomes due under said lease. I� is agreed,however,that the�,' <br /> �ill have until the lOth of ea.ch month to �nake t�re payment at said Bank if they so desire. <br /> It is further agreed that in the enent that the said Alfred H.Rehder and Minnie Saas <br /> should surrender or forf eit said lease,the parties of the second par�. herein shall ha�e to <br /> option to lease the same to such other persons as theq desire and if they should receive mor� <br /> than �5�. 00 per month for said Iease during the remainder of the life thereof,the said surn , <br /> in excess of �50. 04 shall belon� to and become the property of the said parties of the secand <br /> part. The intention being that the said parties of the sectond part are to gt�arantee only the�' <br /> ' sum of �.=50. �0 per month as set forth in accordance with the terms of said lease. <br /> '� <br /> It is further agreed that said lease shall be assigned to the parties of the first part b�► <br /> the parties of the second part and that $aid payment$ shall be guaranteed by them,but in the;; <br /> eeent said lease is forf eited by the said Alfred H.Rehder and Minnie sass the same shall re-�i, <br /> vert to the parties of the second part herein,but thep shall continue to make thepapments `' <br /> of �50. 00 per month as set forth in the above con�raet. <br /> It is further agreed that the party of the first part will furnish an Abstraet of title <br /> to said premises ,showing the party of the first part to be the o�vner of a good marketable <br /> title to said premises,free and clea.r of liens,taxes and encumbranees and shall extend the <br /> same do�n to da.te of June I,1925 and shall de2iver said abstract together �ith A►arrantq Deed; <br /> for said premises to the parties of the second part on or before June lOth,1925• <br /> It is further agreed that all �indow shades and storm windows in said house and thereto <br /> belonging shall go with the said premises. <br /> The party of the first part agrees to assign the insurance �vhich it now holds on said <br /> ;, <br /> premises,to the parties of the second part ,free of charge. i'i <br /> ii <br /> It is further a�reed that all paving taxes against said premi�es shall be �ullp paid by <br /> I!- <br /> the partq of the first part. <br /> It is fuxther agreed that the party of the first part will �ive posseasian of said premis�s <br /> to the parties of the second part upon the signing af t2�is contract. <br /> It is further agreed that the parties of the second part will execute said mortgage on ea�.d <br /> premises on or before June 1,1925 and the same shall be delivered at the time the '�arranty <br /> �eed and Abstract �,re de3ivered by t�e party of �he f3rst part. <br /> It is further agreed that the partie� of the s econd part will execute the assignment of t�pe <br /> �f said lease at the time of the signing of this contract. <br /> ,, : <br /> It is fur�her agreed that time is theeasenee of this contract and for the faithful per- �; <br /> formance of all of the conditions ther�under. <br /> IN '�ITNESS '�HERHBF- the parties have signed the foregoing contract the day and year first <br /> aboee written. <br />--___�_=_: :: : _ ,. --- -- ---__-----=__—_—_- <br /> ii <br />
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