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<br /> thereto resting in the party of the first part ,a.nd that said �remises is free from taxes, �.
<br />� liens and incumbr�nces exce t incumbra,nces hereaftex created b the
<br /> , p y party of the seeond part,3�,
<br /> . his heirs �r assigns,taxes for the year 1926 and subsequent years,and special assessments
<br /> hereafter ereated,and as to the ta.�es for the year 1g25 it is hereby agreed that two_thirds '
<br /> thereof s�all be paid by the party of the first part,and one third by the party of the sec_ �
<br /> ond part,and as the arnount of said 1925 taxes cannot now be ascertained,the partp of the
<br /> second part is hereby authoxized to pay all of said 1925 taaes before the same become delin-
<br /> quent ,�.nd deduct from the next follo�vi.ng payment of principal and interest due to the party
<br /> of the first part ,t�o_�hirds of the a,mount of such 1925 taxes ,the party of the seeond part
<br /> ta exhibit to the party of the first part,the County Treasurer' s receipt,as evidencing the
<br /> payment of such taxea.
<br /> ;
<br /> S$id party of the second part covena,nts and agrees to make the payments of both principal ;
<br /> an� interest ,at the times herein provided for,to pay all taxes levied and assessed a�ainet
<br /> said premises for the year 1926 and subsequent' yeare,before the same become delinquent,
<br /> to pay a.11 special assessments ,hereafter levied and assessed against said premises before th�
<br /> same beco�e delinquent,to p�,y any taxes levied and assessed on this contxact or the amount
<br /> due thereon,by the authorities of Hall County,Nebraska.,so long as sections 59 5�,5951 and
<br /> 5952 of the Compiled S�atu�es of Nebraska for 1922 remain in faree and tv keep the building
<br /> on sai� premises insured for the benefit of theparty of the first part in the sum of
<br /> �3 ,000, oo. �
<br /> It is further undexs�rood and agreed that in the event the party of the second part
<br /> should fail to make the payments of principal ancz interest when the same herein made due
<br /> and payable,or fails to pay the taxes and sx�ecial assessments,levied and assessed agair�st �, I
<br /> said premises a,s herein provided,or fails to keep said building insured as herein stated,
<br /> then and in either of such events the party of the first part shall have the right,at hia
<br /> option,to �eclare the vrhole amount payable hereunder ,due and payable and foreclose hereunder.'
<br /> It is further understood and a�reed by and h etween the parties hereto that this contract ''
<br /> and agreement shall extend to and be binding uvon the respeetive heirs,executors,adminis- .
<br /> strators and assigns of the parties hereto�
<br /> i�',
<br /> IN TESTI�lONY '?�HEREOF the parties hgreto have hereunto set their hands in duplicate the �
<br /> da.te first above v�ritten.
<br /> ��
<br /> �litness: John Alexander
<br /> R. R. Horth Lester H. Langjahr
<br /> , State of Nebr�Aska, � �
<br /> ss.
<br /> �
<br /> Hall County, On this llth day of August,1925,before the une�ersigned,a Notaryi�
<br /> Public Taithin and for said county and state nersona.11y appeared John Alexander and Lester H. ;�! �
<br /> �
<br /> Langjahr, to me personally known to be the identical persons �eho signed the foregoing instxur- �!
<br /> ��
<br /> ment and they severally acknowledged the execution of the same to be their noluntary act
<br /> and deed for the purposes th�rein expressed. ;'
<br /> 1'Pitness my ha.nd and notarial seal at Grand Island in sa.id county and state the day and "'
<br /> years last above �vritten. ;
<br /> ( BEAL) R.R. Horth ��
<br /> ,
<br /> Notary Pub2ic.
<br /> l�y commissi�n expires I�arch 29 ,1g29.
<br /> �
<br /> Filed fox record this 11 day of August 1925,at 1].: 50 0' clock A. �. �
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<br /> Register of Deeda '�
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