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5�� S R�EC O�.D �
<br /> ��SC�LLt��T�O�J
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<br /> 'fXEAUGUlTINECO -7GOG �� ' ' � �
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<br /> �, Said part3es of �Ghe second part hereby covenan� and a�ree to pay the partles oY the first par�G, , �
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<br /> I' or the survivor of said parties a sum not to �exceed �1�,000, payable as hereinaPter set Porth: �j
<br /> i` One thousand dollars �vill be paid by second parties on t�e execution of this A�reement to C.�. +`
<br /> ; Dominy & Co. oY Hastings, Nebr�.ska, to be held by C.�.Dominy 8c Co. until an. abstract af title 'y
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<br /> ��ishowing good and merchantable title in first parties has been delivered to seeond pa,rties and an 'i
<br /> ' adequate time allo�ed second parties for the exa.mination thereof. If second partiea approve . said;�
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<br /> I ititle then said sum of �1040 shaZl be immediately paid �o Pirst partiee. In event first parties !,
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<br /> � fail to furnish second partiea treith an abstract shvwing a good and merehantable titl.e ln them�elv�s
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<br />� , within 30 days aPter the execution of this Agreement, then at the option oP seeond parties �his ��
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<br /> 1Agreement shall be void and said �1400 payment shall be returned to second partiea by the said '!
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<br /> !, C.�.Dominy & �o. ;i
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<br /> ; 9econd pa�ties further agree to pay first parties on or betore �darch 1, 1936 the sum of �3000 andi
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<br /> to exceed 11 404 in e ual annual installments of' �5�0 each, payable on the �
<br /> the balance of not � , q
<br /> jfirst day of Mareh each year thereafter, the f irst of' said inetallments to be due �arch 1, 1937 .!
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<br /> ; and none of deferred payments shall draw any 2nterest. 3ald annual payments of' �500 as aforesai'�.
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<br /> �; shall be made during the lifetime of firat parties or either of them until the entire balance ;�
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<br /> I be or� s id ba7,anae is ald in '�
<br /> t a of the first art P a
<br /> ' I n e v e n t o f t h e d e a t h o f b o t h o f t h e p a r i e p P �
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<br /> I, full, a].l Iiabil i ty o f secon d par t ie$ s ha l l c e a s e a n d s e c o n d p a r t i e s s h a Z 7. b e e n t 3 t l e d t o a l l ;r
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<br />� ; the benefits of this contract the same as though first parties, or either of them had lived until�
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<br />' ! such time as the e ntire balance provided for herein ehould have been paid in full. It bein� ex- ;;
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<br />� ;' pressly understood that the purchase price of eaid real eetate shall or�ly be the amount due and il
<br /> ,; payable on this contract and pursuant to ita terma pripr to the death of Pirst partie�, and upon �;
<br />� ';` the death of said f irst parties, if all payments due and owir�g have been paid, said purchase pric�
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<br /> d in f ul l ,
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<br /> ; shall be aonsidered as having p ��
<br /> � First parties further agree to execute a deed as of this dat� and to place the same ir� escrow, �!
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<br /> ,' ta�ether �vith a copy of this cc�ntract in The �dortgage Investment �ompany oP Hastings, Nebraska, ;4
<br /> ' and that said escrow agent sha11 either upon prooP that the entire amount of �15,400 has been pai�.
<br /> �,; first parties, or upon copy of death cer�iPicates or other eatiafactory eviden�e of the dea�h of�'
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<br /> ' both of said first partles bein� Purnished said escrow agent and upor� ea'tisfaetory evide�ee that ;�
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<br /> ; all payments accruing under this contract and prior to their death, have been paid, immediately� ��
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<br /> ;; deliver said deed to the second parties, their heirs and assigne. + ��
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<br /> `� T� is further agreed and understood that the second paxties, at their option, may pay all or any �(
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<br /> !; portion of said �15,000 at any time they elect to do so, and the payments so made in exeess of tY�e
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<br /> ;; amount due shall be apblied on the next payment, or payments, becoming due or 1mr�ediatelq suecee�-
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<br /> � ing the date of said optional payment. Posse$sion oP the above described property shall be giver�
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<br /> ' $eeond partiea on or before �arch 1, 193b.
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<br /> �! Partiea of the seeond part agree to carry not less thar� Three Thousand Dollars (�3,00�.00) insur�(
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<br /> '! ance, or such amount as the inaurance company will agree 'Go carry on the buildings naw located or�
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<br /> ; the 3and covered by th�.s contract, with loas payable clause to parties oP the firet part to prot�iet
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<br /> '��� thelr in�ereet in said land untii such time as terms vf this contract haue been PulPilled. �r
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<br /> �' �ption bein� given the parties o� second part to use such insurance money colleeted in case of lc�es
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<br /> �� for rebuilding the buildin�;s on said land or to apply same on the next Pollowing pay�ents due on ��
<br /> , ;I�i �he cantract to the narties oP the first part.
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<br /> ; Second partie� further agree to pay aIl ta�ces, a�eessments, or imposit3ons that may be legall�► ��
<br /> ` levied or i�nposed on said land after the year 1935•
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<br /> !� It is Purther agreed �hat if the second partiee fail to make any of the payments above provided 'I
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<br /> �� or to perform any of the covenants on their part hereby made and entered into, this contract sha7�2,
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<br /> !; at the option of the first parties, be florfeited and determined and the parties of the �eeond �� .
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