|
` 4�� i
<br /> �� �� 1E�LA�T���.J� ��� O�t�JJ �
<br /> rxe�ucusr�neeo,ts�e�
<br /> CONT:�CT ��'
<br /> THIS AGREEDZEr?T, 1Vlade r�nci entered into this 23rd day of March, �936, by and between Glen H.Miner
<br /> and Rny W.A41ner, p�.rties of tYie first part, and Albert Stehr,party of the second part, all of Grand
<br /> Island,H�.11 Count�, Nebraska., V��ITNESSETH;
<br /> The parties of the first pt�rt have this day contracted to sell and do hereby sell to the second �
<br />' p�,rty th�.t p�,rt of the -�'�est h�.1f of the Southvrest Quarter (�V2 SW�) of Section Eleven (I1) , in Tov�n-
<br /> ship ElevPn (lI) , North, , of Range Nine ( 9) , West of the 6th P.�1. , in Hall County, Nebraska, that
<br /> I lies South of t�ie 90 ft, strip of la.nd eonveyed to the State of Nebraska by Warranty Deed dated
<br /> Mareh 9, 1.931, and recorded in Book 71 of Deeds at Page �-13.
<br /> I IN CONSIDER.ATION ��HERE�F, the said second par'ty does hereby agree as follows, to-wit:
<br /> For the West half of thp premises hereby conveyed, the second party a�ree8 to pay the sum of
<br /> Twenty-five �Hundred Dollara (�2500.00) in c ash upon the tender to him of an abstract of title
<br /> showin�; a marketable,le�al title to be vested in the first parties, free and clear Prom a11. liens
<br /> �nd encumbr�.nces whatsoever, and a �arr�.nty Deed from said Pirst parties and their spauses to the
<br /> I second party. Of said �2500.00, One Hundred Do�Iars (�IOO.aO) caeh in hand has been paid, the
<br /> receipt whereof is hereby acknowledged, and the balance is payabl.e upon the tender of said abstract
<br /> and warranty deed, as aPoresaid.
<br /> half of s�,id tract the secorid party contracts and agrees to pay the sum of Tv�ro
<br /> For the East �
<br /> I Thousand Dollars, (�2000.00) payable as follows, to-wit : Five Hundred Dollars (�500.00) on or bePore ''
<br /> March 1, 1937, �.nd Five Hundred Dollars (�500.00) on or before the first day of March of each
<br /> succeeding year until said principal sum with interest at 6 per cent per annum from this date shall
<br /> have been paid in full. On each installment paying date, the second party rxgrees to pay the in-
<br /> terest accrued to t}iat date. The second party has an option to pay any part of the prineipal. in
<br /> multiples of �I00.00 of the balance remaining unpaid and the interest shall cease on an� �payment
<br /> made upon the principal f rom the date when paid.
<br /> Posaes�ion oP the entire premises is to be delivered upon the delivery of the Warranty Deed to
<br /> the West half.
<br /> The pa.rties of the f irst part agree th€zt they will forthwith tender to the second party an abstract
<br /> i of title to s�id premises. The aecond party shall. have a reasonabl.e time within which to have sa�.d
<br /> ab�tr�.ct exarnined, and the Pirst parties shall have a reasonabZe time thereafter within which to
<br /> correct any defec�s which may render said title not marketable.
<br /> The parties of the first part agree that they will immediately ma.ke, execute and deliver to the
<br /> second party, a warr�,nty deed to the East Half, which vr�.rranty deed ar:all be deposited with the
<br /> Nebraska Loan & Trust Co. in escrow to be delivered to the second party when he shall have ful-
<br /> f�I].ed the terms o� this contract. ' �
<br /> The parties of t�ie first part agree that they will furnish one abstract of title to the entire
<br /> piece. The sarae sha.Zl be certified t�,t the sxpense of the firat parties to show a marketable, Iega.7.
<br /> title at this time in the entire tract, and upon completion of this contract, the second party
<br /> may ret�zrn the abstract delivered to him for the West half of said tr'sct to the first parties,
<br /> and the f�.rat parties will, at their expense, have the same re-certified to as to the East half
<br /> oP s�.id tract.
<br /> The first parties further agree that the second party may remave at his own expenses 1200 cubic
<br /> yards of tap soil from tYiat part of the West half of the Sou�hweet Quarter of Section ll., Tov�an�hip
<br /> lI, North,R�.n�;e 9, '�Iest of the 6th P.�. , lying North of the LlncoZn highway. The said top soil -
<br /> is to be removed f'ram such pZace or places in said tract of ground as may be designated by the
<br /> first parties. �
<br /> It is further agreed by and bet�rleen the par�ies hereto that v�aithout waiving the equitable remedy
<br /> of specifie performance, in the event either of the parties hereto desire to resort to such remedy,
<br />�
<br />
|