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<br />_ .� _ ']QSB4-STA1'E JOURNAL CQMPANY.LINCOLN NEB ___�._� . . .. . . . .-..._ _ _ .___. _ .._..__._.. ..,.._,. . , . . . . . ..
<br /> 04NTRAOT AND At�REE�ENT.
<br /> THIS CONTRACT AND AGiREEMENT m�,de and entered into this 31 day of July ,1�2� ,by and b�tween
<br /> John J.Ross and Hazel E.Ross ,husband and wife ,of Grand Island,Nebraska,parties of the iirst
<br /> part ,and Ella F.J. Stegemann of (�rand Island,Nebraska,party of the second pa.rt ,WITNE33ETH;
<br /> That the parties of the firet part have this day sold to the party of the aecond part Lot
<br /> Six (6) in Bloek Fourteen ( 1�+) of Ba.ker� s Addition to the City of Grand Island,Nebraska,and
<br /> the second part has a�reed to purchaee the same and pay therefor the eum of 9even Tnousand
<br /> (�7004.00) Dollars,to be paid as folloRa;
<br /> Seoond party agrees to conney to the parties of the first part a real estate mortgage in t he
<br /> sum of �3250.00 ,dated June 1,1y26,due June 1 ,193�,on part of �he Northeaet Quarter �NE�� of
<br /> 9ection TAenty-three (23) ,Township Ten (10) ,Range Twenty-tlaree (23) ,in Daw�on County,Nebraega
<br /> together with the intexest coupons thereto attached to eaid mortgage,said �tortgage and notes
<br /> to be asaigned to tne first parties without recourse on the party of the second part;�2702.95
<br /> ofsa,id purchase price will be paid by the second party assuming and agreeing to pa.y the amoun
<br /> due on the mortgage ,to the Equitable �uilding & Loan Aasociation;the balance of said purchase
<br /> ,.
<br />, pric¢,to-�rit: �10�#�'.05 shall be paid by the party of the seeond
<br /> , pa,rt aesuming and agreeing tv
<br /> pay the pavin� taxee on said premises,also the real �state taues,which are as folloAg; Paving
<br /> taa,��96.9�,rea1 estate taa,�131.0� plua interest from May 1 ,192�; ,at 10�O;it bein� understood,
<br /> however ,that the parties of the first part will pay all interest on said taaee from this date
<br /> until September 1 ,192�.
<br /> Second party agrees to obtain a new loan on ,�aid pre�ises in the sum of �4000.00 as �oon
<br /> ae possibleand out of the proceeds of said Ioan shall pay the mortga.�e now on said premises
<br /> and the taxes as abo�re set forth,and thebalance of the purchase priee which is �316.�� shal I
<br /> be paid to the parties of the firat part upon delivery of warranty deed and abstract of title �
<br /> showing said premises to b e free and clear of alI liene,taares and encumbrances,exeept as abov
<br /> set forth; second party,however ,to deduct from the �3�6.8� any interest accumulatin� after thi
<br /> da�� up to September 1 ,192�.
<br /> Second party further agrees to execu�e a mort�a�e for the security of the paym�nt of said
<br /> sum of �316.�� wnich shall be a seoo nd mortgage on said premisea due on or before s#.x months
<br /> from date hereto ,drawinginterest at the rate of 6�.
<br /> It is further agreed that poss�esion of said premis es shall be given upon the signing of
<br /> this agreemer� .
<br /> It ie further agreed that this :�ont::�aat include� all of the improvements on said premis�s,
<br /> also window shades ,Topsy stove in basement ,also all light fiaturea in said premises excep�
<br /> the bulbs in said li�ht f�xtur�s,also a31 flor►er boxes in and about said premis��,also storm
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<br /> � window�s for tne North and �est side of the house ,and all screens on said premiee�;also �he in
<br /> suranee on said premises,said insurance to be assigned free of charge to sec ond party.
<br /> It is further a�reed that the intereat avcurnulated between this date and September lst ,192 ,
<br /> on the pavin� ta�ces and real estate taxes ehall be deducted from the amount of the second mor .
<br /> gage due the first parties.
<br /> 1 It is further agreed that the first parties will execute a deed and plaae the eame in es-
<br /> � cro� witn B.J.Ounnin�ham to be delivered in a ccordance with the above con#�ract and the s�c ond
<br /> party will have the mort�a�e assi�ned to the first parties and �ill place the same in escxow �
<br /> with B.J. Cunningham;that second party wi2l also execute a seaond mortgage on said pxemises an �
<br /> p1aEe the same in escrow,all of eaid paper$ to be dellvered in aocordance with thie a�reement.
<br /> It is further a�reed that the abatract and d�ed wil2 be deiivered by the parties of the �'
<br /> ! first part within thirty days from the date hereof and that this contract shall be eompletely
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