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<br /> 17b04—The Auguatine Co., County 3uppliea, Grand Island, Nebr.
<br /> in any one year, tY�en eecond part�ea agree to pay any additional amount necessary to pay ;
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<br /> euch items oP taxes and insurance.IP sueh monthly payments oP �7.�0 per month amount to !
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<br /> m ore than enough to pay said taxee and inaurance premiume, then any sum remaining aPter
<br /> m ak3n� such payments shall be applied on thp amount still �rtpaid on this contract,F3rat
<br /> party a�reea ta use the money recelved from ea�.d monthly paymente oP �7.50 to the payment ;
<br /> oP said ta.�es and insurance premiuma,except as herein otherwise provided. .
<br /> Paga #2 to Matthevrs-_arand Island
<br /> It is further agreed that posses$lon oP said above legalTy deseribed property ahall be
<br /> g iv�n to second partiee as of April I,19�0 sub�ect to the rights oP tenant now in possessiion.
<br /> First party agrees to furnish abstract oF title to eaid above deseribed property to �econd;
<br /> partias, certiPied to the date of this contract,sho�ring good and merchantable title in Pir�lt
<br /> party to sa�d property,free and eleax oP al�. liens and encumbrances, except taxes as above ;
<br /> stated,and. any and aZl liens and encumbrances against sald property caused by acts of seco9n8
<br /> parties or as�igns gubsequent to the date of. this contract,and it ie hereby agreed th�t
<br /> Pir$t party shall nat be required to extend or continu� said abstract to any t3me beyond '
<br /> the date oP this contract.
<br /> It is Purther agreed that �rhen one-�hird of the purchase price for said property,as here= '
<br /> �.n before eet Porth,and aII interest thereon,has been paid,Pirst party may execute and
<br /> delSver to second parties a good and suPfic3ent warranty deed �o seid above deseribed prop;-
<br /> erty,free and clear of alI encumbranees except a8 herein provided,and said second partiea '
<br /> then agree to execute and deliver their bond or note Por the balance due to Pirst party, �
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<br /> under the terme of th3s contract,the game to be eecured by a Piret mortgage on the abov� �
<br /> described property,Such bond and mortgage to be payable at the rate of fifty-eight pents ,
<br /> per �I�0.00 per month on stock and the sum of forty-tpo cents per �100.00 per month on
<br /> interest,making a regu3ar bu2ld2.ng and 2oan pay�ient of �1.40 per �I04.00 p�r month,and sa11d
<br /> bond or note and mortgage shaZl be executed upon the forms of first party.
<br /> Second partiea a�ree to keep the improvements upon sald property insured in a good and
<br /> responsible ineurance company in the sum of not Iess than �2000.00 against loss Prom fire, ;
<br /> 1.i�htning,a�indetorm, cyclone,tornado,hail,explosion,and smok� damage,far the ben�fit oP
<br /> first party,and to deliver the policy or poZicies Por said insurance to first party,and in '
<br /> the event eecond parties ehall Pa31 to procure said insurance,or BhaII fall to keep said
<br /> �olicies of insurance in Porce,and said dePault shall continue for t�enty-four hours, then
<br /> said Pirst party may procr�re sa2d inaur�nce at the expenge of said �econd parties.It ia
<br /> mutual7.y understood,however, that during the term th� purcha�e of this property 18 in th�
<br /> form oP contract that party of the firet part ahall write the insurance poZicy or policies!
<br /> �►nd ehall pay premiums for such policie� frvm the tax and insurance account oP tvithin con-;
<br /> tract.The insurance now in force on the improvements on said property ahall be assigned toi
<br /> second part3ee on a pro rata basis and second parti.es are to pay fir�t party the unearned
<br /> premium due thereom. -
<br /> Second partiea agree to keep the improvementa on said property in good condition and not
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<br /> to a1.2ow said premi�es to be used Por any unlawful or 111egal purpoaes.
<br /> It is mutually a�reed that time is an essential element oP this aontract, and that in cas�`
<br /> of non-payment of any installment of principal or interest, or in case
<br /> of the Pai.Zure oP eaid second parties to �:erfora� or observe any of the covenants hereby ma�e,
<br /> or to keep said propertq in good repair, then the entire unpaid balance on this contract
<br /> shall,at the option o�' first party,become due and pa�able at once, in which event said eeco#�d
<br /> parties ahall Porfeit alI payfr►ents made by them on thie contract,whieh said payments ehall;
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<br /> be retained by said Pirst party in fu1.1 satisfaction of all liquidated damages auetained b�
<br /> sa3d firat party by reasan of the breach of this cantract by said second partiea, and eaidj
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<br /> -:�first party shall have the right to�:re-�nter and take possesslor� of said-premises aforesai�;
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