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<br /> 17b04—The Auguatine Co., County 8uppliea, C}rand Ieland, Nebr.
<br /> bt�;�n� a r�art of thP pr�mises he:r�einabove describec, would otheY•wise be reserved by
<br /> Seller for its benefit durin� the valid continua.nce of this contr�ct until t'rle deed herein
<br /> provided for has 'peen delivered to PurchasPr.
<br /> It is hereby �rovided th�t if the aggregate of. s�zch proceeds a.fter retiring above-
<br /> mentioned interest is not sufficient to ��ay sa_id �rincipal instalment of �1300.00, Seller
<br /> agrees to extend t'�e time of payment of the rem�inder of s�id instalment for one year
<br /> (provided t�lere are no delinquent taxes) , and fo.r tr��ree more year( s) , if necessary, pro-
<br /> vided Purcha.ser is not other�.aise in default under the terrns and. conditions of this contraet.
<br /> When s�id insta..lment of �i3oo.�0 ha,s been ��a,id., and t�roviding that the Purchaser ig not
<br /> in default in any of the terms and conditions of this contract, Seller will convey sa�id
<br /> premises to Purcha.ser by Special �larranty Deed, and Purchaser a.nd spouse if any, will
<br /> execute and del.iver to Seller a First Real Estate Purcnase Money Mortgage anc� Note for the
<br /> rem�inder of said principal s�zm, to-?ait : �9700.00 �,�ith interest tnereon at the rate of 42�
<br /> per cent. per annum, principal to be retired by an annua.l amortization instalment due and
<br /> p�yable in e<�ch year for �he first five years; computed on a basis of �30.00 per �1, 000.�0
<br /> of thP ��rincipal sum so �ecured, and an annual amortization instalment due and payable in
<br /> each year for tt-:e next nine years computed on a. basis of �$�0.00 ,�er �1, 000.00 of said �rin-
<br /> cipal sum, and tne remainder of ;�rincipal and interest, by a final instalment, durin�; thP
<br /> fifte?ntn and last yea.r of t��e te��m of said mort�agA; said deed, note and mortgage to be
<br /> on forms regular. ly used by Seller in i�;s mort�a;e transactions in the State of Nebraska.
<br /> It is mutually agreed that the Purchaser is to deliver free of charge to the nearest
<br /> market all sma.11 grain crops affected by this contract a.t tr�e time of threshing, and all
<br /> corn crons affected by this contra.et, at proper season, shelled, as Seller may direct;
<br /> a.nd furnish Seller ?�rhen threshing is completed, a statement ,:�i�ned by the thresher, of the
<br /> kinc�s and amounts of grain tnreshed ( includin�; tne over-run or under-run a.11owed) .
<br /> It is a;reed tnat Purcnaser is to reimburse Seller, on or before M�rch lst, 19�2, such
<br /> nortion of nremiums upon existinJ fire and windstorm insurance ,�olicies covering the build-
<br /> ings upon s �ic� ��rAmises, �epresenting on a pro-rata basis, the unexpired term of such in-
<br /> surar�ce, from a.nd after March l.st, 19�2, and t�ie Purcnaser also agrees to reimburse Seller
<br /> for a1.1 premiums coverin;; insur�nce reeff'ected by it ciuring the term of this contract.
<br /> It is f�,1r'tner agreed that until ��500.00 of said ��urchase price nas been paid, the
<br /> Seller c1�.��.11 havP t'.r�e ri�ht to su?�ervise sa.�d T�rPm3.ses ar�d to direct tne o�eration thereof
<br /> and t'�at thP r,remises sha11 be o,�erated sclely for agricultural i�urx�oses. jhe Purchager
<br /> exnressl_y agrees to execute a.nd deliver to SPller unon Seller� s reauest, additional chattel
<br /> morte��es upon crops ra.ised or to be r�ised u��on s aic� r�remises and upon any of the cr.attels
<br /> herein described in order to further secu .re the ��a.ymen� of any or �.11 nayments herein re-
<br /> auired o� the Purcraser to entit� e h:�m to t'rle deed herein t:�rovided for and the Purchaser
<br /> furthe� s7�ecifically a�rees to keep al1 crops and chattel.s herein referred to free and clear
<br /> of PriC'IITi'vY'ariC?S an�. liens of �rllatever nature.
<br /> It ic furt:�er agreed if ��urchaser shall lease to other 1�arties all or any part of said
<br /> lan d durin� the tPrm of this contract ne will u��on dem�nd assi;n said lease to the seller
<br /> as ac���itional anc� collateral seclzrity fo.r tnA p��yment of all sums due or to become due
<br /> under said contract. �
<br /> Purchaser to furni�h insurance on buildin;s T,�ith loss if any to seller, in amount of
<br /> �15ao.oo.
<br /> Seller to have l��l crops and ���y 19�1 taxes.
<br /> Conveyance is to be sub,ject to ri�;nt of present tenant a.s to occupancy of real estate
<br /> and inter. �st in any improvements on said land.
<br /> Any irrig�tion t�ells �or �>umps ��ut on said prAmises by buyer are to become a part of said
<br /> re^1 estate as soon as same are paid for by purchaser.
<br /> All un�?,id s�ams under tnis contr��ct s_�a11 dra.w interest at tne rate of fo�ar �nd one half
<br /> (�4-z) per cent. per annum, from iKarch lst, 19�-�, payable at the sarae time' th�t any payment
<br /> on tne princi�al hereof is due a,s a.bove a=�d sn�;ll be in addition tner�to. All instalments
<br /> of princi����l andlor interest not T�aid ztirhen due shall bear interest after maturity at the
<br /> same r�te ��er �nnum until ��aici, but only to trie exterit ,�ermitted by Statute.
<br /> The proce�ds of any pa.yment made to Seller s:::�11 be at�1�lieca as follows: F�rst-- `�'o pa.y-
<br /> ment of a.11 interFst then due under this contr<�ct; S?COYLU -�— rl'o t.�e pr. incip;�l of this con-
<br /> tract, or Seller� m��y ��.t its o��tion ap��ly tile proceeds of �.i�iy r�a.yment ma.de by Pu-rcnaser to
<br /> the t.�ayment o�' taxes a.nd assessments ciue or delinque�it before� apvlying same to the pa.yment
<br /> of interFSt or t�rincipal r�ue uncxe .r t��_e contr<�ct.
<br /> A11 �».yments mad_e un�:`er thi, cor�tr��ct s�:l��l.l be ma.de a.t tne Home �ffice of t1�e Se11er in
<br /> Montpelier, Vermont, or such othe-r pl�.ce as Seller from tirne to time may clesignate.
<br /> The Purchase .r agrees to pay al.l t<�xes ar�d assessments, ordinary and extraorciinary, th�t
<br /> may he levied or assessed, or t;_�t m�y become cr_argeable a�air.st tne said premis?� ar any
<br /> part there�f, at 1.east ten days beYore t:�e same become delinquent, commencino �aith taxes
<br /> and asses�ments �'or tr�e y�ar 19�+2, p�.yable in 19�-�. in tne �veri� Purchaser fails to pay
<br /> tne taxes and a.sses�=rne:�:ts, a.nd insu��nce ��r?miurns as hereinabove nrovided the Seller may
<br /> nay sucr'_ taxes and assesti=ments and all mone;�s tr�us ?�a.id by Seller, includ�n�; insur��-nce
<br /> premiums, shall become r�art of tre ���rincipal sum hereun�er a::d shall bear interest at the
<br /> rate of Six (6/) ��er c°r�t. ,�er annum from t!�e date of��a.yment t':,ereof by the Seller.
<br /> Time is of tne essence of this ?.�reement and if Purcnaser fails to pay the principal.
<br /> sums ar�c� tne interest the .reon, or any pa.rt t41eY'F'.OF� in t'.rle m:,nr�er and at tne times above
<br /> statAci, or fail to p�.y the taxes and assessments and insur�.:lce r;rer::iums, as hereinabove
<br /> provide�, or t� ccmY�ly w7 th �ny of t}�e otner covena_t�ts ar.d agreements herein conta.ined,
<br /> this cont.r�ct s���ll, at the o��tion of Seller, immedia_tely thereupon become null and �.Toid,
<br /> in w}�icYi event Seller sh�11 re,tain all moneys p�:.:i� an a.ccount of tnis contract and also
<br /> of all imnrovemer�ts made on sa�d premises by Purcha�er, in full satisfa.ction for ai�y
<br /> d.am^��e it m��y sust�.in by reascn of ��.�ch f�ilure, ( except its ri�;rlt to any crops grown
<br /> or groT.rinr� on s�id �� .remiaes ti�r:�ich it hereby reserves as mo�: e fully a.ppears hereafter) and
<br /> Purcha.ser s��ll not m�intain in such eve;:t, any �,ction g�°ottiir.:,� out of this contract; or
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