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<br /> 21917—The Augustine Co., County BupPlies, Grand Island, Nebr.
<br /> LAND CONTRACT �
<br /> THIS AG:�EFP�ENTmade this 6tn da,y or February, 19��3, by and b�t?�een Better Builders, Inc.
<br /> her�inaftPr referred. to a.q Sellera, and J. I.Goodman and Opal E.Goodman, HEREINAFTER REFERRED
<br /> TO AS $uyPrs.
<br /> WITNESSETH:
<br /> Th��.t_ thP Sellers agree tc aell ��.nd convey to the Buyers for t�e ��rice and upon th� tPrms
<br /> herPinaftPr mentioned the follorlrin� d_escribed real estate situ�ted in the County of Hall,
<br /> anc�. the State of Nebrask�, to-���it:
<br /> ;
<br /> Lot One ( 1) Block One (1) Bet�er Homes Subdivisian to the City of Grand Island,
<br /> NPbra sk�.
<br /> ThP Buyers agree to purchase said real estate from ttle Sellers and to pay the Sellers
<br /> a.s thP ,�urchase ��rice for the same t:�e sum of Forty-Three Hundred Fifty and 00 Dolla,rs,
<br /> in payment s a.s f ol.lours:
<br /> �$10��?. 00 at the siUnin�; of t��.i� a�reement, receiut of �ahich is hereby ackno:aledged.
<br /> �550. 00 t� be paid. in monthly installments, as hereinafter ;�rovided, with interest
<br /> a.t �j� pe�� a.nnum; �
<br /> �3700. 00 or the balance, sn<�11 be pa�ia i�y Buyers as��umin� and_ agree�ng to 1�<�y a �3700. 00
<br /> mortga�e no�1T on said 1�remises in �':: vor �f the City N�tion�:l Bank, Council Bluffs, Io��ra,
<br /> which mort�age is under trie Federal Housing Administr�tion Mort�age Plan, and Bu;�ers
<br /> agree to ?�,r.y rll expensPS incident to said loan or tneir assumption of s�.id loan.
<br /> It is understood �tn�t Sel_lers h�ve paid cert�,in �remiums for mort;age insurance and fire
<br /> ins�ar�nce an� p��ymPnts �n sa.i� mort��.�P, �nd that Buyers agr�� to pay to Sellers tne sum of
<br /> �2�. 07 �?zNin� the month of March 1��+3, �.nd �2�.07 durin;� thP month of April 1g43, and that
<br /> there�.ftPr Buyers wi_11 pay the sum of �2�.07 per month on sa.id mortgage and ?tiTill pay the
<br /> Sellers t'�P sum of �22.10 on th@ fir.�t d�y of e�ch mont:�., beginning March l, 19�+3 and con-
<br /> tinuing for a total �eriod of '.Chirty ( 30) consecutive months.
<br /> Upon B�zyer' s default in payin� any of said p��yments or in paying the taxAs or r�remilzms
<br /> on �nsur��r�cP, �s hereinaftPr ?�rovided, the interest sn.�ll be figured at 9 per cent ner
<br /> . annum �_ftPr such defa.u.lt instea�d of 5 per cent.
<br /> lhe Buyers a.�;ree to x�a �11 t�axes anc� asses,�mPn�� l�vied �ba.inst said prQrnises, includ-
<br /> in� t�xes for the yea.r �9�+3, a.nd s�.�bsequent t�xes befcre the same become delinquent, and �
<br /> kePp thP iauildin�;s, if any, on sai�. p�.�emises insurPd �gainst tarnado and fi�e in a sum
<br /> not les�� tn�n �370�.OQ in f�vor of ��.ic� Sellers.
<br /> In the evPnt t:�_e al�ove p�.yrnent a.re not made u1�on the dates t.ti*nen said payments become
<br /> d�.ze, oz� if tne taxes �:ir?_ as�es=;ments of Pv�ry nature z�rhich are assessed or levied a,gainst
<br /> s��.i%� �,remiseG are not Y���.ic? befare same become delinouent, o_� if the premi�ams on insur�nce
<br /> a.re not ��.i�, t:�Pn in that ca.se the ��rholP bal�nce of the nurch�se �?rice shall, a.nd by this
<br /> ind.Pnture c�oes, immediately become due and. payable.
<br /> As soon as thP montnly r��ymen��, provi�ed above to be made to the 5ellers, shall have
<br /> I been fully x�ai:� �nd ,.�rovided at tha.t t ime the �ayments on the mort�age have been made, as
<br /> herein a.greed or SPllers r. elPased from s��id mortg�ge, time being of the essence of this
<br /> coni,r�ct, the Sellers a.grPe to ma_ke and deliver to t�le Buyers a good and sufficient war-
<br /> ranty deed conveyin� s��.id real est�,te to the Buyers in fee simple free �f'all enc�zmbrances,
<br /> excex�t taxes for the ye,��r 19�3 and subseauent taxes and tile mort�;age to the City National
<br /> B,�,nk,- Cauncil Bluffs, I�. -
<br /> In the evPnt that the Buyers shall refuse, neglect or fail to ma'�e the payments nerAin
<br /> provided far, or si��ll neglec'G to �ay the t�xes before t}ie same become delina,uent or f��il
<br /> to x��y tne premiums on the insur�nce �bove providPd for, t'_�eri Buyers shall forfeit �ny and
<br /> all rights in and to thP s��,id r��l estate acquirec? undAr ancl by virtue of this a�reement,
<br /> �nd shall henceforth be deeTned mere tena�nts at ��rill unto tne said Sellers a.nd be liable to
<br /> be z�rocePded agai�ist under the provisions of any Act regulatin�� ��roceedings in cases of
<br /> forcible entry and det�.iner, and t��e acts amenclin�; sa.zne, and, in such event, any paymPnts
<br /> that sh�ll h�?vQ �een mac?P unc7er this contract shall be forfeited to the Sellel�s, as sti�u-
<br /> lated c�arn�ges for the nonpPrformance o� tnis contract.
<br /> Buye:r�s sha11 be entitled to ti�e ��ossession of saic� nremiGes so long as tl�e c�nditions
<br /> of t'rlis agreement si�all rPm�in �anbroken by tnem; bu� upon failure to comply �.�ai�h the samP,
<br /> s�id ric;ht of �ossession shall terrninate and said Selle .rs sha.11 be entitled to the immediate
<br /> possession of s�.id la.nd anc�. irnx�rove?�ents thereon.
<br /> No �ssigriment of thi� contr��.ct shall be valid without the consent of the Sel.lers endorsed
<br /> therPOn.
<br /> The �ar*ies to thi� agreernPnt respectfully bi.�d their heirs, executors and assi;ns to
<br /> tn? f��.ithful z�erform��nce of the terms of this agreement.
<br /> IPJ ?�IITNrSS t�'H:�RJOF, the saic� ��ar. ties h�.ve hereunto set their ha.nds t�-1P da_y and yea.r
<br /> first abcvp T.�mitten.
<br /> Better Builders Inc. by
<br /> Witnes s : Jn�.;R.PdcCarvill P, Mgr.
<br /> J. I. Goodman
<br /> Opa.l E. Goodman
<br /> F�lec� far record this 17 day a.f �ecember, 19�+�, at 11: 30 0 ' clock A.M. �?r�;c�-�-ul �
<br /> �l"
<br /> Register of De .ds
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