|
���
<br /> �� ������ i� ���� ��� ��� �
<br /> 21917—The Augustlne Co., County Bupplies, Grand Island, Nebr.
<br /> Op`I''lON TO PURCHASE Case No. 32-40-1�+�227
<br /> UNITED STATES DEPARTM�NT OF AGRICULTURE
<br /> FARM SECURITY ADI�IIi�ISTHATION �
<br /> OPTION FOR �'lir�CH1�SE OF FARM ��'ITH FliND5 LOANED BY THE UNIlED
<br /> STATES OF AMERICA (LUT�IP SUM)
<br /> (VE1u�OR TO �'TJ?�NISH TITLE Ii'1S?JRA:�CE)
<br /> 1. In considera.tion of the sum of One Dolla.r � �l) in hand pa.id and• other valuable
<br /> consi�era.tions, the receipt a.nd sufficiency of wn.ich are hereby acknowledged, the under-
<br /> signed �herein�fter called the �� Seller�� ) , �.aho coven��.nts tlzat he is the owner therPof, hereb,y,
<br /> for himself and his neirs, �xecutor�;, administrators, successors, and assigns, ofPers a.nd
<br /> agrees to sell and convey to Frederic S.Pember and Sylvia pember, husbancl and wife as ,joint
<br /> tenants ?�rith right of survivorship and not as tenants in common, or sueh other person as may
<br /> be desi�nated in hi� st�ad by t'r.e Reg�onal �irector o�' the Farm Security Administ.ration of
<br /> the United States Department of Agriculture for the region in which the land herein�,fter
<br /> described is Tocated (hereinafter callPd the "�uyer�� ) , and hereby grants to the said Buyer
<br /> the exclusive an� irrevoca.ble option and right to purch�.se, under the condition� herein-
<br /> after ��rovic?ed, tne following-described 1�.nds, located in the county of Ha11, State of
<br /> Nebraska.: �;
<br /> (Here insert full and complete lega.l description)
<br /> The South �ne-half of tne SouthTaest Q,uarter � �S'�14) of �ection Thirty (30) , Township
<br /> Eleven ��:1) , iJorth,Ran�;e Eleven �l_l) , west of the 6th P.M. , Containing. �0 acres more or
<br /> less according to GovPrnrnent s�zrvey.
<br /> inc�uding all improvements an d together with all rights, easements, and appurtenanees
<br /> thereunto belonging, and to�ether ��rith all water rights and tiaater stock appertaining
<br /> thereto, described as follows:
<br /> The title to said land is to be conveyed free and clear except for the following reser-
<br /> vations, exceptions, and lea.sPS, and no others:
<br /> (Her. e insert a full statement of all reservations, excPptions, and leases, including, in tne
<br /> ca:�e of le�ses, tne d�.te of the termination of tne lease)
<br /> Lea�e of 3�1�19�� to 3/1/Zg�+S to be �ssigned to purchaser �
<br /> 2. This option is given to enable the Buyer to obtain a loan from the United States
<br /> a.ctin� by and throu�;h the Secret�.ry of Agriculture �hereinafter called the "Gcvernment" )
<br /> pursuant to Title 1 of the $ankh ead-Jones Farm Tenant Act, for the purchase of saic� lar�ds.
<br /> 3. The purcha.se price for said lands as a whole is ��000.00; s�id amount bein� in
<br /> additicn to the �l above mentioned.
<br /> 4. The Se11e.r agrees to deliver, without charge to tne Buyer, a policy of mortgagee
<br /> title in�ur�nce in favor of the Government isGued by such campany as the Government sha11
<br /> apnrove, in the a.mount of the vurcnase price of said property, and to comply 1aith all thP
<br /> reauirements of such company, includin� the furnishir,� of an abstr�.ct of title and continu-
<br /> ation thereof �h�here rec�uired. The Seller further agrees that excet�t as herein provided all
<br /> ta.xes, liens, encumbr�ncPs, or other interests in third persons, will be satisf�ed or dis-
<br /> charged. by him, including stamp taxes , a.nd other expenses incidental to the preparation
<br /> a.n d execution of the deed and. otner evidences of title reouired by the Government. Upon
<br /> f�i.lure of the Seller to furnish such policy of insurance within a reasonab_le time, the
<br /> Buyer may �rocure such insurance, in ��uhich event the cost thereof shall be dec�ucted from
<br /> the nurchase ?�rice herein provided. '
<br /> 5. The seller also a�rees to secure for the Buyer, from tne records of the County
<br /> Agricultural Congervation Association, a.eri�1 surveys of the f�rm �,!hen available, all
<br /> obtainable information rPl�.ting to allotments and production history, and any other in-
<br /> forma.tion needed in connection wwith the consideration of the proposed purchase of the
<br /> farm.
<br /> 5. mhe Beller further agrees to convey said lands to tne Buyer by general Taarranty
<br /> dPed � except where the lattir provides otherwise for conveyances by trustees, officers of
<br /> courts, ete. ) in the form, manner, and at tne tir�e requir•ed by the Government, conveying
<br /> to tne Buyer a v�.lid, unencumbered, indefeasible fee simple title to sa.id lands meeting
<br /> all reauir�ments of the Government; that tne purcnase �rice sha.11 be paid at tne time
<br /> of recording s�_?ch deed; i,ha.t gaid lands, including improveMents, eha11 be delivered in tne
<br /> same condition as triey now are, custom�ry use a.nd wear excepte�.
<br /> Q�ere insert any different tax �.greement)
<br /> 7. It is agreed that in event the option is exercised tne buyer i5 to receive all of
<br /> the 194�� rent a��d. to nay tne 19��- taxes.
<br /> £�. Tne Buyer will not assume or nay any sriare of prep�id insurance premiums.
<br /> 9. 1'his o��tion ma.y b? exercised by the �uyer b;T mailing �r telegraphing �, notice of
<br /> acce��tance of the of�'er herein to iKillard F.Wicke��sham at ----, . in the city of Wood River,
<br /> State of Nebraska, at a_ny time �:ahile the offer herein snall remain in force. Tne offer
<br /> herPin snall be irrevocable for a period of 2� months from the date hereof, and sha_11 re-
<br /> main in force thereafter until tern;inated by tnP Seller. such termination may be effected
<br /> by the Seller at" any time after the expiration of such period b,y giving of ten (10) days '
<br /> written notice to tne Buyer of such termination.
<br /> 10. Loss or dama.ge to tr.e pro�erty by �'ire or from other act of God, sh�.11 be a.t the
<br /> risk of th� 5eller until the deed to the Buyer has been recorded, and in the event that ��
<br /> such losa or dama.ge occurs, the Buyer may, T�aithout lia.bility, refuee to a.ccept eonveyance
<br /> of ±itl.e, or elect to accept conveyance of ti��le, in which case therP ahall be an equitable •
<br /> a��u�_stment of tn.e Y�ur. enase 7�rice.
<br /> � (Here insert conditions neculiar to r�rticular transactian)
<br /> 11. Pursuant to �ection 300. 2a of Subchapter A in Title 6, Chapter 3 of' the Code oP
<br /> Federal Regulaticns, the �urchase price hPrein stated represents the entire consideration
<br /> for the sale of thP farm. Any side agrePment bettaeen the Seller and the Buyer _for the
<br /> payment of a, greater or lesser sum shall be void and unenforceable. Any amount in a.ddition
<br /> to the Y�urcnase priCP. herPin set forth which is paid by the Buyer to the Seller snall be
<br /> returned to the Buyer by the Seller.
<br />
|