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<br /> �� 5���11.s���� �.J � ��� �JL�� �J
<br /> 21917—The Augustine Co., County Suppliea, Grand Island, Nebr. �� '
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<br /> INSTALLMENT CONTRACT PROPERTY MANAGEMENT
<br /> _ �U..,:�1eb-A-66� . .
<br /> TI�IS A(�REEMENT, made and entered into this 21st day of March, 19�-0, by and bet?aeen
<br /> HOI�iE 0`�PVER�� LOAN CORPORATION, a corporate instrumentality of the United States of Ame:nica,
<br /> organized and existing under and by virtue of an Act of the Congress of the United States
<br /> of America, known as the xome Owners � Loan Act o� 1933, as amended, and having ita principal
<br /> office and place of business in the City of Tniashington, Distriet of Columbia, herein desig-
<br /> nated as 3�ller, and B.�3.Hurt and Mabel Hurt, husband and wife, herein designated as Buyer,
<br /> WITNESSETH That:
<br /> l. Seller, for and in consideration oP the price hereinafter specified and the conve-
<br /> nants, promises and agreements on the part of Huyer herein contained and made, agrees here-
<br /> by to sell and convey to Buyer, s�ab,ject to and upon each �nd all of the terms, conditions
<br /> and provisions of this Agreement, and Buyer in consideration of the premises agrees hereby
<br /> to buy, the real property situate in the City of Grand Island, County of Hall, State of
<br /> Nebraska, hereina.fter referred to as the propert , described as followa:
<br /> A parcel of land being a part of Lot Seven (7�, of Norwood' s subdivision to the City
<br /> of Grand Island, Nebraska, described as follows; Commencin at a point 3 j Peet East,
<br /> and 140 feet North of the Southwest corner of Lot Seven �7� o.f said subol�.vision to an
<br /> iron ,pin, thence North 140. 5 feet parallel to the center line of tne 9t.Pau1 Road to
<br /> an iron pin, being 33 f eet East of the Northwest corner of Lot Seven (7� of sai.d Sub-
<br /> division thence East at right angles 237 feet to an iron pin, thence South at right
<br /> angles 1�+0. 5 fee'G to an iron nin, thence ?�est 237 feet to the place of beginning, all
<br /> in Hall County, Nebraska.
<br /> 2. The total price at and for which seller agrees to sell and convey and Bu er agrees
<br /> to buy �t:�e property is the sum of Nine Hundred Sixty-five and No�100 Dollars (�965.�0) ,
<br /> with interest as hereinafter stipulated, �nd Buyer agrees hereby to pay the said price, in
<br /> lawful money of the United States of America, to seller, or order, at �eller�� Regional
<br /> - Office in Omaha, Nebraska, or at such other place or places as 3eller may from time to time
<br /> designate at the times, in the amounta and in the manner Pollo�aing:
<br /> (a) The sum of Ninety-six and 50�100 Dollars, (�96.50) paid prior to and upon the
<br /> execution and delivery of this agreement, receipt t�hereof is hereby acknowledged by Seller; ,
<br /> and
<br /> (b) The principal sum of Eight Hundred Sixty-eight and 0�100 Dollars (�E�6�. 50) with
<br /> interest thereon at the rate of f our & one-half per cent ����) per a nnum from the 21st day
<br /> of Ma.r�ch, 19�0, until paid, shall be paid as Pollows: �'
<br /> �6. 65 monthly Prom date, beginning on the 21st day of April, 19�0. �
<br /> Except, as is hereinafter otherwise provided, each p�yment made hereunder shall be credited �
<br /> first on interest then due and the remainder on principal. Additional payments of princi-
<br /> pal in �n3� amounts may be made at any time a.nd shall be credited on such portions of said �
<br /> principal sum �a Seller shall elect. 2nterest shall not be charged upon principa.l paid �
<br /> and credited hereunder.
<br /> 3. Buyer agrees to pay, at the times and in the manner in th�s paragraph specified, ,
<br /> all taxes and assessments levied against said premises including State, County and City
<br /> �caxes for the year 1940 and subsequent taxes and all installments of special assessments
<br /> becoming delinquent ��ter February 6, 19�0, and subsequent assessments, together with
<br /> premiums and cost of any fire or other .� ir�surance on said property whic�` seller may from �
<br /> time to time require, and buyer agrees that any failure so to do snall constitute a. de- ' !
<br /> fault under this agreement, upon the ha�pening of wh�ch seller may immediately and at its '
<br /> option exercise any or all of its rights and pursue any or �,11 of its remediea herein
<br /> provided or arising by operation of law. Buyer shall provide for the payment of said
<br /> taxes, assessments, insurance premiums and other charges by paying to seller during the �
<br /> te.rm oP this �.greernent, in addition to all o�her _payments to be m�de by Buyer hereunder �
<br /> and at the several times at t�rhich Buyer is obligated to make installment payments of �
<br /> princinal and/or interest hereun�er, �dditional installment payments at the rate o� at
<br /> least one-twelfth (1�12) per month of the aggregate of such annual taxes, assessments,
<br /> insurance premiums and other charges, as such aggregate is from time to time estimated �
<br /> by Seller. Seller may commingle with its general f unds any moneys received bg it <pursu- �
<br /> ant to the provisions of th3.s _paragraph and shall not be liable for the payment of any
<br /> interest thereon, nor shall 3eller incur any liability to Buyer on account of suc,h moneys,
<br /> except to account for funds received and funds disbursed under the terms hereof. From
<br /> and out of moneys received by Seller pursuant to the provisions of this paragra�h, and/or
<br /> f'rom and out of any other moneys received by Seller from Buyer or for Buyer' s account,
<br /> �eller may at any time pay the whole or any part of any of suct� taxea, assessments, in-
<br /> surance pr�miums and charges, together taith any penalties, interest and charges thereon,
<br /> or may reta�n any of such moneys for payment of said items, or �eller may at i�s sole
<br /> option apply at any time any or all of such moneys to the payment of any indebtedness
<br /> owing to i�C from Buyer which is due or past due. fif the moneys paid by Buyer to �eller
<br /> pursuant to the prov�sions of this paragraph are insufficient in amount to pay and dis-
<br /> charge such taxes, assessments, insurance premiuma and other charges, together with any
<br /> penalties, interest or other charges thereon, tahen the s�ne become due, payable, past
<br /> due or delinquent, �.nd if Buyer fails to pay to Seller, without demand, the a.mount of sueh
<br /> dePiciency, then Seller at its sole option may at any time pay the �,rhole or any part of any
<br /> of such taxes, assescments, insurance premiums, charges, penalties or interest from its
<br /> own funds, and any such payment bv seller from its own funds, shall be an additional obli-
<br /> gation, owing from Buyer to Seller hereunder and all such suma of money so advanced by
<br /> Seller, together ?�Tith interest thereon at the rate of' � per cent per annum from the several
<br /> . dates of expenditure thereof unt�1 repaid, shall be repaid by Buyer to seller immediately
<br /> and witho�zt demand at Seller ' s Regional �ffice in Omaha, Nebraska, or at such other place
<br /> or places as Seller may f rom time to ti.me designa.te, unless Seller shall permit such sums
<br /> of money to be otherwise repaic�. All payments of such taxes, assessments, insura.nce premiums
<br /> or other charges:m�:cle b;� seller hereunder shall be in such amounts as are ahown by its own
<br /> records, or by bills therefor issued by proper authority, to be due, payable, past due or
<br /> delinquent on account thereof or on the basis of any other information received by Seller.
<br /> Buyer shall promptly obtain, ap�rove and deliver to Seller, upon Seller's demanda, all bills
<br /> for such taxes, assessments, insur�.nce premiums and charges. Upon full payment of all in-
<br /> debtedness under this agreement, Seller shall refund to Buyer, without interest, all un-
<br /> expended and unapplied moneys then in its possession which where therefore received by
<br /> �eller pursuant to the provisions of this paragra�h, b�zt none of said moneys received by
<br /> Seller hPreunder may be wi,thdrawn so long as any indebtedness under this agreement remains
<br /> unpaid.
<br /> 4. Buyer hereby assigns, transPers and sets over to S�ller, up to the amount of the
<br /> total indebtedness of Buyer to Seller hereunder, all of' �is right, title and interest in or
<br /> to all awards of damages in conneetion taith the condemnation of any of the property for
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