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<br /> I�II�CELL�AN�OUS l�.�CORD V
<br /> 28058�TN[AU60lTINECO.GRIINDISLAND,NEBR. -
<br /> until said full balance of �2500.00 plus interest as above prov�.ded, has been fully paid.
<br /> Complete abstract of title to said premises showing good marketable title in first party as
<br /> of this d�te is to be furnished second parties on or before November, 1, 1947; if title
<br /> to said �remises is found not to be marketa.ble, first party shall ha.ve a reasonable tir::e in
<br /> which to cure the defects therein; possession oP said premises 3s given second partiea at the
<br /> ti�e oP making this contract a:nd all existing insurance on the improvements now situated on
<br /> said premisea, is`�,to be assigned to second parties and second parties expressly agree during the
<br /> life of t��is contract to maintain and pay for fire and extended coverage insurance in a sum at no
<br /> �ime �ess than �2500.00 with a loss payable clause to said insurance attached in favor of
<br /> first party; second pa.rties hereby expressly a.gree with first part�r to pay the 1947 and all
<br /> real estate taxes hereafter levied and assessed against said premises prior �o their becom�.ng
<br /> delinquent until all payments oP said uu�chase price and interest required under tnis contract,
<br /> have been Pully made.
<br /> It is expressly agreed between the parties hereto that second par�ies may at their option
<br /> on any installment payment date, pay as much a,dditional on tne principal balance of said
<br /> purchase ?�rice as they may wish, to first ��rty, interest to s'top running. on. such prepaid
<br /> prineipal from the date oP such pre-payment.
<br /> It is agreed that there are no encumbrances against said premises and that first party
<br /> has made, executed, acknowledged and at the time of making th3s contract, del3vered to
<br /> Herbert F. r•Zayer at Grand Island, Nebraska, a warranty deed conveying the premises herein-
<br /> befare described in accordance �uith this contract, whieh Tsarranty deed shall be delivered by
<br /> said Herbert F. T-2ayer to said grantees upon said grantees fulfilling a.11 the terms and pro -
<br /> v�sior�s c�f t�iis agreem�nt; that in the event of any default by said grantees of any of the
<br /> provisions of this contract required to be done or made by them upon first party so notifying '
<br /> I said escrow agent of such default, said escrow a.gent is hereby authorized to re-deliver to
<br /> first pa.rty said warranty deed.
<br /> Now if the s�.id parties of the second pa.rt shall pay the sums as above set forth, time being
<br /> the essence of this contract, �,nd shall pay a.11 taxes and assessments, whether special or
<br /> general, which may become due on said real estate for the year 1947 and thereafter until the
<br /> above �ayments are all �ade, and shall fulfill all other provisions of this contract as
<br /> hereinbefore set forth, then said escrow a�ent shall deliver to second �arties �,he survivor-
<br /> ship warranty deed hereinbefore deseribed conveying said premises in accorda,nc� with this
<br /> contract.
<br /> And it is further agreed that in case any payment, either of principal or interest re-
<br /> maining unpaid Por a space of thirty days after the same shall become due, then, in that
<br /> case, the whole amount unt�aid on t�lis contract shall become due and payable �cithout further
<br /> notice, and such delinquency in payment or failure in other respects by parties of the
<br /> second part to �f orn the stipulations of this contract or any part of them, shall ent��ke
<br /> party o� the first part to immediate �ossession of the premises described herein, and the
<br /> parties of tl�e secand ��art shall forfeit all pa.yments made under this con�ract.
<br /> In witness whereof the �arties have hereunto set their hands the day and year first above
<br /> writ�Gen. _.
<br /> Mattie Stromer
<br /> Witness: Caxoline 8. KoZal Party of the irst art
<br /> Donald T. Kerr
<br /> a era a err
<br />' Parties oP Secon Part
<br /> STATE OF NEBRASKA)gg
<br /> COUNTY OF HALL ) 4n this 13th day of October, 1947, before rne, a Notary Publle in and
<br /> for said County, personally came Mattie Stromer, a widow, Donald .T.
<br /> Kerr and LaVera l�ay Kerr, his wife, to me person�lly known to be the identfcal. persons whose
<br /> nam es are �.ffixed to the foregoing 3nst�ument, and severally aeknowledged the execution of
<br /> the same to be their volutzta.ry act and deed for the purposes therein expressed. In Witness whereof
<br /> I have hereunto �ubscribed my name and affixed my offieial seal at Grand Island, Nebraska,
<br /> on the day last above written.
<br /> Herbert F. Ma er
<br />�
<br /> (HEAL) o ary u c.
<br /> i M 1 0.
<br /> My commission exp res ay 7, 195
<br /> Filed f'or record th� 1�F day of October, 1947 at 9 v� elock A.M ���c���
<br /> ' Regis er o ee s. �/
<br /> � o-o-o-o-o-o-o-o-o-o-o-o -o-o-o-o-o-o-o- o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-a-o
<br /> RENTAL AGREEA4ENT
<br /> �' In consideration of a loan of �3600.00 made by the Occidental Building and Loan
<br /> � Associa.tion, I or we, the undera�.�gned, Lincoln K. Hodges and Lois L. Hodges, husband and wife,
<br /> � of the County of Adams, Nebraska, hereby grant and convey to said Assvciation full power and
<br /> � anthority to collect '�.the rentals Prom the premises herein�,fter described, or any pa.rt thereof,
<br /> in such manner as said Associatian and �ts authorized agents may deem best, and in default oP
<br /> ry the p�yment of said rent, or any part thereof, to proceed in the name of the owners of said
<br /> m premises, to recover said rent in such manner as said Asaociation may deem best; to commence
<br /> and prosecute actions to recover possession of said premises in the �ame of and at the ex-
<br /> pense of the owners thereof and to nrocure nei�r tenants and m�,ke leases in the name of said
<br /> owners. As �.dditional collateral security for the nayment of sa.id loan, with interest as
<br /> agreed in the note a_nd mortga$e given in connection taith said loan, the undersigned further
<br /> �t assign, transfer and set over to said Associat�on the net proceeds arising from the rentals
<br /> " J' from the follotJing described prernises situate in the County of Adams and State of Nebraska,
<br /> to-wit:
<br /> Lo� Four (4} � Block Twelve (12) , in Gilbert ' s Second Addition to Grand Island, as surveyed,
<br /> platted �,nd recorded,
<br /> Said Associ�tion may, in its discretion, use the rents so far as it deems necessary for the
<br /> burpose of m��king re�airs upon the premises and for the payment of insurance x�remiums, taxes
<br /> �- and assessments upon said premises, but said Association shall in no case be liable for the
<br /> fa.ilure to � ocure tenants, to collect rents, or to nrosecute actir�ns to recover possession
<br /> � of said premises.
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