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<br /> I�IISCELL�ANEOUS RECORD W
<br /> 39283�THEAUGUSTINECO.GRANDISIAND.NEBR. -
<br /> co�TRacT ���n ,AGREF,*�11'?�T �
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<br /> THIS :1C.RF.E?rfE:�'T made an� er.tered into this lst day af ?�Tovember, 1951, by and between Caroline E.
<br /> Pedersen, a wido�=, of Long I3ea.ch, Califorria, and Ll,�ella Sea.rson of Lurg Peach, California, hereinafter desi�na d
<br /> as Sellet•s, a.rzd Lak�rence Gain and Isabelle Iti'alters, of Grand Island, Hall County, �'ehraska, hereinafter �
<br /> designated as Ruyers;
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<br /> WI'T�FSST;TH; � •
<br /> 1. That the 5�1.7.ers, for and i.n consideration �f the px•i.ce hereinafter specified an3 the covenants, �
<br /> promises and agree�rents or the part ef the 13uyers hPrein contaired and mad�, agre? hereby to sell a.nd convey �
<br /> to the Puyers, su�ject to and upon each and alI of the� terms, cor.dita_ons and provisions of this agreement, ,
<br /> and the I�uyer�s, in consi�eratior. of the premises agree to buy the real estate situated ir. Grand Island, Hall �4
<br /> Coun.ty, Nebraska, hereinafter referre�3 to as the property ar.d more s�ecifically described as follows: T r
<br /> T C;� �
<br /> Tot Five (5), �ilock Tt,renty—One (21), of the Origina,l To��m now� City of Grand Island, nebra.ska �
<br /> together with all permanen.t fixtures. � .
<br /> 2. The total gri.ce at and for which the Sellers agree te sell and convey and the Buyers agree to buy
<br /> the property, is the sum of Seven Thousai�d Dollars (a�,0�0.Q0) with interest as hereinafter stipulated,
<br /> payable as foll rn�s: One Thousand. Dollars (�1,000.00) cash, receipt whereof is hereby acknowledged, and the � k•
<br /> remaining Si�c Thousan3 Dollars (�6,0O�.00�) to be paid at the rate of $60.00 per month, the first payment to � � ej��
<br /> be made or. December l, 1951 a.nd subsequent payments to be made on the first day of each and every month
<br /> thereafter up untzl Ivovember 1, 1956 at which time the entire principal balance is due and payable; in
<br /> addition thereto, said Buyers agree to pay the interest on the principal sum, which interest is to be
<br /> computed at the rate of 6°l per annum ard said payments, both principal and interest, are to be paid by said �g ,
<br /> Buyers to Flower�Evans Company; and imder the �60.OQ payments the intzrest on the balance due is first to be � Ca�9 `� •
<br /> c nm p ut ed a.nd t h? b a l a n c e o f e a c h pa y men t is to be app lze d on t he pr in c i pa l. ' � �
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<br /> F.xcept as is hereinafter otherwise provided, each payment m2d.e hereunder shall be credited first on � �
<br /> interest then due, and the remainder on principal. Additional payments of principal in any am ount may be �
<br /> made at any time by said Buyers to Flower—Evans Company, and it shall be credited on said pri.ncipal sum. � ��
<br /> Interest shall not be charged on princiFal paid and credited hereunder. r ,
<br /> 3. Sellers agree to pay the 1950 real estate taxes. Buyers agree to pay all State, Courty and City � '
<br /> taxes levied and assessed against said premises subsequent to the 1950 taxes and agree to pay all special �
<br /> City Assessments levied or which may become delinquent from date hereof, Buyers agree to deliver tax receipt �
<br /> showing payment of future taxes, both general and special, for the inspection of the Flower—Evans Company. �
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<br /> 4. �?uyers agree that they will piirchase a policy of insurance, insuring said premises against fire, W �
<br /> win3, tornado and hail in the amount of S ixty—five Nundred Dollars (�6500.00) which insurance policy shall
<br /> he made payab]e to tiuyers and Sellers as their interests may appear and which insurance policy shall likewise °`�
<br /> be deFosited with Flower—Evans Company.
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<br /> 5, Ruyers agree to accept the present tenants renting said premises and understand that if they desire ��
<br /> t-o evict sai.d presenr, tenants that this is theix resporsibility. .
<br /> 6. T�uyers shall not commi�t, perr!mi_t or suffer any kaste to the property and shall keep and maintain �
<br /> the same in geod coz�dition and repair, and sha11 promptl3� effect or ctiase to be effected at their ewn expense � '
<br /> such repairs or improvemenr.s to the property as Sel_lers may, from time to time, require; Sellers being hereby � ��
<br /> made the �ole �udge of the necessi.ty of repairs and impro��e�ments so required. F3uyers shall not permit any ��
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<br /> claims of li.en to re filed a,�ainst the property or an3r liers to be attached thereto by reason of any repairs �
<br /> ar improvements. \ �
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<br /> 7. Sellers agr�e to execute an3 acknokledge a warranty •:�eed for said premises to be delivered to W �
<br /> Flower—Evans Compa.ny, agenr. f or said Sellers, and upon full oaymen* by Puyers of the purchase price provided
<br /> herein, and on full perform�nce by Ruyers of each and all of I�uyers' oUligations hereunder, the said Flower—
<br /> Evans Cnmpany is t-hen ai.rthorized to del.ii-er to T�uyers said warra.nt�T deed, conve3-ing said real property to
<br /> said �uyei�s herei.nhefere na.med , fx•ee from all er,cumbrar:ces, except co��enants, canditions, restrictions,
<br /> reservatiors, easements, right of wa3- of r�card, and except liens, charges and encumbrances made, created or
<br /> suffered b3� iiuyers or to be paid, discharged ar assumed by ruyers hereunder.
<br /> 8. It is further agreed by ar_d bet��eer. Che parties hereto that if the i3uyers fail, refuse er neglect
<br /> to pay said purchase. price and interest there�n, for a perird of sixty (60) days, er fail or neglect to pay
<br /> any taxes or assessments refare the sar�e become delinquent, or fail to keep the build.ings on said premises
<br /> i.nsured, as a�ove presvided, or fail to keep anc' rerform any of the other. terms and. conditions of this agree—
<br /> ment on rhei.r part te be kept and performed., as herei.n ri°ovi�?��.? fc�., then the Sellers, at their option, may
<br /> at �nce an,i. wit-hout further n.�tice decla:e the whole ar.�ount of the pr�rchase pri.ce remaininb unpaid at once
<br /> due and collectible.
<br /> 9. It is fttrther understood and a.greed by and between the parties herete that i.f the Ruyers fail to
<br /> pag any of said munthly installments, or any part th�reof, f or a peric+�. of s�x:ty (60) days, or fail to keep
<br /> any of the other terms and condztions �f this agreement, or. their part to be kept and perf ormed, as herei.n
<br /> provided for, time being of the essence of this contra.ct, tren ar,d ir� such case, the Sellers, at their option,
<br /> may cancel this contract, and i.�ithout ii��tice, and in the event of the esercise of stich optior. by the Sel.lers,
<br /> ar�y payments made i.n a�cordance with this c�ntract shall be censidered as rent fer the use of sai.d premises
<br /> and sha11 be so applied by Sellers,
<br /> 10. The parties hereto respe�tively bznd themselves, their heirs, assigns, successors and legal
<br /> representata:ves to the faithful performance of the terms of this agreem�nt.
<br /> Thi.s contract shall net be a.ssigned by I�uyers unless the c onsent thereto of sai.d Sellers, in writing,
<br /> shall have first been obtained.
<br /> Ih' W7TI�ESS t�EiERF.OF the parties have hereunto set their har.ds an.� seals the day. and. year first above written.
<br /> I. I�. Pa�e Caroline F.. Pedersen
<br /> �ti'itness. Luella Searson
<br /> Sellers ;
<br /> Isabell Walters
<br /> Lawrence Cain
<br /> �: ness Buyers ,
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