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TITLE OF CONTRACT <br /> THIS AGREEMENT is entered into between Wise Stewart of Chapman, <br /> Nebraska, herein after known as the LENDER, and Joe H. Struebing and <br /> Shirley Struebing, husband and wife, of Grand Island, Nebraska, herein- <br /> after known as the BORROWER. <br /> my <br /> In consideration of §1,175.00 loaned to the BORROWER by the LENDER <br /> cy <br /> for which a Promissory Note was given upon which note has been paid the <br /> sum of 0400.00 by the BORROWERS leaving a balance owing the LENDER the <br /> sum of 9jj,�m which is still due and owing with interest at 8%. In the <br /> further consideration that the LENDER refrains from demanding legal <br /> action to collect said Promissory Note, the BORROWERS promise to pay <br /> the sum of 015.00 per month until the principle and all interest is <br /> paid, first payment to be made September l4nd the first of each month <br /> thereafter until the entire obligation, plus interest, is paid. <br /> It is further understood that the LENDER is buying from the BORROWERS <br /> - Lot 7, Block 15, Boggs and Hills addition to the City of Grand Island, <br /> Hall County, Nebraska from the BORROWERS for the sum of 0150.00. That <br /> a Warranty Deed for the same has been executed and delivered this day <br /> with the provision that if the LENDER sells said lot for a greater price <br /> thah the amount paid, and after deducting expenses, the LENDER will <br /> apply the excess profit on Promissory Note mentioned above. <br /> It is further agreed that the BORROWERS will execute a second mortgage <br /> on the house, to the LENDER as further security, that the said BORROWERS <br /> are buying, under contract, in Southeast Grand Island at this time . That <br /> said BORROWERS will execute said mortgage as soon as the title of Contract <br /> has been conveyed to them. <br /> It i.s further agreed that any expenses arising out of these <br /> transactions will be e�d fr' ir e.,3 by the said BORROWERS. <br /> This Contract is binding on all parties heirs, executors, and <br /> assigns. <br /> IN WITNESS WHEREOF we have set our hands this is day of August, 1952. <br /> 1> <br /> Wise Stewart <br /> Joe H. Struebing <br /> Shirley Struebing <br /> ,✓cart-�' �< � <br /> Witness <br /> _ � ° <br />