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C O N T R A C T• <br /> This agreement made this - day of July, 1955, between Catherine <br /> Whetstone, hereinafter referred to as first party and Neil E. Whetstone and <br /> Evelyn M. Whetstone, husband and wife, hereinafter referred to as second <br /> parties as follows: <br /> First party agrees to sell to second parties the following described <br /> real property: <br /> Northerly Sixty-(60) feet of Lot Six (6), In Block <br /> Twenty-Seven (27), in Charles Wasmer's Addition <br /> To The City ofGrand Island, Nebraska, <br /> under the following terms and conditions: <br /> (1) The purchase price shall be $8500. 00, of which $2000. 00 is paid <br /> upon the signing of this agreement, receipt whereof is acknowledged by first <br /> party; balance of the purchase price shall be paid at the rate of $75. 00 per <br /> month, beginning April 1, 1955, such payments to be made on the first of each <br /> month until the full amount is paid along with interest at 5 per cent semi- <br /> annually. <br /> (2) The second parties shall pay the taxes that become due May 1, 1956, <br /> and shall pay all other taxes on the premises, both general and special, as they <br /> become due. The first party will pay all taxes to and including the year 1954, <br /> and is allowing credit to second parties of one-quarter (4) of the taxes for <br /> the year 1955, the computation of such taxes to be made on the 1954 tax. <br /> (3) The second parties agree to maintain the premises in as good con- <br /> dition as they are now during the term of this contract; to maintain a policy of <br /> insurance against fire, hail, and wind storm in the amount of $6500. 00, with <br /> loss payable to the parties to this contract as their interests may appear; the <br /> first party to have possession of the original policy of insurance should she <br /> so desire. <br /> (4) The first party shall submit to second parties within a reasonable <br /> time hereafter, an abstract of title showing merchantable title in the first <br /> party, the first party, however, to have possession of the abstract during the <br /> term of this contract. First party also agrees to execute a warranty deed and <br /> place the same in a position where it may be delivered to second parties upon <br /> the payment of the purchase price set out herein. It is agreed between the <br />