|
I■.HUSTON CO. I
<br /> zatijszszsazarcocamax REALTORS GRAND ISLAND,NEBR.
<br /> Agreement—Sale of Real Estate 1 ii
<br /> THIS INDENTURE,Made this 16th day of August ,A.D., 19 55 , between 1 I
<br /> �. „, soy and .s gene 'cb! part _esif the first part,
<br /> .k_dre E. Wi
<br /> III
<br /> and Edmund J. t:e ,uovn and Patricia Mc Quown
<br /> I
<br /> part ieCof the second part,
<br /> WITNESSETH, That party of the first part agrees to sell to the party of the second part and party of the second part
<br /> agrees to buy the following described property,to-wit:
<br /> The Westerly Fifty(50) Feet of Lot Seven (7) , in Block Seven(7) , in Arnold
<br /> Place Addition in the City of Grand Island, Nebraska; known also as
<br /> 1108 West Division Street.
<br /> I
<br /> li
<br /> I
<br /> I
<br /> together with all appurtenances thereto belonging and now thereon, for which the party of the second part agrees to III
<br /> pay the sum of Twelve Thousand Five Hundred and 00/100 - - - Dollars, $12,500.00
<br /> payable as follows: Cash in hand One Thousand Five Hundred and 00/100 Dollars, $ 1,500.00
<br /> i
<br /> i receipt whereof is hereby acknowledged. Balance of S11,000.00 is to be payable as follows:
<br /> I
<br /> I '
<br /> -r
<br /> 1 $75.00 shall be aid on the 1st day of October, 195=x, a d shall be paid on the i'
<br /> let day of each subseouent month thereafter until such time as specified later I i
<br /> in this contract. Such monthly ayments shall include '�'$ interest at the rate iI '
<br /> j of 5 per a:,7 m to be deducted and shyV� the i
<br /> 1_ have t__e bal ^ce apply against the
<br /> 1 principal. Parties of the second part ara _ oreb.- extended the -privilege of 1
<br /> ,,
<br /> j paying extra -onyments in multiples of the regular -.n -payment th7_y yre__p t ^.t regular I I
<br /> payment dates. It is hereby; agreed that one-twelfth (1/12) of the :-early real 1
<br /> estate taxes shall be paid on the 1st day of each month long with the regular
<br /> I monthly '-)a;rnents.
<br /> It is hereby agreed that when the -principal -amount of indebtedness has been
<br /> I paid off to a 2a.... $ balance that is low enough to permit conventional financing
<br /> 1 the parties of the second part shall proceed kdaYarac and secure a conventional loan,
<br /> or other satisfactory loan, and with the proceeds thereof tl parties arties ff
<br /> I the first part in full; all expenses involved in securing the loan are to be 1
<br /> rE.id by the r,,arties of the second p rt. l
<br /> This contract is sub- ect to the securing of an eascnett for use of the :give- 1 II
<br /> way and. garage.
<br /> I
<br /> It is a part of this contract t, atasurvey be made by the City 7m-ineers. I
<br /> The party of the first part is to furnish to the party of the second part, or assigns, a warranty deed and a mer- I
<br /> chantable abstract of title, showing a good title of record to the premises herein described, abstract to be furnished I
<br /> I extended to date on or before ".."fen_ loan is made available ,pay all taxes and assessments
<br /> against said real estate up to all of 19541 and give possession October 1, 1955 1
<br /> 1 /
<br /> I parties of the second hart nay all tr nee and assessments 11 I
<br /> I thereafter. � i
<br /> 1
<br /> October 1, 1955 i ;I
<br /> Part -_e sif the first part agree to keep the insurnace now on property in force until t }Li��t; 1 .1•
<br /> liygtx* and agree not to assign said insurance. Prrties es of 2nd. -part pay for insurance 10/1/55 i
<br /> It is mutually agreed that time is an essential element in this contract and it is further agreed that in case I ,
<br /> I either of the parties hereto shall fail to perform the stipulations of this contract, or any part of the same, the failing I I.
<br /> party shall pay to the other party of this contract the sum of One Thousand w Five Dollars, $ 1,500.00 ! iI
<br /> red
<br /> as damages for non-fulfillment of contract.
<br /> III
<br /> ■ IN TESTIMONY WHEREOF, the parties aforesaid have subscribed their names the date aibove mentioned.
<br /> - 'I Witness: , _ 1st , .__..._ _, } .�.. ,.. _ t
<br /> -'
<br /> y `C / .,
<br /> -./z-- e_ e ( c , -c . (-' /t Al kx.t) B :, :A�, 1
<br /> �Ll , ).s.,,ce...c... 2nd ..Q _ V____
<br /> j � L<C C GCS Li_ere.Lr1
<br /> ,. _
<br />
|