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<br />CONTfL4�CT
<br />f5 TF17S AGREEMENT, Made and etered in thisday
<br />of October, 1954, 'by and between'-FAY'H. DENMAN, single,
<br />party of the first; part, and ALFRED SUSEN, of Hdl1 County,
<br />Nebraska, party ,of the < second part, VITNESSETH:
<br />1. The party of the first part does hereby contract
<br />and agree to`sell to the party of the second part -the South -
<br />west, Quarter (Ski) of Section Thirty -five , (35), in Township
<br />Eleven (11),North' Range Eleven (1'l),� West of. the 6th P.M.,
<br />in Hall County, Nebraska, under the following terms and con-
<br />ditions, to-wit:
<br />2. The second party agrees to pa the party of the first
<br />part the sum of One Thousand. Dollars (.j`Z000.00) cash, in hand
<br />paid, upon' the signing of this contract, the receipt whereof
<br />is hereby acknowledged.., and the _sum of Two Thousand Dollars.
<br />0,.00) on or 'before March 1, 195'5, and thereafter, except
<br />as herein provided; the sum of Three - Thousand Dollars (,3000.00)
<br />on or before the Ist day of March, 1956,._and on or before the
<br />first day of March of each succeeding year until there shall
<br />have been �,Ppaid to the first party the sum of Sixty Thousand
<br />Dollars (f6o,000.00), and -on` or before the 1st day of .March,
<br />1975, the second party agrees to pay to the first party the
<br />further sum of Ten Thousand Dollars ($10,000.00).
<br />3. All payments are to be made at The First National
<br />Bank, Grand Island, Nebraska, and be 'endorsed upon thiscon -.
<br />tract.
<br />4. The first party surrenders the possession of said
<br />premises to the second party forthwith, the first party., how -
<br />ever,` retaining any rents for the crop year 1954. So long .as
<br />the second party shall not be in default under the terms of
<br />this .contract, he is to retain the possession of said premises
<br />and be entitled to the rents and profits therefrom.
<br />5., The parties hereto agree that of said sum of 03000.00,
<br />#2000.00 is for 'rent and ,x`1000.00 is for a payment upon the
<br />purchase price of the real estate.
<br />6. On - March` 1,; 1975, when said payment of #10,000.00 falls
<br />due, in the .event tha'second party is not in default of any of
<br />the terms and'con:ditions of this contract, then he shall have
<br />an option to pay said sum of ,#10 ;000.00 in'cash in ten (10)
<br />annual installments of One Thousand Dollars (91000_.00) each,
<br />with interest at the rate of five per cent(5,6 per annum,
<br />�. -
<br />�( 51.e:, semi - "0 ,n"°t.he unpaid balance.
<br />7., In the, event; the, first party= dies before five full
<br />pagmen.ts of Three Thousand' Dollars (900.0.00) . each, or a •total
<br />sum of Fifteen Thousand Dollars ( #15.000.00) shall have been
<br />paid in full, theh the second party shall wVthin six, (6� months
<br />thereafter pay .the. balance; remaining of said um of ,15,000.00,+
<br />in which event his obligation to' pay any, further sum shall
<br />cease, and determine and he` shall be entitled to his deed.
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