|
s 3,, a'^ _ ,, . —t, � f 1,,... ier, b ,. ,* tub to i:`h ?i;,.wer LMd also ttave
<br />rta' e.t- ';7d....i,E�F+..�< ..,,�""e ft.'...,...a,d �;a;}.. .i�.`or the s'o:�t of
<br />extenwina-Gion o1" them.
<br />'lie velxdors sell, and the purchasers agree to buy
<br />Lot Eight (S), in Block Eleven (11), Packer & Ba.rr's Addition to the City of
<br />Grand island,Hall County; Nebraska;.
<br />in Hall County and the State of Nebraska, together with all appurtenances thereunto belonging and now thereon except
<br />and subject to any building restrictions or easements of record against such real property on the date of this agreement.
<br />The purchasers agree to pay for such real property the aggregate sum oL Three Thousand and nollOO
<br />- - - - - - - - - - — - - .. _ _ ADollars ($ gnm-00
<br />payable as follows: $ 100.00 receipt of which is hereby acknowledged; $ 5 —M on or be fore Deco 11
<br />1954 and, the balance of $ 2lt00 • 00 with interest at the rate of 8 per cent
<br />per annum, to be paid at the office of B. F. Douthit in the First National Bank Building in Grand Island, Ne-
<br />braska, or at such other place as the vendors may hereafter designate in writing, in monthly installments of Forty and
<br />i
<br />no/ ist – – – –Mllars ($ x+0.00 ) commencing January 1. 1955 and on the 1st
<br />day of each month thereafter until such balance of purchase price and the interest thereon shall be paid in full.
<br />Said monthly payments hereunto referred to shall first be applied to accrued interest due
<br />and the balance of each payment shall be credited upon the principal remaining unnaald.
<br />Option is given to purchaser to pay all or any part of this indebtednesq,,At any tinne..
<br />Vend&rs agree to pay a prorata portion of the 1954 real estate tax to December 1, 1954,
<br />using the amount of the 1953 tax as a basis of calculation, this amount of money to be
<br />placed in escrow with d. F.Douthit until January 1, 1955 at which ti.te purchasers will
<br />pay the balance of the 1954 tax and the total sum paid to the Hall County treasurer.
<br />The purchasers shall have the privilege, on any installment payment date hereunder, of paying the unpaid balance of such
<br />purchase price and interest thereon to the date of such payment, and advances, if any, made by vendors for taxes or insur-
<br />ance with interest thereon to date of such payment.
<br />It is expressly stipulated and agreed that the vendors will submit herewith to the purchasers an abstract of title certi-
<br />fied to date and that the purchaser shall inform the vendors within it
<br />d8ys from the date of this contract as to the opinion -
<br />of the attorney for the purchasers regarding the merchantability of the title of the vendors to such real property as shown
<br />by such abstract of title.
<br />Vendors agree upon payment of the full purchase price, interest, and advances, if any, for taxes or insurance, that the
<br />vendors will again have such abstract of title certified to that date to show merchantable title to such real property in the
<br />vendors free of any encumbrances and liens incurred by vendors but subject to building restrictions and easements; of record
<br />on the date that this contract is entered into and further subject to all encumbrances and liens inctrred by or permitted
<br />thereon by purchasers.
<br />The vendors further agree upon the execution of this agreement by the parties hereto to place IN ESCROW with such
<br />B. F. Douthit, together with a copy of this contract, a warranty deed conveying such real property to purchasers, free and
<br />clear of encumbrances except the 19-53-- and subsequent real property taxes and any building restrictions and easements
<br />of record to date of this agreement and further subject to any encumbrances and liens incurred by or permitted thereon by
<br />purchasers, and the vendors herein hereby authorize such escrow agent to deliver such warranty deed to the purchasers up-
<br />on payment by the purchasers in full of the purchase price, interest, and advances, if any, by vendors for taxes or insurance,
<br />with interest.
<br />The vendors agree to pay for the required Federal documentary stamps when the deed is delivered and authorize the
<br />escrow agent to pay for such documentary stamps out of any monies of vendors in his hands.
<br />IT IS FURTHER AGREED that purchasers shall be given possession of such real property on_._ Danembpr I I qi°i'
<br />provided, however, payment of the total Sinn of $__ Six Hundred and no/100 Vollars._ as herein provided for has
<br />been made by the purchasers.
<br />
|