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AGREEMENT <br />This Agreement made and entered into this�25' day of July, 1956, by and between <br />W. Harry McCauley and Effie M. McCauley, each in his and her own right and as <br />spouse of the other, hereinafter referred to as first parties, and C. A. Kelly and <br />Marjorie K. Kelly, husband and wife and each in his and her own right and as spouse <br />of the other, hereinafter referred to as second parties. <br />1. The first parties previously hereto and some time in the year 1952 purchased <br />the following described real property: <br />All that part of the EZ of Sec. 14, Twp. 12, Rg. 12, <br />lying south of C. B. &Q. Railroad Company right -of -way <br />coOntaining 145 acres more or less, Hall County, Nebraska <br />The second parties hereto have up to this date advanced to first parties the sum of <br />$2500.00 for the retirement of certain obligations on the premises, and second parties <br />propose to advance additional sums to first parties for the purpose of retiring a <br />present obligation or mortgage now a lien against the premises. <br />2. The parties hereto desire to set out in writing their respective agreements <br />relative to the advancement of the funds by second parties of the application of <br />the same by first parties. <br />3. It is agreed between the parties that second parties propose to advance if <br />possible the sum of $100.00 per month for the retirement of the present loan on the <br />premises; that further advances along with prior advances will constitute an interest <br />in the above described real estate in the amounts advanced and that the interest in <br />such real estate accruing to second parties will be in the ratio that the amount <br />advanced bears to the original purchase price of $18, 000. 00; in other words the <br />second parties shall acquire such ownership in the real property above described as <br />the amounts advanced bear to the original cost of $18, 000. 00. The advances shall bear <br />no interest. <br />4. First parties and either of them agree to execute a deed to second parties or to <br />the survivor of them for the amounts advanced at any time second parties may demand <br />such deed. <br />