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CONTRACT AND AGREEMENT <br />THIS AGREEMENT made and entered into this day of <br />December, 1956, by and between Albert M. Barnes, a single person, <br />hereinafter designated and referred to as "Vendor`, and Carl L. <br />Stevens and Nell G. Stevens, husband and wife, hereinafter de- <br />signated and referred to as "Purchasers ". <br />WITNESSETH; That the Vendor for and in consideration of the <br />price hereinafter specified and the covenants, promises and agree- <br />ments on the part of the Purchasers herein contained and made, agrees <br />to sell and convey to the Purchasers, subject to and upon each and <br />all of the terms, conditions and provisions of this agreement, and <br />the Purchasers in consideration of the promises of the Vendor herein <br />contained, agrees to purchase the following- described real estate, <br />to -Nit; <br />The South Half of the Southwest Quarter (SJSA) of Section <br />Seventeen (17), in Township Twelve (12), North, Range Ele- <br />ven (11), West of the Sixth (6th) Principal Meridian, Hall <br />County, Nebraska, <br />together with all appurtenances thereunto belonging and now thereon, <br />subject only to easements, if any, as of the date of this agreement, <br />and further subject to all encumbrances and liens incurred or per- <br />mitted on such property by the Purchasers, their heirs or assigns. <br />The Purchasers agree to pay to the Vendor and the Vendor agrees <br />to accept for said property the total sum of Fourteen Thousand Dol- <br />lars ($14,000.00), together with interest as hereinafter stipulated <br />and set out, such sum payable as follows: <br />Five Hundred Dollars ($500.00) cash in hand upon the <br />signing of this agreement, receipt of which sum is <br />hereby acknowledged, <br />Thirty -Five Hundred Dollars ($3,500.00) on or before <br />the 1st day of March, 1957, <br />The balance of Ten Thousand Dollars ($10 000.00) to be <br />payable, Two Thousand Dollars ($2,000.003 per year on <br />the 1st day of March in the years 1958, 19590 19600 1961 <br />and 1962, <br />such unpaid balance to drag interest at the rate of five <br />per cent (5%) per annum from and after March 1, 1957, <br />such interest to be paid annually in addition to each <br />annual payment. <br />The Vendor agrees that he will submit to the Purchasers for <br />examination an abstract of title covering the above- described real <br />