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pay to the Vendor the total sum of Fourteen Thousand Dollars <br />($14,000900), together with interest thereon, as hereinbefore <br />provided, and will pay all taxes and assessments that may accrue <br />or be levied upon such real property subsequent to the taxes <br />for the year 1955, and that they will keep the buildings located <br />on such real property insured against loss, and that they will <br />carry fire and extended coverage insurance for at least the sum <br />of Three Thousand Dollars ($3,000.00), loss, if any, to be pay- <br />able to the parties hereto as their interest may be at the time <br />of such loss. <br />The Purchasers further agree that they will not commit, <br />permit, or suffer any waste to the property and that they shall <br />keep and maintain the same in good condition and repair. That <br />they shall not and will not permit any claims or liens to be <br />levied against such property or any lien to be attached thereto <br />by reason of any repairs or improvements made thereon. <br />It is understood and agreed that all payments on this con- <br />tract, except the payment made at the time of the signing thereof, <br />shall be made to the Vendor through the escrow agent, the First <br />National Bank of Grand Island, Nebraska, and that such payment <br />shall be endorsed upon the contract by such escrow agent. The <br />Vendor agrees that the escrow agent may deduct from each payment <br />made to it the amount of its fees and expenses in connection with <br />this matter and that it may deduct from the final payment made <br />hereunder, in addition to such expenses, the cost of extending <br />the-abstract of title and furnishing federal documentary stamps <br />for such deed. <br />It is further understood and agreed by and between the parties <br />hereto that if the Purchasers fail, refuse or neglect to pay any <br />of the payments or interest herein provided for a period of thirty <br />days, time being of the essence of this contract, or fail or neglect <br />to pay any taxes or assessments before the same become delinquent, <br />or fail to keep the buildings and improvements on such property in- <br />sured as above provided, or fail or neglect to keep and perform any <br />-3.. <br />