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AGREEMENT FOR SALE OF REAL PROPERTY
<br />This agreement is entered into between Ralph Henry Bady and Frieda Bady
<br />of Grnnd IsInnci, Nebraska , each in his and her own right and as spouse of the other and as the VENDORS,
<br />and, Vigil L Ballard piafl Grace h Ballard as PURCHASERS
<br />The vendors sell, and the purchasers agree to buy all that part of Lot Seven (7) in Norwood. Subdivisi
<br />an Addition to the City of Grend Island in hall County, Nebraska, as now platted, more
<br />paeticularly described as follows: Commencing at the northeast corner of said Lot 7 in
<br />Norwood Subdivision, running thence west along and upon the north line of said Lot 7 a
<br />distance of 151.05 feet, running thence south a distance cf 280.35 feet to the south
<br />boundary lane of said Lot 7, running thence east along and upon the south boundary line
<br />of said Lot 7 a distance of 152.7 feet to the east boundary- line of said Lot 7, running
<br />thence north along and upon the east boundary line of said Lot 7 to the plant of beginni
<br />in Hall County and the State of Nebraska, together with all appurtenances thereuntq` 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 of Thirty -two Hundred and no/100 -
<br />---- - - - - -- - - - - -- -- -
<br />-- - - - - -- Dollars($ 3200.00 )
<br />payable as follows: $ L00-00 00 , receipt of which is hereby acknowledged; $ on or before
<br />and, the balance of $ 2800 00 with interest at the rate of s! x per cent
<br />( 6' %) 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
<br />and no/100 - - - Dollars ($ h0.00._-) commencing Febr>>ary 15., 1957 , and on the 5th
<br />day of each month thereafter until such balance of purchase price and the interest thereon shall be paid in full, and all
<br />advances. Said moni,hly payment of 640.00 shallinclude interest, principal, taxes and fire
<br />and extended coverage insurance in the amount of $2800.00. Purchasers further agree to pay
<br />$60.00 on July 15, 1957 in addition to the regular $40.00 monthly payment.
<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 ten days 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 Mull 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 incurred "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 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 January 15, 1957
<br />provided, however, payment of the total sum of $ �� .00 as herein provided for has
<br />been made by the purchasers.
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