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20— PURCHASE AGREEMENT —Real Estate (Revised)
<br />The Huffman General 8npply House, Lincoln, Nebr.
<br />To Flower -Evans Company, Grand Island, Nebraska June 10 19 57
<br />Between William J. Pabian and Ruth A. Pabian !i
<br />d nyearFii� ed'herreeiy dgree o �'urchalsr tin'a Lee Bar s ' parties of the first part
<br />e property hereznalter des ?,%eztio 'wi #,of the second part
<br />Property is to include all buildings tiow there, all permanent fixt�zres, Tair I'
<br />ing, fences, plumbing, heating equipment, antenna pole. t1 �!
<br />ject to the purchasers having the abstract examined and
<br />p This llr.� delo is �' g
<br />a merchantable title subject to the contract as mentioned she sellers del'
<br />t ve riig
<br />deed is to be placed in escrow with the CommercialVatoalrBank ,randmIkgl'7A
<br />Nebraska by the sellers William J. Pabian and Ruth
<br />and Vir-,inia. Lee m A, Pabian to Ear
<br />t- 3Ar es, his contract is subject to a first mort ale Patavne
<br />Commercial Na 1ona1 lank and. the nav�rPnt.�;
<br />- received by hei
<br />(Continued from first paragraph)
<br />are to be paid to the -Bank on this mortgage. Present insurance
<br />Policy to be transferred without cnarge. This policy runs until
<br />September 8, 1960 in the amount of x,,4,;00.00. It is understood that the
<br />present contract is to have an assignment complete on the back of the
<br />contract to the purchasers to be signed by all pa.rti_es concerned and
<br />acknowledged.
<br />Part of the Northeast , �1 Legal
<br />Quarter i ^.r 4) o.f Section Two (2) in Town - shl.p B11�Taen
<br />(11), North, Range Ten (10) West of the 6th P.m., more particularly des-
<br />cribed as follows: com,,encina at a point 33 feet west of a point where
<br />the north right of way line of the C.B, & ,.R.Ca., intersects the east
<br />line of said Section 2, runninir thence north, parallel with tt:e east line
<br />of said section, for a distance of 315 fee-, running t hence west for a
<br />distance of 392.0 feet, running,. thence south. for a distance of 206 feet
<br />to a point on the north right of way line of the C,B, ;Q �.�,Ko Co., and
<br />running thence in a southeasterly direction, along and upon the northerly
<br />right of way line o.f said C.B. x R •_ R Co. to the place o f .
<br />,. beginning.
<br />• fee simple and will agree to furnish abstract of title doa-w to date of sale, and
<br />contract sale deed in escrow, until the property is paid in f4l
<br />The undersigned agree to pay for same,($6,243.00 ) Six Thousand Two Hundred and Forty 'I
<br />Three& No% 100 ------------------------------------------------------- Dollars
<br />,
<br />on the following terms, to -wit: Down payment 41,500.00. 4500.00 down today and 41,000,04
<br />balance due on the down payment to be paid on possession date of July 1, 1957',
<br />It is understood by both parties that there is a contract sale on this properlty
<br />between Dale Kahler and William J. Pabian dated the lst day of September, 195.
<br />The purchasers have paid on the balance which amountedto 45,500.00 as of
<br />September 1, 1955 and have reduced this balance to 44,73.00 as of July 1,1957,
<br />this being the balance trat the purchasers are assuming; and the balance that the
<br />fief _ers are tra_1c.ferrinr, Tt is understood and sa,-reed "hut the pa °I;T1ents are
<br />60.00 per month and the spu chasers E :rl _i'. Barnes and virgr,in,ia Lee Barnes agree
<br />to make the f:i.rst payment J-11'g 15, 1957, and each pay rient from then on on the
<br />15th of the month until the full is paid in :full, With- the option of
<br />paving any amount at any tirie on. the unpaid balance, the interest to be co ,,nputed
<br />j on the unpaid balance for each six -month period, Yee or t_ °r'tict baa_�x.ce of
<br />to ti J1, 3r 3 :
<br />�i .�.. ..7..� 1 .
<br />I
<br />All taxes for all prior years and including zq 56 , and any special assessments to become due or delinquent before
<br />this offer is accepted shall be paid by seller
<br />Current taxes shall be paid as follows: 1956 and all prior years taxes are to be paid by
<br />ii the seller, William J. Pabian,
<br />Said property to be delivered free and clear of all encumbrances, except as hereinobove otherwise stated. '
<br />If this proposition is accepted on or before the see above day of 19
<br />the undersigned agree to close said purchase in accordance herev¢ith and give, possession on or before,
<br />days after abstract of title has been furnished for examination. The undersigned agree to furnish the seller a written
<br />legal opinion sho -wing defects, if any, in the title to the above described property. Rents, if any, are to be adjusted on
<br />and as of the day of closing. Sub ject to a first mortgage at the Com,Wlerei.al National B'anl
<br />Title to said property to be taken in name or names, of: Earl Fe Barnes & Virginia Lee
<br />Barnes
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