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AGREEMENT FOR SALE OF REAL ESTATE
<br />THIS AGREEMENT made in triplicate this /,5- ,� day of November.
<br />1957, between Ira W. Hunsberger, executor and trustee of the estate of Effie M.
<br />Watson, deceased, hereinafter called the "Vendor, " and Dmald N. Watson and
<br />Eva M. Watson, husband and wife, hereinafter called the "Purchasers, " all of
<br />Grand Island, Hall County, Nebraska, WITNESSETH>
<br />I, lipon prompt and full performance of the terms of this agreement
<br />by the Purchasers, the Vendor hereby sells and agrees to convey by warranty
<br />deed to the Purchasers, as joint tenants and not as tenants in common, with
<br />right of survivorship, Lot 3, Block 45, original town now City of Grand Island,
<br />Nebraska.
<br />2. The Purchasers, in, consideration of the premises, covenant with
<br />the Vendor as follows'.
<br />(a ) To pay to the Vendor, as executor and trustee of the estate of
<br />raffle psi. °raison, deceased, the sum of $3, 582. 00, of which $500. 00
<br />has been paid, the receipt whereof the Vendor hereby acknowledges,
<br />and the remainder in monthly installments of $100. 00 per month,
<br />payable on the 1 st day of each month,until the whole of said princi-
<br />p al sure shall have been paid, the first of such payments to be made
<br />on December I, 1957, with interest at the rate of 4 per cent per
<br />annum or. the unpaid balance. The Purchasers shall have the option
<br />of paying an additional $100. 00 or any multiple thereof on the 1st
<br />da-y of auy month°
<br />;. -IQ pay ail taxes an:� assessments that may be levied, assessed
<br />or become due upon said premises as the same become due and
<br />:a yable.
<br />lc T.0 i"' Tire and, '.leez; the -,ores ise 1 1ac 'reel against lass or damage
<br />by fire, lightning, tornado, windstorm and other ordinary hazards
<br />durin..g the iffe of this agree7.- nentt, the 'buildings now on said premises.
<br />and this agreement is upon the condition
<br />that s ; long as the Purchaser, Donald N. Watson, cares for his brother, Ralph L.
<br />y,;, �� ,rvj, ,_ -. r1is hear_ e, the Vendor agrees to credit he Purchasers with the suyr�
<br />of $J 0(). 0G per math on this agreement in consideration of the care of the said
<br />�ia.Y..,~J'k „ y < .._.e
<br />4, PROVIDED FURTHER, if it should become unfeasible for Donald N.
<br />,Watson- to maintain the said Ralph L.. '' atson in his home, and it becomes neces-
<br />sa,ry for him to live elsewhere, the Purchasers shall then pay to the Vendor, or
<br />his successor, the sure of $30. 00 per month in cash until the entire unpaid balance
<br />and accrued interest has been paid in full. If the Purchasers shall fail for a period
<br />oy axt dais to perfor-.n or observe any portion of the agreement, including that
<br />providing portiok. roviding for the care of Ralph L. VJa.tson, then the whole of said princi-
<br />pal sum, with accrued interest thereon, shall, at the election of the Vendor, or
<br />hie successor, become immediately due and payable, and the Vendor, or his suc-
<br />cessor, shall have the right to terminate this agreement by giving to the Pur-
<br />chasers thirty days written notice of such termination, time being of the essence
<br />of this agreement, In the event the Purchasers iail to pay the balance due here-
<br />under, with interest to date, then the Vendor, or his successor. shall have the
<br />right to a strict foreclosure of this agreement, as provided by law.
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