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" �... A G R E E M E N T This agreement made and entered into this 30th day of September, 1952, by and between C. Freida Fries and Henry G. Fries, hereinafter designated as parties of the first part, and Walter P. Lacey and Reva M. Lacey, hereinafter designated as parties of the second part, WITNESSETH: That the said parties of the first part agree to sell to the parties of the second part, and the said parties-of the second part agree to purchase of the parties of the first part, the following des- cribed real estate situated in the City of Grand Island, County of Hall, and State of Nebraska, to -wit: Lots One Hundred Seventeen (11 and One Hundred Eighteen (118 in Belmont, an Addition to the 21.12 of Grand Island, Nebraska. The parties of the second part agree to pay to the parties of the first part as full consideration for the above described premises, the sum of Seventy Five Hundred & No /100 (7500.00) Dollars, as follows, to -wit: One Thousand & No /100 (1000.00) Dollars, cash in hand paid, the receipt of which is hereby acknowledged, and the balance of Sixty Five Hundred & No /100 ($65oo.00) Dollars, with interest at the rate of 61. payable at the rate of Fifty Five & No /100 (55.00) Dollars per month, the first payment to be made on the 1st day of November, 1952, and Fifty Five & No /100 ($55.00) Dollars on the lst of each succeeding month until the full amount has been paid. It is further agreed to by and between the parties hereto that the Fifty Five & No /100 ($55.00) Dollar monthly payment will include the int- erest and the loan. It is further understood by and between the parties hereto that the taxes and insurance on the property are to be paid by the parties of the second part in addition to their monthly payments in the amount of Fifty Five & No /100 ($55.00) Dollars. It is further agreed to by and between the parties hereto that the parties of the first part will pay 10/12 of the taxes for 1952, and that the parties of the second part will pay the 2/12 of the taxes for 1952. It is further agreed to by and between the parties hereto that the parties of the second part will insure the buildings for not less than Seventy Five Hundred & No /100 ($7500.00) Dollars, a copy of the insurance policy to be attached to this contract and assigned to C. Freida Fries and Henry G. Fries. Parties of the first part have made and executed a warranty deed which accompanies this instrument and will furnish an abstract showing a merchantable title to said land. The parties of the first part further agree to deliver free and clear of all encumbrances, the within property upon the full payment of this contract. It is further agreed to by and between the parties hereto that the parties of the second part reserve the right to pay off the entire balance at any time during the existence of this contract. Possession to be given immediately upon the signing of this con- tract. In case the said parties of the second part shall fail for a period of three (3) months to pay the montly installments, then and in that event, all payments shall be forfeited to the parties of the first part as full liquidated damages, and to deliver up possession of the property peaceably and without cost to the parties of the first part.