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AGREEMENT FOR SALE OF REAL PROPERTY This agreement is entered into between Hnr.gf -P tB Jorn and Barbara J. Bjorn 0 f3ska —, each in his and her own right and as spouse of the other and as the VENDORS, and, Robert, - Dara hyirhester of ('rand Island, Nebraska as PURCHASERS It is further expressly agreed by and between the parties hereto that buyer shall have said premises being sold by this agreement examined for the existence of termites within ten days from the date hereof. In the event any termite damage to any of the improvements on said pr mises i;' found by said time to exist, sellers hereby agree to repair such termite damage at their expense promptly upon being advised thereof. In the event such examination discloses present existence of termites, sellers do hereby agree to have said improvements treated aga the continued existence of termites �y a termite control company approved by the office of t United States Veterans Administration at Omaha, Nebraska, at their expense; upon so doing, sellers shall be fully released and exonarated from any and all liability on account of the The vendors sell, and the purchasers agree to buy present existence of termites on said premi Fractior..al Lot two 2 , al Grand Island ( ) Fraction Block Forty - nine (49), Russel Wheelers Addi� on,/ Nebr. Including JdVX XII X venetian blinds and T.V.antenna. It is agreed that the pure ers will at the request of the vendors make application for and procure a loan from any lending agency when the unpaid balance on this contract has been reduced to.an amount that such 1 &nding agency is willing to loan. Vendors agree to pay pro -rata portion of 1959 Real Estate tax to February 15, 1959 using amount of 1958 tax as a basis of calclution. in Hall County and the State of Nebraska, together with all appurtenances thereunto belonging and now thereon except and subject to any building restrictions or easements of record against such real property on the date of this agreement. The purchasers agree to pay for such real property the aggregate sum S3X- Thnn-,grd and _no : 100-------------------------------- - - - - -- Dollars ($ n;000.00 ) payable as follows: $ six .hugdred receipt of which is hereby acknowledged; $ 600.00 on or before Feb , 15, �9and, the balance of $ )♦, 80(_.00 with interest at the rate of Six per cent ( 6 %) per annum, to be paid at the office of B. F. Douthit in the First National Bank Building in Grand Island, Ne- braska, or at such other place as the vendors may hereafter designate in writing, in monthly installments of Sixty no /100 - - - -_ Dollars ($ 60.00 ) commencing March 15, 1959 ____, and on the_!5t l— __ day of each month thereafter until such balance of purchase price and the interest thereon shall be paid in full. The above sixty dollars monthly payment shall include Interest on declining balance principal, 1112 of annual real estate tax and 1/12 of Fire and Extended covera?e -insurance pre)zjium in the amount of not less then $4,800.00. The purchasers shall have the privilege, on any installment payment date hereunder, of paying the unpaid balance of such purchase price and interest thereon to the date of such payment, and advances, if any, made by vendors for taxes or insur- ance with interest thereon to date of such payment. It is expressly stipulated and agreed that the vendors will submit herewith to the purchasers an abstract of title certi- fied to date and that the purchaser shall inform the vendors within ten days from the date of this contract as to the opinion of the attorney for the purchasers regarding the merchantability of the title of the vendors to such real property as shown by such abstract of title. Vendors agree upon payment of the full purchase price, interest, and advances, if any, for taxes or insurance, that the vendors will again have such abstract of title certified to that date to show merchantable title to such real property in the vendors free of any encumbrances and liens incurred by vendors but subject to building restrictions and easements of record on the date that this contract is entered into and further subject to all encumbrances and liens incurred by or permitted thereon by purchasers. The vendors further agree upon the execution of this agreement by the parties hereto to place IN ESCROW with such 13. F. Douthit, together with a copy of this contract, a warranty deed conveying such real property to purchasers, free and clear of encumbrances except the 19__59 and subsequent real property taxes and any building restrictions and easements of record to date of this agreement and further subject to any encumbrances and liens incurred by or permitted thereon by purchasers, and the vendors herein hereby authorize such escrow agent to deliver such warranty deed to the purchasers up- on payment by the purchasers in full of the purchase price, interest, and advances, if any, by vendors for taxes or insurance, with interest. The vendors agree to pay for the required Federal documentary stamps when the deed is delivered and authorize the escrow agent to pay for such documentary stamps out of any monies of vendors in his hands. IT IS FURTHER AGREED that purchasers shall be given possession of such real property on February_ ,19 provided, however, payment of the total sum of $x, .'00 as herein provided lbr has been made by the purchasers. . The purchasers further covenant and agree: to annually pay all taxes and assessments that may accrue or be levied on such real property, and all other taxes and levies and assessments levied upon this contract or the interest of the vendors therein, as they become due and before they become delinquent including 19-5-9_ real property taxes; to keep the buildings on such real property insured against loss by fire and extended coverage for the sum of 1A Finn able to the parties hereto as their interest may appear; that if the purchasers shall fail o pay such taxes or °assessments or procure such insurance, the vendors may pay such taxes or assessments or procure such insurance and the sum or sums so advanced, with interest at eight per cent (8 %) per annum shall be paid to vendors and this contract shall secure the pay- ment of the same.