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Purchaser, to >the Guarantor, <br />F. That in event the Purchaser shall `default in any <br />of the. conditions above, 'or hereinafter set out, <br />the Guarantor shall make the payments in his stead, <br />and shall save the.Owners from any financial lass <br />resulting from the mortgage indebtedness it the <br />real estate: the subdIect of this Contract; that in <br />event the. Guarantor shall be required to make pay - <br />o-,ments, or incur any financial loss he shall give <br />notice to the Escrow Agent, and present to his his <br />receipt, or receipts, indicating payment to the <br />Home Federal Savings and Loan Association, and such <br />receipt or receipts shall - constitute absolute evi- <br />dence of default of the Purchaser when said receipts <br />are accompanied by a statement `ever the signature of <br />an executive of the Home Federal Savings and Loan <br />Association that the payments for which the receipts <br />were given were overdue and not paid by the Purchaser, <br />G, That if the Guarantor shall present to the Escrow <br />Agent the absolute evidence.of default of the Pur- <br />chaser, as provided for above.in Sub - paragraph F, <br />together with a duly and legally executed release <br />of real estate mortgage, executed by the Home Federal <br />Savings and Loan Association of Grand Island, Nebraska, <br />with the notation thereon that the same has been re- <br />corded with the office of the Register of Deeds of <br />Hall County, Nebraska, and the Ownerst promissory note <br />to the Home Federal Savings and Loan Association, with <br />a notation on the face thereof that the same is paid <br />and cancelled, the said Escrow Agent shall then deliver <br />both the warranty deed executed by the Owners., and the <br />warranty deed executed by the Purchaseri to said <br />Guarantor., <br />II. <br />The Purchaser, in consideration of the conveyance by the Owners, <br />hereinbefore provided for in Paragraph I, by these presence does assume the <br />mortgage indebtedness in the sum of $V35.27 owing now by the Owners to the <br />Home Federal Savings and Loan Association, of Grand Island, Nebraska, and <br />further in consideration of the Guarantorts guaranteeing the Purchaserts per - <br />formance of the terms hereof, specifically agrees to perform all acts, and <br />conform to all conditions as set out in Paragraph I-A through I•G inclusive. <br />III, <br />The Guarantor, inuconsideration of the Owners conveyance to the <br />Purchaser, as hereinbefore provided for, and-in further consideration of the <br />Purchaserts conveyance toihe Guarantor, also hereinbefore provided for, <br />specifically agrees and covenants to perform all acts required of him in <br />i <br />J <br />