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II . <br />The consideration to be paid by the Buyer to the Seller shall be Twelve <br />Thousand Five Hundred Dollars ($12,500.00), and payment of said amount shall be on <br />a monthly basis, as hereinafter set out, and the principal amount due shall bear <br />6% per annum interest on the declining unpaid balance; that payment of the consi- <br />deration, as immediately hereinbefore provided for, shall be $122.00 per month, <br />which sum shall constitute payment of both principal and interest, the first -of <br />such payments shall be made upon execution of this agreement, and on the same day <br />of each and every succeeding month for a period of twelve (12) years, said payments <br />may be made in person, or by check sent via the United States mails. <br />III. <br />It is specifically agreed and covenanted to by the parties hereto that, <br />concurrent with the execution of this instrument, the Seller shall, in due legal <br />form, execute a Warranty Deed naming the Buyer as grantee, and simultaneously here- <br />with deliver the same, with sufficient Federal Revenue Stamps attached, to the <br />First National Bank of Grand Island, Nebraska, who will hold the same in escrow <br />until all of the agreements: and covenants hereafter, and hereinbefore, are com- <br />plied with by the Buyer. At such time as the Buyer has complied with all of the <br />agreements and covenants herein provided for, and furnishes evidence of the same to <br />the Escrow Agent, which evidence may be properly endorsed cancelled checks, the <br />Escrow Agent shall deliver to the Buyer the Warranty Deed hereinbefore referred to. <br />