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It is understood by the parties that Purchasers will not receive possession to these premises prior to March 1, 1958, but Shp-11 go into Dossession as soon as this agreement is signed, if not fully executed by that date, and that the Purchasers shall be entitled to the rent shame of one -third of growing wheat on a portion c• the premises and shall have Pull possession of the remaining portion of the premises now in pasture. The Sellers will pay the real estate taxes regularly assessed against the premises for the year 1957 and all prior years a:_i the Purchasers shall, be required to pay all real estate taxes commencing with the year 1938. The abstract of title to the said premises shall be iuine_l - lately c :tc iet:LU and c8I`�i ii led to date upon execution of this agreement. anal. delivered to 'Purchasers for examination by their attorney. If any defects in the title are fo"d, the Sellers shall have a reasona'_ la time in wh=ich to correct such defects and shall use reasonable dili- gence t:, remove any title defects. In the event the Sellers shall b�-, unable tc remove such title defects, then any payments made under this ag,reemen' shall thereupon be refunded and all obligattons of the parties hereto csLll terminate and this agreement shall be deemed void without x•e,ourse to either of the parties hereto by tLe other. The Sellerb shall inzediately execute a warranty deed to „tee purey _jets as Joint tenants and no. as tenants ill CO, oi:. This deed together with the abstract shall be placed in escrow with the Commercial National Bank of Grand Island, tiebrasaa, together with oiie fully executed copy of this agreement. All payments on interest aril payments on principal shall be made by the Purchasers at said bank and proper credit shall be given on the total purchase price and accruiri g Literest. Upon payment of the final payment :'_`tee or, the purchase price as herein provided, together with all interest therecr:, the escrovi agent shall purchase sufficient revenue stamps to be affixes: to the Warranty deed, and said deed, and abstract shall be delivered to the Purchasers. The charges of the escrow agent for its services shall be laid by the Sellers. The Sellers have agreed to pay- all real estate taxes for the year :,nd prior years and in the event of failure of Sellers to pay such taxes when due, Purchasers shall have the option of paying the same and taking credit therefor on tine payments due on the purchase price. The Purchasers have agreed to pay all real estate -taxes coira:encing wrath the year 1958 and thereafter and in the event of fail-are of Purchasers to pay such real estate taxes before they become delinquent and while this contract is still effective, the Sellers may, at their option, pay such taxes and the same shall be an additional obligation under this contract,together with interest thereon at the same rate then in effect chargeable by the state on delinquent taxes. In the event of default by the Purchasers in the payment of any in- stallment of principal or interest.or failure to pay taxes before the same become delinquent and shall continue to be in default in the payment of such delinquencies for a period of 60 days after demand has been made, that the same be paid, such demand to be made by Sellers, or any of them, upon the Purchasers, or either ist• them, by registered -sail, addressed to their lase known address, the Sellers shall be entitled to terminate this contract and shall be entitled to have the deed and abstract redelivered to them by the escrow agent without further liability on the part of the escrow agent to the Purchasers and the Purchasers further agree to immediately vacate and surrender possession of the premises to the Sellers. In that event the Sellers shall be entitled to retain all payments made hereunder by the Purchasers as liquidated damages. In the event of full compliance of the terms and conditions of this agreement required on the part of the Purchasers, the premises _2_