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i <br />CONTRACT FOR SALE OF REAL ESTATE <br />These Articles of Agreement, made this r_ day of <br />1959, between Walter M. Cummings and Ruth E. Cummings, husband and wife, <br />each in his and her own right and as spouse of the other, hereinafter referred to <br />as First Parties, and Boss Hotels Company, a corporation, hereinafter referred <br />to as Second Party, as follows: <br />That, if the Second Party shall first make the payments and perform <br />the covenants hereinafter - mentioned on its part to be' made and performed, First <br />Parties hereby covenant and agree to convey, in fee simple free and clear of all <br />encumbrances whatever, by good and sufficient Warranty Deed accompanied by <br />Abstract of Title showing merchantable title in the First Parties, the following - <br />described real property: <br />The North One -Half (NZ) of Lots Five (5) and Six (6), and all <br />of Lot Seven (7), Block Seventy -Nine (79), of the Original Town, <br />now City of Grand Island, in Hall County, Nebraska, <br />under the following terms and conditions: <br />I. <br />The Second Party hereby covenants and agrees to pay to the First <br />Parties the sum of One Hundred Twenty -Five Thousand Dollars ($125, 000. 00), of <br />which the sum of Five Thousand Dollars ($5, 000. 00) has been paid, the receipt <br />whereof the First Parties acknowledge, and an additional payment of Twenty <br />Thousand Dollars ($20, 000. 00) on March 1, 1960, and the remainder of One <br />Hundred Thousand Dollars ($100, 000.00), in monthly installments, beginning <br />April 1, 1960, such payments to be computed over a period of one hundred eighty <br />(180) months at 6% interest, on a monthly- reduction basis, until the whole of said <br />sum of One Hundred Thousand Dollars ($100, 000.00) shall have been paid. <br />Attached hereto, at Exhibit "A, " is a schedule of direct reduction loan <br />showing the monthly payments and the allocation of such payments to principal and <br />interest, which Exhibit "A" is ,made a part of this Contract. <br />
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