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AGREEMENT FOR SALE OF REAL ESTATE
<br />THIS AGREEMENT entered into this tg' day of Attgeteb, 1958,
<br />between EXIL HANN and AMANDA T.,HANN, husband and wife, Hall County,
<br />Nebraska,ihereinafter called "Sellers" and ROBERT AK CLAUSEN and
<br />GEORGE W. CLAUSEN, of Hall County, Nebraska, hereinafter called
<br />"Purchasers ", WITNESSETH:
<br />Sellers agree to sell and the Purchasers agree to purchase
<br />certain premises situated in Hall County, Nebraska, and described
<br />as the South Half of the Northwest Quarter (SJNWJ) of Section
<br />Eight (8), Township Ten (10) North, Range Nine (9), West of the
<br />6th P.M., Hall County, Nebraska, constituting eighty (80) acres,
<br />a little more or less, according to Government Survey.
<br />Included in the sale as a part of said premises is a power
<br />unit, belts, irrigation pump, shelter house at the pump site,
<br />compete, and any fencing now in existence on the premises.
<br />The Purchasers agree to pay as consideration for said premises
<br />the sum of Twenty -five Thousand Five Hundred Twelve & 50/100 Dollars
<br />($25,512.50) of which Five Hundred & No /100 Dollars ($500.00) has
<br />tris date been paid to Marvin Lautenschlager of Grand Island, agent
<br />for the Sellers. The Purchasers agree to pay the additional sum
<br />of One Thousand Twelve & 50/100 Dollars ($1,012.50) to Marvin
<br />Lautenschlager d /b /a Lautenschlager Realty Company on or before
<br />March 1, 1959, and at the time possession is taken. Interest on
<br />the unpaid balance of Twenty -four Thousand & No /100 Dollars
<br />($24,000.00) at the rate of 5% per annum shall commence March 1,
<br />1959, and shall be paid on said amount and decreasing balances. On
<br />December 15, 1959, the Purchasers agree to make an additional
<br />payment of One Thousand Five Hundred & No /100 Dollars ($1,500.00)
<br />which payment shall include the interest which has accrued from
<br />March 11 1959, to December 15, 1959, and the balance shall be applied
<br />on principal. Thereafter interest shall be paid on the principal
<br />balance remaining, and decreasing principal balance on the 15th day
<br />of June and the 15th day of December of each year commencing June 15,
<br />1960. The Purchasers agree to make an annual minimum payment of
<br />One Thousand Five Hundred & No /100 Dollars ($1,500.00) including the
<br />payment of interest on June 15, and December 15, of each year, and
<br />the balance shall be applied on principal with the further privilege
<br />of making a maximum annual payment toward interest and princi al
<br />of Two Thousand Two Hundred Fifty & No /100 Dollars ($2,250.00. The
<br />final payment of any accrued interest and balance of the principal
<br />is to be paid June 15, 1974, unless sooner paid. At the time the
<br />accrued interest and final payment is made on principal, a deed now
<br />executed by the Sellers and placed in escrow, as hereinafter provided,
<br />shall be delivered to the Purchasers.
<br />It is understood by all parties that the premises are now
<br />occupied by Robert Irvin under a Written lease which terminates
<br />March 1, 1959, and that good and sufficient notice shall be served
<br />upon him that the lease will not be renewed thereafter and demanding
<br />delivery of the possession of the real estate by March 1, 1959,
<br />which notice shall be duly served upon him prior to September 1
<br />1958, by the Sellers. If for any reason the said Robert Irvin Ls
<br />not vacated and surrendered possession of the premises by March 1,
<br />1959, the Sellers agree to immediately institute proceedings for
<br />such possession and that shall be done at their own expense and the
<br />balance of any initial down - payment which Purchasers have herein
<br />agreed to pay by March 1, 1959, shall not become payable until
<br />possession is delivered to the Purchasers. The abstract of title to
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