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007-669
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007-669
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said premises shall be immediately extended and certified to date <br />and delivered to Purchasers for examination by their attorney. If <br />any defects in the title are found, the Sellers shall have a <br />reasonable time in which to correct such defeats and shall use <br />reasonable diligence to remove any title defects. In the event the <br />Sellers shall be unable to remove such title,: defects, then any <br />payments made under this agreement shall thereupon be refunded and <br />all obligations of the parties hereto shall terminate and this <br />agreement shall be deemed void without recourse to either of the <br />parties hereto. <br />Upon execution of this agreement a deed executed by the Sellers <br />to the Purchasers, together with the abstract, (after the same has <br />been extended and examined), shall be placed in escrow with the <br />Overland National Bank of Grand Inland, Nebraska, together with one <br />fully executed copy of this agreement. All payments of interest and <br />payments on principal after March 1, 1859, shall be made by the <br />Purchasers to said bank and proper credit shall be given on the <br />total purchase price. Upon payment of the balance due on the purchase <br />price as herein provided, said escrow agent shall purchase sufficient <br />revenue stamps to be affixed to the warranty deed, and said deed <br />and abstract shall be delivered to the Purchasers. The charges of <br />the escrow agent shall be paid equally by the Sellers and the <br />Purchasers. In the event of default by the Purchasers, then, after <br />sixty (60) days notice to the Purchasers, or either of them, at <br />their last known address, by registered mail, the Sellers shall <br />be entitled to have said deed and abstract redelivered to them and <br />the Purchasers agree to vacate and surrender possession of said <br />premises to the Sellers. In that event the Sellers shall be entitled <br />to retain all payments of principal and interest made hereunder by <br />the purchasers as liquidated damages and rent. <br />The Sellers agree to pay all real estate taxes for the year <br />1959 and thereafter such taxes and aesteses :ment& shall be paid by <br />the Purchasers. <br />The premises shall be conveyed to the Purchasers free and clear <br />of all liens and encumbrances, including such real estate taxes for <br />1958. The deed shall be a standard deed conveying the premises to <br />the Purchasers as tenants in common. <br />Acceptance of a deed upon final payment of all payments due <br />hereunder by the Purchasers shall be deemed to be full performance <br />and discharge of the contract. The portion of the consideration <br />paid herewith is being paid direct to the Sellers or agent, and the <br />escrow agent shall in no way be responsible for any funds paid <br />directly to the Sellers or in forcing repayment thereof to the <br />Purchasers if this transaction is not conssumated, and all broker's <br />commissions shall be paid by the -3-94lerss direct. <br />IN WITNESS WHEREOF, the said parties have hereunto set their <br />hands and seals to this instrument, executed in three counterparts, <br />on the day and year first above written. One fully executed copy is <br />to be delivered to the Sellers:, one to the Purchasers and one to <br />the escrow agent. <br />f <br />sellers <br />.2- '' <br />
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