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AW
<br />THIS AGRUMENT entered into this & . day oi: January, 1959,
<br />between EMIL HANN and AMANDA To HA N, husband and wife, of Hall Countyp
<br />Nebraska, hereinafter called "Sellers" and ELGIN Do CLASON, Jao& and
<br />11ARGIARET J. CLASONv husband and wife, of Hall County, Nebraska, and
<br />E. Do CLASON# SR*6 of Thayer County, Nebraska,, hereinafter calle(I
<br />"Purchasers", WITNESSETH:
<br />Sellers agree to sell and the Purchasers agree to purchase
<br />certain promises situated in Hall Countyt Nebraska* and described
<br />as the South Half of the Northeast quarter (SiNEk) of Section Light
<br />(8), Township Tan (10) North, Range Nine (9), 'asst of the 6th P:"M-j
<br />being an improved tract containing seventy-eight and one-half (1 81
<br />acres, more or less, according to goarritiont survey.,
<br />Included in the sale as a part of the premises are all buildings
<br />and fences as they now exist on the property and specifically Jncluding
<br />a house, barn, double garages wooden corncrib and granary* metal corn crib
<br />anu hug barn# and any fencing now in existence upon the premises. Any
<br />T,.o-,Table type of building owned by the tenant in possession is not
<br />incl. ,ded in this sale,
<br />The Purchasers agree to pay as consideration for said prel;,1868
<br />the sum, of Twenty-four Thousand & V0/100 Dollars (424 000.00) of which
<br />;Two Thousand Four Hundred & No/100 Dollars (42,400.001 has been pai6
<br />�o Marvin Lautenschlager Oi Grand Islandt Nebraska, agent fox, the S61lers-
<br />I
<br />."Ihe Purchasers agree to pay the additional sure of One Thousar d & 1"Glioo
<br />Dollars ($1,000.00) to Marvin Lautenschlager d/b/a Lautenachlagev"-fealtY
<br />vompa May 1* 1959, Interest shall be coll"putef�i on the
<br />n',v p on or before
<br />`.glance of Twenty-one Thousand Six Hundred & No/100 D 11ars U
<br />4-� 1
<br />asion is taken 0 may 1, .19�'
<br />fror,� fillarch 1j, 1959,, e')"L' the date P0830
<br />Thereafter, interest on the unpaid balance of Twenty-Thou sand, Six H%ur"Ijre�'�
<br />& N4100 Dollars ($20o6OO.00) shall be paid at the rate of 5% Per atnU`"
<br />co::;.Mencing May lo 1959, and shall be paid on said principal amount aria
<br />May 10 o each year, commencing May 1, On
<br />dec " co
<br />i-easing balances on I
<br />May 1, 196o, and May lo 1961s the Purchasers agree to make a inimum,
<br />payment of One Thousand Seven Hundred Pi qty & No/100 Dollars
<br />ana as such payments are made the interest which has accrued on the
<br />principal since the last payment shall be first deductea and the oall anco
<br />credited to principal. Commencing may 1, 1962, and annually thereafter
<br />until Ylla lo 1974, Purchasers a roe to make annual Minimum pay mnts of
<br />One Tho.
<br />u3and & No /100 Dollars (81.000.00) which shall include interest
<br />accilued and any balance remaining shall be credited to principal. Pur-
<br />chasers shall have the right to make maximunt annual paymente. in.cluciillg
<br />interest and principal of Two Thousana Jive Hundred & K0/100 DUI' Iar!�
<br />(42,500.00) during any year and such payments shall be made on inl-lerOst
<br />and principal payment dates as hereinabove set cof�th and such auditional
<br />payments shall not entitle purchasers to forego payment of the minimUM
<br />annual payments required under this cont.ract. An.y balance remaining
<br />on principal together with acc-vued interest shall be due and pa-1•able
<br />flay 1. 1974, unless sooner, paid. At the time the accrued interest ank"�
<br />final payment is made on principal# a deed now executed by the Sellers
<br />and placed in escrows as hereinafter provided shall be delivered to the
<br />Purchasers. The Purchasers, after May 1, 1964, shall have the right to
<br />make maximum annual payments, including interest and principal, of ',Y5,000-00
<br />Purchasers shall have possession of said premise8 commencing
<br />March 10 1959• The abstract of title to said premises shall be imediatelY
<br />extended and certified to date and delivered to Purchasers for exa :i-
<br />If any defects in the title are found 0 the
<br />nation by their attorney. fects and
<br />Sellers shall have a reasonable time In which to correct such de
<br />, title defects. In the event
<br />shall use reasonable diligence to reu_ove a ny
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