|
The First Parties have deposited with the Commercial
<br />National Sank of Grand Island, Nebraska, a Warranty Deed
<br />to said premises to the Second Parties, in escrow, to be
<br />delivered by said bank to the Second Parties on their com-
<br />plying with the terms of this contract. From the final pay-
<br />ment made there shall be paid the revenue stamps on said deed.
<br />Possession of the premises is to be delivered on March 1,
<br />1961.
<br />The Parties of the First Part agree that once during the
<br />life of this contract they will, on demand, deliver to the
<br />Second parties an abstract of title to said premises showing
<br />a marketable legal title to said premises to be in said First
<br />Parties, free and clear from all liens and encumbrances what-
<br />soever, except easements of record, and except real estate
<br />taxes for the year 1961 and thereafter, and except such liens
<br />or encumbrances which may be placed or suffered to be placed
<br />thereon by Second Parties.
<br />The Second Parties agree to pay the real estate taxes
<br />for the year 1961 and thereafter before the same shall become
<br />delinquent, and a failure so to pay after the same become de-
<br />linguent, upon demand made by Herbert H. Sass, Trustee, or
<br />any successor Trustee, shall constitute a breach of this
<br />contract.
<br />First Parties are to pay all real estate taxes levied and
<br />assessed against said premises to and including real estate
<br />taxes for the year 1960. First Parties shall be entitled to
<br />all rents from said premises for the year 1960. First Parties
<br />agree that they will at their expense correct such defects in
<br />the title as may render said title not marketable. Said
<br />First Parties further warrant that they and their predecessors
<br />in interest are now, and have been for more than twenty -three
<br />(23) years last past, in possession of said premises, claiming
<br />to be the owners thereof.
<br />All payments shall be made by the Second Parties to the
<br />Commercial National Bank at Grand Island, Nebraska, and be by
<br />them paid to Herbert H. Sass, single, as agent and Trustee
<br />of the First Parties, and any successor Trustee, and neither
<br />the Second Parties nor the said Commercial National Bank shall
<br />be required to follow or account for said proceeds, the payment
<br />to the said Herbert H. Sass, single, as Trustee, or any succes-
<br />sor Trustee, to be final and binding upon the First Parties,
<br />unless notice in writing shall have been served upon the said
<br />Commercial National Bank of a change in the disposition of the
<br />proceeds. The First Parties have this day made, executed, and
<br />delivered to Herbert H. Sass, single, as agent and Trustee of
<br />the First Parties, an amendment to that Deed of Trust filed in
<br />the office of the Register of Deeds, Hall County, Nebraska,
<br />November 29, 1954, and recorded in Book 112 of Deeds at Page
<br />299, in said office, whereby in substance they convey the pre-
<br />mises hereinbefore described unto Herbert H. Sass as First
<br />Trustee; Olga Sass Hein, as the First Successor Trustee;
<br />Lucile Sass Nowlin, as the Second Successor Trustee; and
<br />Margaret Sass.Baumeister, as the Last Successor Trustee; which
<br />in effect will authorize the said Herbert H. Sass, single,
<br />Trustee of the First Parties, or any successor Trustee, to
<br />execute a Trustee's deed or deeds prior to the compliance with
<br />the terms of this contract by the Second Parties, to the
<br />Second Parties or their order, for all or any part of the real
<br />estate herein described, upon the following terms:
<br />2.
<br />
|