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<br />of DrUds, NZ.o
<br />FOR
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<br />WARRANTY DEED
<br />e ry the year One Thousand
<br />THIS AGREEMENT, ad s . this Fif t
<br />.-Nine Hundred and Sixty-One,
<br />BETWEEN W. R. Beem, 0/a NORTHWEST DEVELOPMENT CO., hereinafter designated 69 Seller and-
<br />Henry Michand and 'Nallin i4l chaild hi .q Iii f 0
<br />as joint tenants and not as tenant in common with right of s4viorship, hereinafter designated as Buyer (whether one or more)i
<br />WITNESSETH: That if the Buyer stall first make the payments and perform the covenants hereinafter stipulated, the said
<br />Seller hereby agrees to sell to the said buyer, in fee simple; clear of all encumbrances except reservations, easements and re-
<br />strictions as set forth herein, by a good and sufficient warranty deed and, abstract of title, the lot, lots* or parcels of ground sit.
<br />uated in Hall County, Nebr., known and described as
<br />Lot" 91XX:A f9:91 Block El Zht 8)
<br />HIghland Park a Sub-division of
<br />Hall County, Nebr., as per plot of said addition as recorded in the office of the Register of Deeds, of Hall County, Nebr.
<br />Said conveyance, however, shall be subject to the following conditions, stipulations, and covenants, to-wit;
<br />1. Village , or town or cities requirements and any applicable zoning ordinances and •restrictions of record,`
<br />2. All homes erected shall be built for not less than 800 square feet.
<br />3. Trailer or basement houses shall not be used as dwellings.
<br />And the Buyer hereby covenants and agrees to purch-se said property on the terms and conditions herein stated and to pay
<br />unto Seller therefor the sum of
<br />13ix' MipArp.d R1 ehtno.tj Dollnrq A" a5/1 s , is
<br />and -7-1, on- -w — — Doll
<br />payable at the office of Seller in Grand Island, Nebr., or such other places when Seller shall designate in writing, in the follow-
<br />ing manner, to-wit.
<br />The sum of - ------ Sixty-Eight Dollars and 85 /100-- - - - - -- Dollars` (s $68.85
<br />in cash, receipt, of which is hereby acknowledged, and the balance of
<br />- - - -- -- -Five Hundred-Fiftv Dollars and 00 /100 --. - -- - -- Dollars ($ y1550.0()
<br />in monthly installments of - - - - -r if teen Dollars and 00 /100-- --' - -- Dollars, ($ :5l5eOO )
<br />per month (or more at buyer's option) beginning on thePi f t h day of Mf prch . 1 19 42'
<br />and monthly thereafter until the whole of said indebtedness is paid, with interest at the rate of 6% per annum on the whole amount
<br />remaining unpaid, from time to time, such interest to be computed semi-annually. , Entire balance to be paid within three years,
<br />It is further agreed that upon full payment by the Buyer to the Seller together with interest as aforesaid, the Seller will, at
<br />its own expense, execute and deliver or cause to be delivered tor Buyer a warranty deed and abstract of title conveying to said
<br />Buyer the above described property, free and clear of all encumbrances subject to the exceptions, and restrictions, Herein-
<br />The Buyer agrees to pay all taxes that may be legally levied or imposed upon said land for the year 19-6P
<br />and subsequent years.
<br />The Seller reserves for itself, its successors or ossigns,'tho right to use the streets and rear 8 feet of said lot, to erect,
<br />__con#J1uct. and. maintain electric light, electric power, and telephone lines, poles and conduits; sewer, water and gas pipes and
<br />the necessary connections- and 'appliances.
<br />In the event of the death of Henry MicharA the Buyer, only dur.
<br />;ng the life of this contract the said Seller shall forthwith convoy title to his Wife's Estate or Estates without further payment,
<br />provided, the said Buyer was not at any time in arrears with payments of in default on any of the terms of the contract.
<br />It is mutually agreed between the respective parties hereto thatr this agreement shall not be assignable by the Buyer without
<br />the written consent of the Seller, and that all representations affecting this contract are expressed herein, and that no waiver
<br />or modification of this agreement shall be claimed or be of any force unless reduced to writing embodied in this agreement and
<br />signed by the parties hereto,
<br />The validity of this contract shall not be affected by any oral agreement not contained herein. 11
<br />It is also mutually agreed by and between the parties hereto, that should default be made by the Buyer in the payment of
<br />any or either of the said payments, at interest thereon, at any part thereof, or in the performance of any at either of the covenants
<br />and agreements herein contained, the said Seller may, at its option, at any time after such failure, cancel this contract by
<br />giving 30 days' notice in writing to the Buyer at his last known address of its intention to cancel same, and all moneys theretofore
<br />paid and whatever interest in property acquired thereunder, if any, and all improvements thereon, shall be forfeited, and shall be
<br />and remain the property of the Seller as liquidated damages for the breach of this coati-act Further, upon such default, Buyer
<br />hereby specifically agrees quietly and peaceably to surrender to Seller the premises aforesaid.
<br />And it is further mutually agreed, by and I between the parties hereto, that the ilme'orpayments shall 14" an essential part
<br />of this Contract and that all the covenants and agreements herein contained shall extend tci and be obligatory upon the success.
<br />ors and'assigns of said Seller, and Z tipon the beirs, administrators and -assigns of the Buyer hereto.
<br />IN TESTIMONY WHEREOF, both parties have hereunto set their hands and seals the day and year herein 0 first above written,
<br />W. R. Boom "/a
<br />Signed and Delivered in NORTHWEST Mk OPMENT CO.
<br />the Presence of; By
<br />my michat
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<br />Nellie MiehaIltl
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