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K <br />N <br />A G R B B M B N f. <br />THIS AGREEMEINT, ,trade and, entered into this first day of <br />May, 1962,.by and between Roderick J.-Martin and J. A. Sartin, party <br />of the first party, and G. W. 1IcGavren, party of the second part, both <br />parties being of Hall County, and State of Nebraska, in consideration <br />of the sum of Seven Hundred Fifteen and No /100 Dollatt ($715.00) in <br />hand paid, <br />WITNESSETH: <br />That the said party of the first part do hereby sell and <br />convey unto the party of the second part the following described <br />premises situated in Ball County, and State of Nebraska, to -wit: <br />Lot Four (4) Block Four (4) Country Club <br />Addition to the City of Grand Island, Ball <br />County, Nebraska <br />In consideration of the purchase of the above premises, <br />the said party hereby covenants and agrees with the said party of <br />the first part to pay the'said party of the first part in purchasing <br />the, same . as, follows, to-wit: <br />Seven Hundred Fifteen and No /100 Dollars, said note to <br />bear no interest until after maturity but with interest at the rate <br />of nine per centum (9%) per annum after maturity, said note-to be <br />payable in the following manner: One Hundred and No /100 Dollars <br />payable on May 1, 1962, and Twenty and No /100 Dollars payable on the <br />first day of June_, 1962, and on the first day of each succeeding <br />month thereafter until the first day of December, 1964, when the <br />final payment in the amount of Fifteen and No /100 Dollars shall be, <br />due and payable. <br />If any installment of principal is not paid when due, <br />or if there is a default in the performance of any,of the conditions a <br />or covenants of the mortgage securing this note, tha. holder of this <br />note may declare the entire unpaid balance due and payable. at once <br />without further notice to the party of the second part. Failure to <br />exercise this option on. any default shall not be construed as a <br />waiver of the right to exercise the option,pn any later default. <br />AND IT IS FVRTIIER EXPRESSLY AGREED,that the party.of, <br />the first'part will furnish to the party,9f the second,part a valid <br />title in fed simple to the above described premises, and for that' <br />purpose shall execute and deliver_to the said party of the second <br />part, a good and sufficient warranty deed, free and clear of all <br />ss <br />Vic, <br />