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r <br />A0R0'RMBNT;. <br />THIS AGREEMENT, made and entered into this first day of <br />May, 1962, by and.between,Rodarick J. Martin and J. A. Sartin,, party <br />of the l.rst.part, and G. William McGavren„_ Jr., party of the second <br />part, both parties being of Hall County, and State of Nebraska$ in <br />consideration of,the.sum of Seven hundred Fifteen and No /100 Dollars <br />($715.00) in hand paid, <br />WITNESShTHa <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 Hall County, and State of Nebraska, to -wit: <br />Lot Five,(S)' Block Four (4) Country Club <br />Addition fO the City of Grand Island, Hall <br />County, Nebraska <br />In consideration of the purchase of the above premises, <br />the said second party hereby covenants and agrees with the said party <br />of the first part to pay,the,said party of the first part in,pur- <br />chasing 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 %anner: 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 clay 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.th'er conditions <br />or comants of the mortgage securing this.note, the 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,de1fuyIt shall not be construed is a <br />waiver.of the right to ex#r�is "e the opOok' Qn'any later default. <br />AND IT IS FURTHER EXPRESSLY AGREEQ that the party of <br />the first part, will furnish to the. party of the second part a valid <br />title in fee simple to the about Oscriped;prOmises, and for that. <br />purpose,shall execute and 441 iver to-the said party of the second, <br />part, a good and sufficient'warranty` deed, free and clear of all <br />