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r - r- •• AGR,E&MT FOR SALE OF` REAL. ESTATE, - THIS AGREEMENTp entered into this ,,.N4 day of December, 19629 between LOUIS 0- SCHROEDER and SADIF J. SCHRQEDER# of Alda, Hall County, Nebraska# Parties of the First Part, hereinafter called "Sellers", and GEORGE YALONBT and GENEVIEVE MALONEY, husband and wife$ Of Smithfield, Gosper County, Nebraska, Parties of the Second Part, hereinafter called "Purchasers", WITNESSETHi The Sellers agree to 0011 and the Purchasers agree to purchase, in mannar hereinafter set forth certain premises situated in Hall County, Nebraska descried as the Northeast quarter (NIJ) of Section Twenty -five �25)# Township Ten (10) North, Range Eleven (11) West of the th PoNo Included in the sale of the premises are all buildings and improvements now located thereon including the motor at the well at the building sits and also the electric irrigation motor and propane tank but excluding a fence now installed around and ensilage pilot a printer fence along the west side of the driveway, panels located next to the mill and one panel at the west and of the feadlot and all feed bunks, these, together with the ensilage now on the promises belonging to the tenant and which he shall have a right to remove- The Purchasers acknowledge that all of such improvements which are y to be included in this transaction hays improvemmeents they na�will receivedwhentposse fully at The Purchasers agree to pay as consideration for said premises, with improvements hersinaboys referred to, the sum of Forty -eight Thousand & No /100 Dollars ($4$,000 -00) of which amount Four Thousand & No /lOQ Dollars ($40000.00) has been paid to Al G. Schroeder, of Grand Island, Nebraska, ent for the Sellers, and an additional sum of Four Thousand & No 100 Dollars (,4,000.00) shall be paid to him as agent by February It 19638 being the date possession of the promises are to be delivered to the Purchasers. As soon as the sum of Sight Thousand & No /100 Dollars ($$,000.00) has been paid to the said A1,0. Schroeder as agent and possession has been delivered to the Purchasers all said eal agenteshaaalpl deduct therefrom his commissions, shall pay on these premises for the year 1962# shall pay the installment of pprincipal and interest due March 19 1963 on the first mortgagehe tro0t o Paariddential Insurance Company and the balance P National Bank or Grand Island, holder of a second mortgage on said promises - The balance of Forty Thousand & No /100 Dollars ($40,000,00) shall be paid in nine annual installments of Throe Thousand Five Hundred & No /100 Dollars ($3#500-00) each and the balance remaining on princi alt with accrued interest shall be paid February l# 1973 at which time the warranty dbed this date executed by the Sellers and placed in escrow shall be delivered to the Purchasers. The unpaid balance of Forty Thousand & No 1109 Dollars ($40,000.OQ) shall draw interest at the rate of $J$ per annum from February 1# 1963 on said amount and decreasing principal bal ces- As each annual installment of Three Thousand Fivthera�dshall Fi�� °b�°a�du�t�a3��°ef°0x�o)mith� aid to the escrow wont, Nt interest that has accrued and the balance shall be} applied on principal. Commencing with the year 1964# after the Purchasers have made their installment ayment Of Throw Thousand Five Hundred & N01100 Dollars ($3#500.00) the escrow agent shall cause to be paid to 3 4 -1.