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A0:3EU",IT XX SALu OF REAL ESTATE THIS AGREc1,W, entered into this,_;� day of October, 1961, between Otto Schultz and �3ora Schultz, husband and wile, of the first part Ballad the Sellors and Vernon Johnson and - ?rt, Johnson, husband and wife, f' of the second part, Balled the Buyers. ' ITPik aS 8TH s That inconsideration of the rutual promisee and .ovenanta and conditions betwe+4n both parties harato as he einafter set forth, Sellore agree to sell and convey to the Buyers, and tha Buyers agree to purchase and do hereby purchase the following described real estate, to -wits The North One Thousand One Hundred Eighty Eight Feet (N 1188+) of the West One -half ('d 1/2) of the Southwest ;�uartar (3W,) of Section Twenty -seven (27), Township Twelve (12) north, Range Eleven (11) west of the 6th P. M. Hall county, Nabraska, together with all singular tenanents and cereditarent3 and appurtenances thereunto belonging or in anywise appertaining, and specifically included are all buildings, fences, gates, tank and windmill new on said prer-ise3. Buyers agree to pay sellors as consideration for said premises the swn of Fourteen Thousand Dollars (�1G,000,co); v1,)4CC.00 of which is to be paid on the signing of this agreerent and ra,.,aipt of whi..h '_3 Fareby acknowledged, and the balance of said principalfsum of $12,600.00 to be pail: as follows: ;2,600.00 on de livery of possession and deed in escrow; $75.00 per Month connencing PToveniber 1, 1961 and on the 13t day of each and every »onth thereafter until the entire principal sum with interest shall be fully paid. The unpaid principal balance shall bear interest at the rate of 51 kper annum payable monthly on the 3are date as the OrAncipal and shall be included in said principal payl.,ont of $75.00 per ,conch. It is understood and agreed that said $75.00 per month shall be first applied to the interest due under this agreement and then to the principal. Failu_e by the buyers to pay said sum of $75.00 per month shall cause the entire principal balance to becore due and owing at once and waiver of ore such payr:ent shall not constitute a forfeiture of any subsequent failure to make paynents. In the event of default by the Buyers aforesaid, the Sellor3 shall give the Buyers 90 days notice of such default by Mailing such notice to the Buyers by registered r..all to the Buyers last known address; and 3e110r3 shall be entitled to have such dead and abstraot redelivered to them and the Buyers agree to vacate and -1- 47