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The unpaid balance of principal to draw interest at the rate of 61, per annum from and after July 1, 1963, such interest to be payable on the lst day of March, 1964, and annually there- after in addition to the principal payment. The - Purchasers shall have the option and privilege during the 1st three years of this contract and agreemenc of paying, in addition to the annual payment, an additional su_m on the prin- cipal of up to 201a of the then remaining unpaid balance of prin- cipal and thereafter shall have the privilege and option of paying all or any part of the then unpaid principal balance on any interest paying date. The Vendor agrees that she will submit to the Purchasers for examination an abstract of title covering the above described real estate certified to date and that the Purchasers shall have 10 days from the date of the delivery of such abstract within which to approve the merchantability of the title of the Vendor in and to such property. The Vendor further agrees that upon the payment to her, her heirs or assigns, of the full purchase price together with interest and advances, if any, for taxes or insurance, that the Vendor will again have such abstract of title certified to that date to show merchantable title to such real property free of any encumbrances or lies incurred by the Vendor, but subject to easements, and rights of others as of the date of this contract, and further subject to all encumbrances and liens incurred or permitted on such property by the purchasers, their heirs or assigns. The Vendor further agrees that upon the execution of this contract and agreement by the parties hereto to make, execute and place in escrow with the Grand Island Trust Company, Grand ,Island, Nebraska, together with the abstract of title and a copy of this contract, a warranty deed executed by her and by