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�o z m � X� 0O �� fV Q� � m � mm O �D fll o � � v�i n� � � zm N m o �n, �y �o � �1 �O 0 0 D z ' m � D i � � � � �w� �O ZD � � �z O o I DC �� 2D� � � �G� xm mcmi p D r(DA p C � I�� o cn � � � � o°m p��p �-� z � p� � � � O Z O SPACE ABOVE THIS LINE FOR RECORDER Prepared By:Daniel J.Waters.,LAMSON,DUGAN and MURRAY,LLP,10306 Regency Parkway Drive,Omaha,NE 68114 LAND CONTRACT THIS LAND CONTRACT ("Agreement") is made and entered into effective this lst day of September, 2013, by and between RICHARD D. GILLHAM and BARBARA M. GILLHAM, Husband and Wife (collectively "Seller"), and DOBESH LAND LEVELING, LLC, a Nebraska limited liability company("B�"). 1. Sale. Seller agrees to sell, and Buyer agrees to purchase, certain real estate, including all buildings, structures and improvements thereon, appurtenances, fixtures, hereditaments, privileges, minerals and mineral rights and all other rights thereto in their current conditions with no exceptions, which is legally described on E�ibit "A" attached hereto and incorporated herein by reference ("Pro e "), and which is generally known as 3700 West 2"d Street, Grand Island, Nebraska, 68803, subject to the remaining terms and provisions of this Agreement. 2. Purchase Price and Manner of Payment. The purchase price for the Property shall be Four Hundred Thousand and No/100 Dollars ($400,000.00) ("Purchase Price"). The Purchase Price shall be payable by Buyer to Seller pursuant to this Paragraph 2. On or before September l, 2013, Buyer will pay Seller the sum of One Thousand Six Hundred and 00/100 Dollars ($1,600.00) in cash or its equivalent. On or before January 1, 2014, Buyer shall pay Seller Seventy-Eight Thousand Four Hundred and 00/100 Dollars ($78,400.00) in cash or its equivalent. The net remaining Purchase Price, equal to Three Hundred Twenty Thousand and 00/100 Dollars ($320,000.00), shall be paid by Buyer in cash or its equivalent in seven (7)annual installments as follows: Interest shall accrue on the unpaid balance of the Purchase Price at the fixed rate of four percent (4%) per annum beginning September 1, 2013 until the Purchase Price is paid in full. Beginning on October 1, 2014 and continuing on the first day of each October thereafter through October 1, 2020, Buyer shall pay Seller equal annual payments of the remaining Purchase Price together with all accrued interest on the unpaid balance of the Purchase Price pursuant to the amortization schedule attached hereto as E�ibit "B". Buyer shall pay Seller the entire unpaid Purchase Price plus accrued interest thereon by October 1, 2020. Buyer may prepay the balance due under this Agreement in whole or in part without premium or penalty. 1