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<br /> VALUL uNDLR ;••-•24.),003 10 NDIViDUALs, 7
<br />' CORPORATE AND OTHER PURCHASERS
<br /> 76- 000300
<br /> AGREE/0I:N1, mode on or as of the L day of tT9rtGt�y 197 ,_,
<br /> '''4,,, by .ond between. the Urban. Renewal Authority of the City of Gfond Island, - - -
<br /> Nebraska, a publicbody, corporate and politic, which together with any
<br /> wccessor public body or officer hereafter designated by or pursuant to law, is
<br /> . hereinafter called "Seller'', having its office al P. O. Box 127, Yoncey Hotel,
<br />,,1:.`',,r'''2,'••"; in the City of Grand Islond, Nebraska, hereinafter called "City", State of
<br /> Nebraska;,and Kelly Well Company, Incorporated
<br /> r on individual(s), hereinafter called "Purchoser" residingat 6]7 La —!'____
<br /> �. . � ~61.7 Ease 7th Street
<br /> in theCityof County of Hall , and
<br /> Grand Island __--- State
<br /> of Nebraska , WITNESSETH:
<br /> }r
<br /> WHEREAS, in furtherance of the objectives established pursuant to Sections
<br /> z' 18-2101 through 18-2146, RRS 1943, of the State of Nebrosko, hereinafter called
<br /> '� "Community Development Law", the Seller has undertaken a program for the
<br /> , clearance and reconstruction or rehabilitation or slum and blighted areas in the
<br /> c' City, and in this connection is engaged in carrying out an urban renewal project.
<br /> known as the Grand Island Neighborhood Development Program, Nebraska A-2, for
<br /> which the Urban Renewal Plan, dated July, 1972 and opproved by the Urban
<br /> Renewal Authority on September 19, 1972 by Resolution, is recorded in the Office
<br /> of the Registrar of Deeds of Holl County, Nebraska, in Book No. 27 of
<br />'ll Miscellaneous Records at Page 161-179 and v hereos the Seller has offered to sell
<br /> and the Purchoser is "-willing to Fiurcnase certain real property located in the project
<br />(" area and, more particularly described as:
<br /> r
<br /> See Exhibit "A"
<br /> and to develop or rehabilitate the Property far and in accordance with the uses
<br /> specified in the Urban Renewal Pico and provisions of leis /-cueerzient_
<br /> NOW, THEREFORE, in consicarotion of the premises and mutual abliactsons of
<br /> the parties hereto, each of thorn does hereby covenant and agree with the other
<br /> os follows:
<br /> SECTION I. SALE: PURCHASE. PRICE.
<br /> Subject to all the terms, covenants, and _
<br />�.+ concrtrar,s of 'hrs ;-,arccrr nt, ti,c
<br /> Seller will sell the Property to the Fur cl-aser for, and rhe Purchaser wiIl purchase
<br /> r� ,
<br /> the Froperty from the Seller and pay therefore, ',he or:ount of One Tiscusar.d
<br /> ,!, Two Hundred ir,irty Nine and no/100 Dollar f j t .239.0.6 ------- --
<br /> - be pale in cosh . cc°rtifred check, ar by
<br /> Pi hcreinefter colied "Purchase Price", to ;
<br /> isuch check as shall be satisfactory to the Seller.
<br /> SECTION IL CONVEYANCE OF PROPERTY.
<br /> A. Form of Deed_ The Seller shall convey to the Purci:user title to l'ne
<br /> Property by Warranty Deeds, hereinafter called, collectively, "Deed". The c_an-
<br /> veyance and ;ilio ;roll, in addition to the provisions of Section XV. C. 3. of
<br /> this Agreement and all other conditions, covenants, and restrictions set forth or
<br /> referred to elsewhere in this Agreement, be subject to:
<br /> 1 The Urban Renewal Plan.
<br /> 2. Easements and restrictions of record and/or exceptions as
<br /> follows: -
<br /> 8. Time ono Place for Delivery of Deed. The Seller shall deliver the
<br /> Deed and possession of the property to the Purchoser on January 19, 1976. - -,rr z.
<br /> , or on such earlier tate os the pasties hereto may r:utually ,_
<br /> agree in- "-.rhina Conveyance shell be rr,ade at the princif>al office of the Seller r?
<br /> a .: ri
<br /> and the Purchaser shall accept the conveyance a,-,d pay the Pu;chase Price to the k-
<br /> tD Seller at such time and place. 'r _
<br /> C. Apportionment of Current Taxes. The Seller will pay all real property
<br /> :cos and assessments which are a lien as of the date of the conveyance of title
<br /> r by the Seller. Taxes for the year 1976 shall be pro-rated to the dote of the
<br /> • .
<br /> rn:session hosed upon the c:enerol ta>c•s for the prc•cedinc yr-or.
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