|
..
<br /> 76- 000657
<br /> AGREEMENT
<br /> ` .
<br /> THIS AGREDEaT, made,:andentered into this //n'. day of August 1975, by
<br /> -.' and between Mary R. Kuta, Party of the First Part, and Clyde K. Wooten and Alice
<br /> N M. Wooten, Parties of the Second Part. •
<br /> That said Party of the First Part has this day sold and by these pre
<br /> f'- sents agrees to sell and convey to the Second Parties, the following premises,
<br /> to-wit:
<br /> The SoutherlyEighty-Eight (88) feet of Fractional Lot Eight (8) .
<br /> in.Fractional Block One Hundred Forty-Four (144) in Union Pacific
<br /> Railway Company's Second Addition, and its complement, to-wit:
<br /> Fractional Lot Nine(9) in Fractional Block Twenty-Nine (29) in
<br /> Russel Wheeler's Addition, both being additions.to the city of
<br /> Grand Island, Nebraska, being a rectangular tract of ground
<br /> having a southerly frontage of Sixty-Six (66) feet on Tenth
<br /> Street, in said city and depth of Eighty-Eight(88) feet, in
<br /> Hall.County, Nebraska.
<br /> • together with all appurtenancesthereto belonging, for which the Parties of the
<br /> Second Part hereby agree toay the sum of Eighteen Thousand Five Hundred and
<br /> No/100's'Dollars ($18,500.00), payable as follows:
<br /> Two Thousand and No/100's Dollars ($2,000.00) will be paid
<br /> down, receipt whereof is hereby acknowledged. With the re-
<br /> mainder of Sixteen Thousand Five Hundred and No/100's Dollars •
<br /> ($16,500.00) with interest of 9% per annum, payable as follows:
<br /> $138.47 on-or before the 1st of September, 1975, and on or'before the 1st day of
<br /> each:month thereafter until said sum of principal and interest at 9% shall have
<br /> been paid in full, from each payment when made there shall be deducted the interest .
<br /> x• on the balance or the principal sum unpaid and the balance remaining shall.be
<br /> credited upon the principal. In addition to the Second Parties agree to pay an -
<br /> additional sum of 1/12th of the yearly taxes and insurance each month in an escrow
<br /> account. Should the 1/12th tax and insurance payment not be sufficient to take
<br /> care of the real estate taxes or insurance payment, second Parties shall pay the
<br /> difference on demand, in event said sum shall be'in excess of said real estate
<br /> taxes, or insurance payments, the balance shall be credited on the principal.
<br /> The escrow agent, provided said payments are made, assumes the responsibility
<br /> of paying the taxes before they become delinquent, and the insurance before it
<br /> lapses. The First Party agrees to pay all the taxes and any other assessments
<br /> against said real estate up to and including the 1974 taxes and all prior years,
<br /> and the 1975 taxes pro-rated to date of possession. The Second Parties shall
<br /> pay all taxes and assessments thereafter.
<br /> It is agreed that the Second Parties have the right to pay off any part
<br /> of this loan at any time or all of it at any time without penalty. However, any
<br /> part payments should be in multiples equal to the next succeeding principal por-
<br /> tions on the amortization table. However any assessments that may be assessed
<br /> against the property from this date forward is the Second Parties obligation.
<br /> The Second Parties agree to keep the property insured for fire, wind-
<br /> sotrm, and Extended Coverage with a loss payable clause in favor of the respective
<br /> parties-as their interest may appear, for the sum of $18,500.00 and at all times
<br /> to carry sufficient coverage to cover the balance owing.
<br /> The following non-real estate items are to stay with the property: •
<br /> attached fixtures, and every-thing in and on the property as it stands today
<br /> which belongs to the First Party.
<br /> ,: It is agreed that a termite inspection shall be made on this property
<br /> and if live termites are found in the house or dwelling they shall be treated at
<br /> the. sellers expense. The cost of the inspection shall however be made at the '
<br /> buyers expense.
<br /> A copy of.this contract together with Warranty Deed to said premises
<br /> with general covenants of warranty, original insurance policy and abstract of
<br /> title,shall be deposited withtheWinkler Realty Co., of Grand Island, Nebraska,
<br /> as escrow.agent with instructions to deliver said Deed, insurance policy, and
<br /> abstract of title to the First Party. The Revenue Stamps upon the said Deed shall 't
<br /> be deducted from the seller's receipts at the end of the transaction.
<br />
|