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CONTRACT SALE
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<br /> ; . 241—PURCHASE AGREEMENT—Real Estate Tho Mutton. aonral Own'T II...., LinColn,Nebr.
<br /> August 15 t9 7 5 7--
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<br /> 1 . 76' 000303
<br /> Flower-Evans Company, Agents 1
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<br /> The undersigned, hereby agree to purchase the property hereinafter described,to•wit:
<br /> I 4( Lot 1, in Block 81, Original Town, Hall County, Nebraska, also known as
<br /> y, 301-305 West 2nd, Grand Island, Hall County, Nebraska
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<br />., subject,however,and on condition that the owner or owners thereof have a good,valid and merchantable title,in
<br /> ;1 fee simple and will agree to furnish abstract of title down to date of sale, and convey said premises by good and suf- i
<br /> l 11 ficient warranty deed. Deed to be held in escrow by Flower-Evans Co until the contract balance its:
<br /> The undersigned agree to pay for same,($39,000.00 ) paid in full.
<br /> 11 Thirty-nine Thousand and no/100 - Dollars,
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<br /> It on the following terms, to-wit:
<br /> II ($7800.00) Seventy-eight Hundred and no/1910 Dollars down payment.
<br /> ($3900.00) Thirty-nine Hundred and no/100 Dollars additional down payment to be paid „
<br /> 11 within thirty (30) days or at the time the title is approved. Purchaser is given 30
<br /> i' , days to have title approved by their attorney and settle in full for the down payment on
<br /> �( this contract. •The balance to be set up on a five year basis. At least $5000.00 to be
<br /> 1 paid on the principal a year plus interest at the rate of 8�r7. Interest to be paid 11
<br /> semi-annually. Option is given the purchasers to pay any additional amount on the
<br /> i, principal at any time or pay off the entire balance including interest at any time durinc 1i
<br /> il the time the contract is in force. If there is anmy balce due on the principal at the
<br /> 1 end of five years, balance to be paid in full including interest. !l
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<br />. BUILDING IS SELLING AS IS - Purchaser agrees to keep building insured if they accept11
<br /> ., 1 the contract sale in the amount of contract or enough to protect both the seller and
<br /> 1' purchaser to have the 80% Co-Insurance Clause. The first $5000.00 principal payment is
<br /> !! due August 15, 1976. 1!
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<br /> y All taxes for all prior years and including 1974 and any special assessments to become due or delinquent before
<br /> 1 this offer is accepted shall be paid by seller .
<br /> I; Current taxes shall be paid as follows:
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<br /> a1974 and all prior years taxes to be paid in full by seller. The purchaser to
<br /> assume all of the 1975 and ensuing years taxes.
<br /> All paving to be paid by the seller if any.
<br /> Said property to be delivered free and clear of all encumbrances,except as hereinabove otherwise stated.
<br /> If this proposition is accepted on or before the 15th day of August 19 75
<br /> the undersigned agree to close said purchase in accordance herewith and give possession on or before
<br /> _ days after abstract of title has been furnished for examination. The undersigned agree to furnish the seller a written
<br /> legal opinion showing defects,if any,in the title to the above described property. Rents, if any, are to be adjusted on i,
<br /> 1, and as of the day of closing.
<br /> Title to said properly to be taken in name or names,of:
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<br /> ' i Olson Furniture & Auction Inc.
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<br /> /' 0!'ON FURNIT1.1 1 A ION, INC.
<br /> t :. i'C�,."lid:�.::t�'/ t�f.<0., ",Purchaser II
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<br /> Purchaser 1Vitnessn -r,�.�',ZG-..0. .t.-` --0 '1-C ....
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<br /> it August 15 the gum of
<br /> t1 Accessed from Olson Furniture & Auction, Inc
<br /> ($ 7800.00 ) Seventy-eight Hurdred and no/100 - - - - - - - - - -- Dollars, to apply on the
<br /> i purchase price of the above described property on the terms and conditions slated above. it is further agreed and under-
<br /> !! stood that in case of any legal defects in the title which cannot be cured within a reasonable time after filing with us a
<br /> Ali'''. 11 written notice of such defect,the money hereby paid is to be refunded. In the event of the refusal or failure of the
<br /> 0. 1! buyer to cauumate the purchase,said deposit shall be retained as liquidated damages for failure to carry out said con-
<br /> ' ii tract of sale as herein agreed to. This receipt is given and offer to pi rase taken subject to approval and written
<br /> r j acceptance by the owner on or before the 15th day of as • at , 19 75 • In the event
<br /> the offer is not so accepted,the money deposited shall be refunded.
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<br /> ANS OJT4AiY
<br /> Cr ij t. ec=: ?::
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<br /> !i August 15 , 19 75
<br /> �! The undersigned do hereby accept the foregoing proposition on the terms above stated, and agree to execute the
<br /> conveyance upon the terms and condition above set forth. A ('
<br /> ' 1,-- 7,1,,,..„.l (" L kLeL) r11_ � ' 1.4r&..clr -..._-- Sella
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<br /> Seiler
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