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<br /> � � '1 The Parties of the First Part promise and agree to make ,
<br /> execut+e ; and place in escrow : a ' warranty deed to said pre -
<br /> mises; wifh general covenants of warranty except public rads
<br /> s and easements of xecord , with the - grantees ' namodas . "John Cler
<br /> ' and Esther Cler , his wife , as joint tenants and not as tenants
<br /> � � in common" and . denosit the same in escrow i�ith the First - Nationalgank,
<br /> Grand Island , Nebraska , together t�rith � a copy of this contract ,
<br /> �aith instructions : to said escrow , agent to deliver said deed
<br /> to - the Second Parties when this contract sha11 have been com-
<br /> plied �sith ; a - copy or said contract snall be deposited with
<br /> said deed and the Parties or the Second Part are to pay all
<br /> principal and interes �k payments to said First TIational Bank
<br /> of :Grand 7sland , Nebraska , which is to endorse said payments on
<br /> ; : said contract . .
<br /> The First Parties agree that rrhen possession is delivered
<br /> in accoxdance with this agzeement they will r�ake , execute and
<br /> deliver - such instruments as may be required by . the Union Pacific
<br /> � Railroad Company to cover the railroad right - of -way lease .
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<br /> The First Parties agree to pay all general real estate
<br /> taxes and special assessments , if any , against said real
<br /> estate up to and- including the general real estate taxes for
<br /> 1963 ; and the Second Parties are to pay the 1964 real_ estate
<br /> taxes and any special assessments that mey be levied thereafter .
<br /> From the last payment on this contract are to be paid the
<br /> � revenue staiups upon the ti•rarranty deed .
<br /> The Parties of thP Second Part have examined said prop-
<br /> erty and }�ow its present condition . The First Parties are
<br /> to maintain the property in its present condition to the date
<br /> , - of possessi �n , except for minor changes and Second Parties
<br /> accept ihe property in its present condition .
<br /> Parties of the First Part agree to furnish to the Second
<br /> Parties an abstract of title shoi•ring a marketal�le legal title
<br /> to said premi. ses to be vested in them , excebt easements of re -
<br /> cord , forthwith and only once during the term o � this contract . F; ti
<br /> Second Parties shall have a reasonal�le ' time within which to have
<br /> \1 said abstract examined , and the First Parties shall have a reason- ��
<br /> able time withir. which to correct any defects �•rhich may render
<br /> the title not marketable . Vlhen the abstract has been approved
<br /> by Second Parties , such abstract shall be placed in escro�•r with
<br /> the First National Banl: of Grand Island , ilebrasKa , along with
<br /> the deed .
<br /> The Parties of the First Part promise and agree to pay
<br /> any mortgage or mor+gages no�•r upon said premises on or before .
<br /> the . Second Partie� shall be required to make the � 30 , 000 . 00
<br /> payment .
<br /> First Parties shall hereafter in no manner �ahatsoever place ,
<br /> or cause to be placed , any liens or encumbrances against said
<br /> property .
<br /> The parties hereto agree � that time is of the essence oi
<br /> this . contract , and in the everit the Second Parties shall fail ,
<br /> neglect , . or refuse to pay the ;� 30 , 000 , 00 prompily when due ,
<br /> the First Parties may , at their option , retain the do�•m pay-
<br /> ment of � 10 , 000 . 00 , which sum is not,r agreed upon bete•reen the : c , �, ,
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