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<br /> 76� �� � � 1 � f�'j AGRLI'sliL'NT I�OR SALG OF REAL PROPERTY
<br /> This agreem�nt is entered into between Nellie Cumminge
<br /> and , each in itis or her own right as the
<br /> vendor ( s ) and Glen V . Lorance and Annette M . Lorance
<br /> each in his or her own right as the purchaser ( � ) .
<br /> The vendor ( s ) se11 and purchaser ( s ) AGRE� TO BUY : Lot Ten ( 10 ) in West �
<br /> Lawn , and addition to the City of Grand Island , Nebraska .
<br /> togethet with all appurtenances thereunCo belonging and now tliereon subject to any building
<br /> restrictions or easements of record against such property ( real ) on the date of this agree-
<br /> ment .
<br /> The purchaser ( s ) AGREE to pay for such real property the aggregate sum of Thirty Two
<br /> Thousand Pive klundred and ) ) / 100 --- Dollars , ( $ 32 , 500 . 00 ) payable as Lollows :
<br /> � One Thousand and 00 / 100 ------------ Dollars , receipt of which is hereby acknowledged ;
<br /> - ' 'h�ro Thousand and 00/ 100 - ----------- Dollars , on or before October 31 , 19 74
<br /> and the balance ofltuenty Nine Thousand Pive Hundred 00/ 100 - Dollars , with interest , at � the
<br /> rate of seven & one half per cent ( 7 =2 % ) per annum , to Ue paid at the office of
<br /> ' BAKER REALTY at 110 North Cleburn Street-Grand Island , NB 68801 +
<br /> �, ,
<br /> or at s�ich other place as the vendor ( s ) may hereafter designate , in writing , in monthly
<br /> installments of $ 206 . 27 , commencing on December 1 . , 19 74 ,
<br /> and on the first day of each month thereafter until such purchase price
<br /> and the interest thereon shall be paid in full . Payment figured on a 30 year payment
<br /> schedule and balance to be paid in full on P;ovember 1 , 1984 .
<br /> '�
<br /> �'i The purchaser ( s ) shall have the privilege , on any installment payment date hereunder , of
<br /> �� paying the unpaid balance of such purchase price and interest thereon to the date of such :
<br /> payment , and advances , if any , made by the vendor ( s ) for taxes or insurance , with interest
<br /> i' thereon , to date of such pa�menY. .
<br /> It is expressly stipulated and agreed tha .*_ the vendor ( s ) will submit herewith to the purch-
<br /> aser ( s ) an Abstract of Title , certified to date and that the purchaser ( s ) shall inform the
<br /> vendor (s ) within ten ( 10 ) days from the date of thi � contract as to the opinion of the
<br /> attormey for the purchaser ( s ) regarding the merchantibility of the title of the vendor ( s )
<br /> to such real property as shown by such Abstract oE Title . (Title has been approved as of
<br /> the date of execution of this contract . )
<br /> The vendor ( s ) further agrees upon the execution of tltis agreement by the parties hereto to
<br /> place in ESCROW with such BAKER REALTY , together with a
<br /> copy of this contract , a Warranty Deed conveying such real property to purchaser ( s ) , Free
<br /> 4 ' and clear of encumberances except the no exceptions and subsequent
<br /> real property taxes and any building restrictions and easements of record to date of this
<br /> agreement and further subject to any encumbrances and liens incurred by or permitted thereon
<br /> by purchaser ( s ) , and the vendor ( s ) upon payment by the purchaser ( s ) in full of the purchase
<br /> price , interest and advances , if any , by vendor ( s ) for the taxes or insurance (where neces-
<br /> sary ) with interest . Escrow fees shall be paid one-half by vendor and one-half by vendees .
<br /> If it becomes necessary to appoint a successor escrow agent the Commercial National Dank and
<br /> ` Trust Company is designated escrow agent .
<br /> The vendor ( s ) agree to pay the required real estate transfer r3x Whnn rhP � �a �t :� �tal ; yarPri
<br /> i and authorize the escrow agent to pay for such transfer tax out of the monies of vendor ( s )
<br /> F in his hands .
<br /> It is FURTHER AGREED THAT : purchaser ( s ) shall be given possession of such property ( real ) on
<br /> October 31 , 19 74 , provided , however , payments of the total sum of
<br /> $ 3 , 000 . 00 as herein provided for has been made by the purchaser ( s ) . Vendees
<br /> agree they have inspected the improvements on the premises and accept the same in their
<br /> present condition , further agreeing they have not relied on any representations made by �
<br /> vendor or her agents .
<br /> The purchaser ( s ) FURTHER COVGNANT AND AGREE : to pay annually all taxes and assessments
<br /> that may accrue , or be levied upon this contract at the interest of the vendor ( s ) therein
<br /> � as they 6ecome due and before they become delinquent , including 19 74 and 19 75 real
<br /> property taxes ; to keep the buildings , if any , on such real property insured against loss
<br /> by fire and extended coverage for the sum of $ 32 , 500 . 00 (where applicable ) , loss
<br /> if any , payable to the parties hereto as their interest may appear ; that if the purchaser ( s ) �
<br /> shall fail to pay such taxes and assessments , or procure such insurance ( if necessary ) and ' � -A �
<br /> the sum or sums so advanced , with interest , at seven & one half per cent ( 7 '1 % ) per N ";, .
<br /> i ' annum shall be paid to vendor ( s ) and this contract shall secure the payment of same . The � � ;
<br /> insurance policies provided for herein or proof of such coverage shall be held by the escrow
<br /> agent and proof of L' imely payment of premiums shall be furnished escrow agent before cancella- � l;
<br />�r � tion . Escrow agent shall notify vendor of failure of vendees to keep taxes and insurance �
<br /> �' premiums paid before delinquent .
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