|
;�� .
<br />� �
<br />;;
<br /> 76- (10?.l.'7`7
<br /> :his agreement is entered into between �+'illiam M. Stenger
<br /> And 6ernice e Sten�;ei' _cach in his or her own right as the vcndor(::)
<br /> and Glen V. Lorance and Annette A!. Lorance
<br /> each in his or her own right as the purcha.^.c�r(s). �
<br /> The vendor(,) sall and the purchaser(s) agree to buy:
<br /> Lot 5 BZock 9 Windolph`s Addition to the city of Grand Island, Nall County, Nebraska
<br /> together with all appurtenances thereunto belonging and now thereon subject to any Luild-
<br /> ing restrictions or easements of record aqainst such property (real) on the clate o� this
<br /> agreemont. �
<br /> The purchaser(s) aqzee to pay for such rca2 property the aggreaate sum of Twenty-nine
<br /> Thousand and 00/100 Dollars (;29,000.00 ) pa���ble as Yolloros:
<br /> Seven T ousand and 00/100 Dollars, receipt of which is hereby �cicnovledgc�d:
<br /> ;��00.00 on or Lefore Auy;ust 13 . 191„j__nnd Lhe i�alance
<br /> o: S z2.���•�� with interest, at the rate of Seven and thre�.qdrr_�r _
<br /> per cent ( � 3 9 `%) per annum, to Le pnid at the office of Daker Rea.ltu _
<br /> at 110 North CZeburn Street in Grand Island NF
<br /> . or at such other place as the vendor rray hcreafter desi9nate in c��ritiny, in ;r;onthl� in-�
<br /> � commencing on S emhc�r t � 19�,3,+ and on
<br /> stalLnents of S 1G6.18 �
<br /> the lst day of each month therafter until such purchasa price and the
<br /> interest thereon shall be paid in fu11. `!1ze terL of thi� contract sk:ct71 Le 25 years.
<br /> Y'he purchaser(s) shall have the privilege, on any instalIment 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 hy vendorfs) for taxes or in.urance i+ith interest
<br /> � thereon to date of such payment.
<br /> �;,' It is expressly stipulated and ayreed that the ��endor(s) cei11 suLmit herewith to the
<br /> purchaser('s) �n abstract of title certified to date and that the purchaser(s) shall in-
<br /> form the vendor(s) �oithin ten (10) daus fron tt�e date of this contract as to the oPin�vn
<br /> of the attorney for thc puzc!iaser(s) rcaardin9 tl:e merchantibiiity of the titic of the
<br /> vendor(s) to such real property as shoirn f�y such aL.^,tract of title.
<br /> �
<br /> �. The vendor further agrces upon the er.ecution fo this a9zcernent by the pittics t:ezcto to
<br /> place itl ESCRO(4 �rith such DAKER REALTY , tay��Chcr
<br /> � i�itt7 a copy of this contract, a i�arranty c7eed cer�veyirrr� sach rc•al property to purchascr(s)
<br /> t and suv-
<br /> free and clear of encunbrances except tl:e no exceptions
<br /> ` seyuent real property taxes and an� Luildin_q restrictions and casements et record i•o date
<br /> t; of this aqreement anc7 furthcr subject Lo any encwr.l�rances and liens incurrcd by or perm-
<br /> � .•'rted theron Ly purchaser(s), and the vendor(s) hercin hereby autl;ori2e such escroc:•
<br /> ayent to de2iver such caarranty deed to the purchas�r(s) upon payment b�/ the purchaser(s)
<br /> ;r. Fu11 of the purchase price, interest and advances, if any, by vendor(s1 for taxes or
<br /> insurance (where necessary) is�ith �nterest.
<br /> � Thc vendor(s) agr.ee to pa� the required real est�te transfer tax �,�hen the deed is deliv-
<br /> e: ered and authori�e the escrow agent to pay tor such tran�fez tax out of the monics of
<br /> ' vendor(s) in his hands.
<br /> IT IS FURT/fER AGREED THAT purchaser(s) sha11 L� givr_n rossession of such ^roperty (real)
<br /> on August 13, , 19 73 , provided,however, payment of tl�c total ::um of
<br /> S �.000 00 as herein provided for has been m�de by the purchaser(s).
<br /> �he purchaser(s) further covenant and agrec: To p�y annually a11 tlxes c�r.d as=essrents i
<br /> that ray accrue or bn_ levied upon Lhis contract or t:.�e ii�ter�_st oI the vendor(:�) th^rein ,".c�,� ,
<br /> as the� become due and befom thcy L•ecome delinquent, including 1972 ��nd 19_73 real Y
<br /> N
<br /> property taxes; to l:cep the buildin_qs, if any, or, such x�cal property insured aqainst � �
<br /> ioss by fire and extended coverage for the sum of 5 i0 000.00 (whes�u npPl�ci6le)
<br /> �C
<br /> loss if nny, payable to the parties hereto as tt:cir intcrest may �ppc.ir; Lhat- ii tha �, ;
<br /> r:.:�tchnser(s) sl�all .ail to pay scch taxes or nssessm�nY..^, oi• E�rec:ure such insur�:�n�� (if �
<br /> z r,c�cessaryl, tl,e venclor(s) ruay yay such t,�xes or <�s:;e:;sments oc procurr :;uch insu::�nco
<br />�..
<br /> a�,;;� !i: nec�s;an/) and tl�e sum or sum:; ::o �dvanced, ��ith intorest ut n/a ____
<br />�cw
<br /> '� perr cent ( n a "�) per nnnytm shall 1;r_ p�id to v�ndor(s) and tl�is c,•ontr.zct shall ,:ccvro
<br />'-'`,<'� :i:n t,.�u;:cv,t c�� Lhr .ar;c.
<br /> _�
<br />�'� ' �
<br />` f
<br /> . �
<br /> :.�
<br /> �
<br /> i
<br />
|