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f: <br /> 4�t�, • •.,^� <br />�� ��' . , . r_ � � <br /> 76- 00568� <br /> INSTALLM�NT LAND SALE AGREEMENT <br /> � <br /> THIS AGREEMENT entered into between HAROLD N. SCHUETT <br /> and SHARON L. SCHUETT, each in his and her own right and as ' <br /> tne spouse of aach other and still as joint tenants, V�NDORS, <br /> f.��..4. � � � . . . . � . <br /> and LYLE L. BROWN and AUDREY L. BROWN, as joint tenants, <br /> ���z� � �VENDEES. � � <br /> ;', <br /> � Vendors are the owners of - <br /> i� � � � � � � � � � � <br /> { ', Lot Four (4), in Block Sixty-Two (62) <br /> in Wheeler & Bennett's Second Addition ' <br /> to the City of Grand Island, Hall County, <br /> �'� Nebraska, <br /> F ,; and hereby sell the said premises to Vendees and Vendees, jointly <br /> ., <br /> and severally, purchase and agree to pay for the same: ' <br /> 7= The price is Eight Thousand Dollars ($8,000,00), payable <br /> as follows: <br /> n;;; <br /> $1,000.00 in cash upon execution of this agreement, <br /> The balance of $7,000.00 is payable, with interest <br /> computed upon the unpaid principal balance at <br /> ' �' 10/ per annum in 120 equal monthly amortizing <br /> 'r:� payments of $92.51 per month. <br /> The first such monthly payment is payable <br /> October l, 1976, and the second and succeeding <br /> - $92.51 payments are payable on the first day <br /> - of each month thereafter until the full pur- <br /> t: chase price, with interest, has been paid. <br /> � Vendee shall ha��e the option to prepay, without pe�alty, upon the <br /> .�; <br /> ` unpaid principal balance but in amounts equal to the principal <br /> c-, <br /> portion or portions of the next succeeding amortizing payment or <br /> %: <br /> • payments. All paymettts shall be payable at Wolfe & Associates, <br /> G'� as Agents £or the Vendors. ' <br /> �: There is an unpa�d mortgage against said premises in the <br /> ; : amount of $4,000.00 and in favor of The Ec�uitable Suilding and <br /> Loan Association of Grand Island, Nebraska. The Vendors agree <br /> e <br /> to continue the monthly payments payable thereon and, further, <br /> agree that on or before such time as the Vendees have paid the <br /> full amount owing by them to the Vendors hereunder, that the <br /> Vendors will have such mortgage lien released. The Vendors <br /> -�:! :.�-:. <br /> agree that they will not permit said mortgage with The Equitable N '; <br /> Building and Loan Association to become in default. <br /> J � . <br /> �t <br /> The Vendors will have abstract of title to said premises a,�q ' <br /> � <br />� <br /> extended to date and will Eurnish the same to Vendees for title <br /> r3 , <br />_ J <br />