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<br /> �4 � i " ^ ' installment . being, due' and paya3le o .^. �
<br /> �� : `�� January 31 , 1978 , with a like payment
<br /> � � ;_ the last '. day o £ each rnonth thereafter
<br /> ,��� ., for TRANSFEROR ' s life ;
<br /> �') ,:
<br /> eA�rF4: � . . . . . . . .
<br /> � `� � ' 4 : The parties agree that taxes , insurance and
<br /> �� } rentals shall be prorated as of the lst day
<br /> � ; of January , 1978 , and that TRANSFEREE sha11
<br /> � pay a11 expenses in connection with the title
<br /> � '�" ' " examination as welt as all recording fees ;
<br /> Ar . . µ.�� � . . .
<br /> f;� . ` 5 . In exchange for TRANSFEREE ' s absolute promise
<br /> �,, to pay TRANSFEROR for the remainder of his
<br /> }^` ` life the said annuity of $ 3 , 533 . 6R monthly ,
<br /> �Y - it is fully understood and agreed that
<br /> M.� TRANSFEREE sha11 have the full and free
<br /> 7 �" use of said property and that same shall
<br /> "r be free of any claim of TRANSFEROR or his
<br /> ;�, estate ;
<br /> ,`. .
<br /> ;., "
<br /> e;. 6 . Ttiat by virtue of the £ollowing : " �
<br /> � ' a - the inherent nature of a private �
<br /> i `' annuity itself ; !.
<br /> , ,
<br /> 3y b . the consideration of TRANSFEREE
<br /> , .,
<br /> ; ' agreeing to pay such annuit for
<br /> � , ' an indeterminate time ;
<br /> }'� , • any and all obligations of TRANSFEREE to make
<br /> , � annuity payments shall cease and terminate
<br /> j . upon TRANSFEROR ' s death and such anniiity shall ;,
<br /> (1 not inure in favor of TRANSFEROR ' s spouse , if 4
<br /> � s ,
<br /> ` any , surviving him ; {
<br /> � . , 7 . Cl. osing herein shall consist o� TRANSF �ROR
<br /> � ;.
<br /> � deliverin the deed to TRANSFEREE u on
<br /> , �. : g p �::�
<br /> {�; TRANSFEREE providing TRANSFEROR with a
<br /> iy , � , ' fully executed copy of the within agreement
<br /> and full settlernent of the first month ` s ;
<br /> �' ° - installment on the fixed annual sum . !
<br /> � � Practical difficulties , including holidays
<br /> , ` and the difficulty in obtaining the signatures
<br /> 1��. , . :; of parties living in different portions of the
<br /> - country , as well as delays occasioned by
<br /> � .�. •. referring to different sources for figures
<br /> � used in computations , such as mortgages ,
<br /> i , depreciation and the Iike , prevented the
<br /> agreement from being executed on or before
<br /> the effective date of January 1 , 1978 . It
<br /> ��; ' . . ' is , nevertheless , the intention of the parties
<br /> � ' �'' ' ` ttzat the effect ive date of this agreement be and
<br /> ,� , is January l , 1978 , and in connection herewith ,
<br /> �r TRANSFEROR agrees to account to TRANSFEREE for
<br /> � , � " ` all rents received for the month of January 1978 •
<br /> � : '" so that TRANSFEREE may determine the balance due
<br /> �„nw ;, ' on the first instal2ment . Closing shali take
<br /> r�,*., , `- place at the law offices of Sam Grimminger , 205
<br /> ;, � � West lst , Grand Island , Nebraska , on or before
<br /> ;,�.; `.'�> January 29 , 1978 .
<br /> +�� '
<br /> � Y , This agreement shall inure to the benefit of and shall be .
<br /> � �s ,
<br /> � ; '? i ` � binding upon TRANSFEREE ' s heirs and legal representatives . : �
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