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� � � y '''�` ''� CONTRACT �$-'002780 FOR SALE OF REAL ESTATE � THIS AGREEMENT rnade and entered into this �7 day of�6 �/, �q7g, by and between Jungclaus Enterprises, Inc. , herein called the "SELLER", and Twylene L. Abbott, herein called the ^BUYER." WITNESSETH: That: 1. SELLER for and inconaideration of the price herein specified, and the covenants, � � + promises and agreements on the part of the BUYER herein contained and made agrees � hereby to sell and convey to the BUYER subject to and upon each and all of the terms, i t conditiona and provisions of this Agreement, and BUYER, in consideration of the premises ' � heieby agrees to buy the real property eituated in the County of Hall, State of Nebraska, � � hereinafter referred to as the Property, described as follows: a Lot Two (2), Block Twenty-six (26), Russell Wheelera ; ' :�ddition to the City of Grand Island, Hall County, Nebras3ca. � � together cv� t: .+11 tenements, hereditaments and appurtenances thereto belonging. i 2. . . ' . � �r-+-•�.+..v,. � That the total price at and for which SELLER agreea to convey and BUYER 9 � � '�.�seea to buy the Property is the sum of Thirteen Thousand, Five Hundred and No/100 f Dbllars ($13, 500. 00), payable as follows; i `. A. Three Thousand, Five Hundred and No/100 ($3, 500. 00) Dollars to be = paid at time of cloaing on this contract. I , � B. The balance of Ten Thousand and No/100 ($10, 000. 00) Dollare will bear + interest at the rate of 8 per cent from settlement'date (amortization , schedule atLached) and payment to be made as follows: i j � � 1. The payznents to be paid on the basis of One Hundred, Eighty (180) 'equal instailments of Ninety-five and 57/100 {$q5. 57) Dollars per f moath (intereat and principa.l). Each payment shail be first credited � oa interest then due and the remainder on principal. - 2. Firat payment of Niaety-five and 57/100 ($95. 57) Dollars to be made May 15, 1978 and on the fifteenth (15th) day of each and every month } thereafter until this Contract is paid in full. Payments shalb be � considered delinquent if not paid within seven (7) days from fifteenth day � � of the month. and thereafter the entire unpaid balance shall bear interest j at the maximum legal rate of interest. In addition, monthly payment ��<:"�'"" ` ;!� : � shall include one-twelvth(1/12) of the annual property taxe s in the amount # ! of Twenty-four and 56/100 ($24. 56) Doilars for the 1978 taxes for� J � : t a total monthly p�yment of One Hundred Twenty and 13/100 ($120. 13) �' ` ,° �: 5. Dollars. The property tax paysnent will be held in eacrow by Century 21, ' �'� " a Wolfe & Aeaociatea for payment of the taxes when they come due. This <?..;: ;` �. . .,�,, > property tax payrnent will be indreased based on any increase in the taxes oyer the 1977 tax base of $294.72• J :� __:_..._.„�-, _