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or Tammy S. Daws at 4019 Zola Lane, Grand Island, Nebraska 68803. 201508458 Unpaid principal after the Due Date shown below shall accrue interest at a rate of 6% annually until paid. The unpaid principal and accrued interest shall be payable in monthly installments of $266.45, beginning on October 1, 2013, and continuing until September 1, 2018, (the "Due Date "), at which time the remaining unpaid principal and interest shall be due in full. All payments on this Contract shall be applied first in payment of accrued interest and any remainder in payment of principal. If any payment obligation under this Contract is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Seller. THE BORROWER UNDERSTANDS THAT THE PAYMENT OF THE ABOVE INSTALLMENT PAYMENTS MAY NOT FULLY AMORTIZE THE PRINCIPAL BALANCE OF THE CONTRACT, AND THEREFORE, A BALLOON PAYMENT MAY BE DUE ON THE DUE DATE. LATE PAYMENT CHARGE. The Buyer promises to pay a late charge of $35.00 for each installment that remains unpaid more than 10 day(s) after its Due Date. This late charge shall be paid as liquidated damages in lieu of actual damages, and not as a penalty. NON - SUFFICIENT FUNDS. The Buyer shall be charged the maximum amount allowable under applicable law for each check that is returned to Seller for lack of sufficient funds in addition to any late payment charges allowable under this Contract. PREPAYMENT. The Buyer reserves the right to prepay this Contract (in whole or in part) prior to the Due Date with no prepayment penalty. ENCUMBRANCES. The Seller retains the right to use the Property as collateral on future loans so long as the indebtedness is paid in full prior to the Due Date of this contract. In the event the Seller defaults on any mortgage on the Property, the Buyer can pay on the mortgage and receive credit under this Contract for all payments. The Seller herein discloses the Property sold under this contract is currently encumbered in the following manner: Deed of Trust To: Pathway Bank 306 South High St. Cairo, Nebraska, 68824 $23,017.00 MAINTENANCE AND IMPROVEMENTS. Buyer agrees that any and all buildings, permanent fixtures and improvements currently on or subsequently added to the land or Property may not be removed, but will remain on the Property until the contract is fully performed. In the