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This Agreement is made as of the 3 day of December, 2015 by and between <br />Marilyn M. Glover and Raymond L. Vang, wife and husband, sometimes hereinafter <br />referred to as "Parties" or individually as a "Party." <br />In consideration of the mutual promises and convenants contained herein, the <br />Parties hereto agree as follows: <br />1) Name and Purpose. The Parties previously executed prenuptial agreements and <br />desire and intend to acquire, hold and maintain as separate property interests as <br />tenants in common the lands and premises (the "Property ") legally described as: <br />All of Lot Five (5) and all of Lot Three (3), except the Northerly five feet <br />(N5') of the said Lot Three (3), in University Place, an Addition to the <br />City of Grand Island, Hall County, Nebraska, <br />and commonly known as 2128 North Sheridan Avenue, Grand Island, Nebraska. <br />2) Term. The Agreement shall begin as of the date set forth above and shall continue <br />until the Property is sold, is partitioned, or upon termination of the surviving Party's <br />interests as provided in Section 4. <br />3) Payments. <br />a) Initial contributions. All payments for the Property shall be contributed fifty <br />percent (50 %) by each Party. The Parties agree to execute a promissory note to <br />Five Points Bank for such an amount as may be required at the closing for the <br />purchase of the Property. Each Party shall pay 50% of all amounts due on the <br />promissory note. <br />b) Further Contributions. If at any time hereafter it is determined by the Parties <br />that further funds are required for capital improvements or renovations of the <br />Property or if further funds are required for normal maintenance, operating <br />expenses or debt service, the additional payments required shall be made by the <br />Parties when necessary in the same percentages as initial contributions. <br />c) Defaults. If either Party fails to pay his or her respective share of the initial <br />contributions or tenancy obligations at the time the same is due and payable, time <br />being of the essence thereof, the other Party may at his or her option and in <br />Tenancy -In- Common Agreement; GloverNang <br />TENANCY- IN- COMMON AGREEMENT <br />Page 1 of 3 <br />20100415 <br />