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1. PROPERTY 2. PRICE AND PAYMENT 3. CONDITION OF PROPERTY LAND CONTRACT Cr) THIS LAND CONTRACT (this "Contract") is hereby made and entered into on May 12, 2015 the "Effective Date ") by and between J & B RENTALS LLC of 1611 St. Paul Rd., Grand Island, NE 68801 ( "Seller") and Oswaldo Landaverde of 1311 North Park, Grand Island, NE 68803 and Zoila C. S a las De Landaverde of 1311 North Park, Grand Island, Nebraska 68803 (collectively the "Buyer "), collectively referred to herein as the "Parties" and individually as a or the "Party". WITNESSETH, Seller, for itself, its heirs, and assigns, does hereby agree to sell to Buyer together with all appurtenances, rights-of-way, privileges, easements, and all buildings and fixtures in their present condition located upon the Property described below. Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, upon the following terms and conditions, the real estate, improvements, fixtures, appurtenances, commonly known as: 1315 North Huston Avae., Grand Island, NE 68803. The legal description of which is as follows: Lot Two Hundred and Seventy (270) in West Lawn, and addition to the City of Grand Island, hall County, Nebraska (the "Property"). 2.1 The Purchase Price for the Property shall be Eighty -Five Thousand Dollars ($85,000.00) payable as follows: Two Thousand Dollars ($2,000.00) on execution of this Contract, receipt of which is hereby acknowledged. 2.2 The balance of Eighty -Four Thousand Dollars ($83,000:00) shall be paid in installments of Six Hundred Forty-Three and 50 /100 Dollars ($643.50) per month (which includes the principal and interest) payable to Seller on or before the 1st day of each month commencing on June 01, 2015 and continuing until such time as the full amount of said purchase price has been paid. Interest at the rate of Seven Percent(7%) per annum shall be paid on the remaining unpaid principal balance. Each such installment, when received by Seller, shall be credited first to the payment of the interest on the remaining unpaid balance due on the date of receipt of such installment and then to the reduction of the unpaid principal balance. If payment is not received by the 5th day of each month, there will be an additional Twenty -Five Dollars ($25.00) late fee charge added to that month's payment. Buyer states it has made an inspection of the Property and is purchasing same in "AS IS CONDITION" without any type of warranty thereon. Buyer rut tiler understands That Seller has not made and does not make any representations or warranties of any kind as to the condition of the Property, buildings, improvements, or fixtures located thereon, and/or the location of the boundaries of the Property. 1