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i s i i f 89-- 102272 AGREEMENT FOR PURCHASE OF REAL ESTATE KNOW ALL MEN BY THESE PRESENTS1 The undersigned Seller hereby sells to the undersigned- Buyer, the following described real estate for the.price and upon the terms and conditions herein set forth, and'the undersigned Buyer hereby accepts said terms and conditions, adriss to'pay the purchase price, and covenants to perform the obligations of the Buyer hereunder. 1. The Seller ise THE CITY OF WAND ISLAND, NEBRASKA, A Municipal Corporation. 2. The Buyer is (whether one or were) Deborah ah Lynn Koc i 2. The legal_ description of -the real estate ( premises) i Lot 1., Block 5, °Evans Addition to the City of Grand Island.: Hall County, Nebraska, and that part of Evans-Street vacated.by Ordinance No. 5W8. 40 The purchase price is One Dollar- (61.00)- payable at Closing. 5. The completion of this Contract shall be contingent upon the A. Buyer q"Ii Eying far .a home improverpent loan to costs of required imperovements. B. The sale of Us premises being approved by' the Community Development Agency Advisory Committee and the City Council of the City of Grand Islands. Nebraska. 6. Buyer covenents,�o perform the'following obligationse A. To boon remodeling-.construction on the premises - within 30 days afterr 0100ing, such, construction to be performed' j►ursuant to speci ficatic as shown on Exhibit "A ", incorporated herein by reference. B. To cooplete'remodeling construction on the premises within 18 months after Closing. C. To live in the premises for three years after closing. D. To permit C*msunity Development Agency employees to monitor the constructieff cwork on the prises during rehabilitation. E. To plant and imaintain a neat- appearing grass yard. and to avoid the storage, of garbage,, ' trash or refuse on said yardip F. To pair 'ati l real estate taxes and spscial . assessmients before the same becewwo delinquent. O. To pay the fae for recording the Buyer's:.Deed. H. To pay all mortgage and insurance paymwents before the some becoi4, delinquent. 70 Buyer shall be entitled to possession of the premises upon Closing of this transaction. The Closing shall be on or before 130 da�rs after the date of this Agreement# provided that the contingencies stated .irs 05 have wean satisfied by the Buyer. The exact tine, and place of Closing shall be negotiated between the parties. S. The parties agree that the Seller will provide, the Policy of Title Insurance dated August 18, 1998, issued at the time the City purchased the property, and showing the promises to be free and clear of all liens and encumbrances except easements and restrictions of record. 9. Seller agrees to pay the real estate taxes for 1988. All of the 1989 real estate taxes and subsequent year's taxes, if closing is on or before December 31, 19890, shall be paid by the Buyer. 4 ti M f' a