Laserfiche WebLink
CONTRACT OF SALE 89--w 103260 <br />V V <br />r-» <br />, <br />i . <br />THIS CONTRACT, made and entered into this day of <br />by <br />198E , 1 <br />1 r and between SHARON R, LIVINGSTON and <br />JAMES -D. I.IVINGSTON, JR., husband and wife, hereinafter referred <br />to as "Seller" and THE FIRST NATIONAL BANK OF GRAND ISLAND, <br />NEBRASKA and JAMES D. LIVINGSTON, JR., as Trustees of the Trust <br />Estate of BARBARA LIVINGSTON, JON LIVINGSTON, MICHAEL HINDMAN and <br />ELIZABETH HINDMAN, hereinafter called "Buyer ". <br />WITNESSETH: <br />1. SALE; Seller agrees to sell and convey to t he :r3auyer ,. <br />and the Buyer agrees to <br />purchase the following described real''.. <br />estate in Hall County, Nebraska: <br />Lot tour (4)r.Fractional Block One Hundred <br />Three, (103) in Koenig and 1 iebe's Addition, <br />and the South 91.5 Feet of .Lot Lot Five (5) , <br />. <br />Block One Hundred (100) Railroad Addition, <br />all in the City of Grand Island, Hall County, <br />Nebraska, and <br />Lot Five (5), Block'One Hundred (100) Koenig <br />and Wi.ebe's Addition to the City of Grand <br />Island, Hall Count!,, Nebraska, ' <br />_ r <br />together with all improvements and appurtenances thereto belonging. <br />2. PURCHASE PRICE. The purchase price for the above- <br />-_ <br />Aa_cr_•ri h=A --real 4:. F"-t ._ - - - - - -- <br />•.••�.. ..:- p��p8rty- 3.� tilE` 5iiiir -�i `t3i�iE `HUlVUiiEU StVF7IVTY= -- <br />FIVE�THOUSAND DOLLARS ($175,000.00) payable as set forth on the <br />attached Schedule, marked "Exhibit A" and made a part hereof, with <br />M. <br />with the unpaid b-a lance bearing interest at the rate of Ten - <br />.gt_rcent <br />(10 %) per annum until paid in full. <br />t <br />. <br />3.. POSSESSION. Buyer shall have possession'oof the pro - <br />"idkec4tt0 <br />; :. <br />per,ty on th4 of this Contract. <br />4. TAXES. Buyer agrees to pay the 1981 and "a3.1 future <br />taxes and :assessments against the real estate. Seller.agrees to <br />pay the 199b real estate taxes and all prior years taxe5'and <br />assessments. Z,- <br />5; CONVEYANCE OBE?. MARKETABLE TITLE. Seller agrees to <br />furnish the Buyer with current extended Abstract of Title showing <br />'to <br />the Seller be the ownergf a good and sufficient marketable.- ; <br />title to the above'.property; free and clear from liens. Seller <br />agrees to-convey-the above property by warranty deed and to pay <br />for the expense of documentary stamps and Seller will., p-dy for the <br />extension of: an Abstract., of Title, extended to date shatq-inc; mar- <br />ketable title and >in the event the title examiMS:tion reveals y <br />val c3 title object ons, the Seller shall have a:.reasonable time <br />to correct such defects and in the event the same cannot be <br />corrected:,,:'X11 payments made hereunder shall be refunded ''to the <br />t <br />Buyer. • -B +er has'..the option of waiving any defect irv,t tle a <br />accepting the same in such condition. <br />6. DUTIES OF BUYER. Buyer agrees to pay real estate <br />taxes as set forth herein and pay, all subsequent real "e' state <br />tax on the property sold hereunder. Buyer further agrees to keep i <br />the property sold hereunder free and clear of all liens, taxes <br />and encumbrances and will not do or permit anything to be donee <br />that might impair Seller's security. <br />7. ESCROW AGENT. The parties hereby designate <br />Grand Island, Nebraska, as Escrow Arent under this Contract. <br />r� <br />