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r - 104465 CONTRACT FOR SALE OF REAL ESTATE T= AM==* made and entered into this day of 19$3t, by and between NUMB W. JEFTM and VIRGINIA A. J ,husband and wife, hereinafter referred to as the "Sellers% and ERUCT W. PATTZRSON and KM D. PATTERSON, husband and wife,, hereinafter referred to as the "Buyers"._ ... _. •ITNF.SBETBs That the Sellers hereby agree to sell and convoy to the. Buyers, and the Buyers::hersby agree to purchase from the Sellers, the ` following described real estate, located in Hall County, Nebraska, hereinafter referred to as "The Real Estate " to -wit: The Westerly 40.25.1eet of the Westerly 74.25 feet of the ftztth Zy one half (N) o f 3L.6 'nine ( 9) of the County Subdivision � of Oia , South half of the Soutbeast quarter (SiSa) of Section Sixt"On (16), in Township Eleven ' (14) North, Ransw Nine" (9) West of the 6th- I?. $.t., Hal County Nebraska. upon th,e following tvxw and ccjttdit:L,2w 1,` 1,* . PURCHASE PRIM. Ass.th,:..r�rebAs' 'price for the real estate as s described above, the Buyers ca:to'�ay the Sellers and the Sellers agree 'to accept from the Buyers, the sum of FORTY THOUSAND AND M/100 0400000: ,o 00) DOLLARS. 2. METHOD OF PAYMENT: The parties do, hereby agree that on or before` September 1s.t;9b3, the Buyere will pay to tho Sellers the sum of FIVE THOUSAND FIVE HUNDRED AND NO /100 (59500.00) DOLLARS to be applied._,oh.the purchase price. The 'balance of $34,500.00 will be paid ta-the Sellers by the Buyers in monthly payments of not less than $50.00 per `month, said amount to be applied on the principals .It is specifically agreed that the Buyers shall be permitted to pay additional amounts on the principal,at such times and in such amounts as they desire without any type of penalty. for said advanced payments. 3. INTEREST That the unpaid principal shall bear interest at the rate of 114% per annum and that the interest payment shall�be paid monthly on the corresponding dates that the Vrinciga payments are made. That the first payment on the principal and. interest shall be ma :3e on October 1, 1983. 3a,. Ii' tWCE: That the Buyers shall :be required to-keep in. effect a fire, and ox�,ftdvd, :Jr. urance policy on the premises in the mini�ttm sum of 140,000.00 U `ihe Sellers being named as the loss payee. 40 It is agreed that the Sellers shall execute a Warranty De ©d on the real estate'and.that said warranty Deed shall.i�p held by the Union �r Pacific Credit,-,7nion, in escrow, to be delivered #on full compliance with the terms: "' f:,"this Contract. That whenever -written proof of the payment of t4'1' j purchase price is delivered to -the said Union Pacific L Credit Unions'. the Warranty Deed shall then be delivered to the Buyers. The document fited is a copy. Signatures dft are not on inal. -� ?E _ 54 t