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24220336 Page 2, Jeffres/Villatoro (3) DEEDS IN ESCROW: It is agreed that the Seller will execute a Warranty Deed on the above described property and that the Buyer will receive to hold and keep, a copy of the Warranty Deed; the original to be held for the term of the contract in escrow at Wells Fargo Bank, Grand Island, NE in a safety deposit box, to be delivered upon full compliance of this agreement. In the event of default by the Buyer in any of the obligations binding them hereunder, after Buyer has had (30) days notice of such default and has failed to remedy the same, at the request of the Seller, the Seller may pursue appropriate equitable remedies. (4) ASSIGNING OF AGREEMENT: It is further agreed by and between the parties that this Conditional Sales Contract shall not be assigned to any other person without the written consent of the Seller which shall not be unreasonably withheld and that any part of said property my be sold by Buyer with the condition that all monies received are paid immediately to Seller to reduce the principal balance due. (5) It is understood and agreed by and between the parties hereto that the Buyer has inspected the premises intended to be conveyed by this document and take the same on an "as is" basis with no warranties of fitness express or implied by the Seller. (6) PREPAYMENT OPTION: The parties do hereby mutually agree that this contract may be prepaid at any time prior to the termination date of said contract and that the Buyers will not incur any repayment penalty whatsoever. (7) DEFAULT: If Buyer should fail to make any payment payable by them hereunder, or Buyer should fail to perform any of the other obligations binding upon them herein set forth, including but not limited to payment of Hall County Property Taxes, Seller shall give buyer written notice of such default. If Buyer fail to remedy such default within 30 days after receipt by them of such notice, Seller may declare the entire remaining unpaid principal balance with accrued interest forthwith due and payable and commence such proceedings for strict foreclosure of this agreement, or such other legal or equitable remedies as are available to the Seller and as Seller may elect. Buyer shall be construed to have received written notice as required herein upon the posting of a letter in the United State mail to Buyers last known address. Waiver by Seller of any one default shall not be construed as a waive of any subsequent default, commencing with any default the entire unpaid principal balance shall thereafter bear interest at 15% (fifteen percent) per annum until either such default is remedied or the entire principal balance with accrued interest has been paid, whichever occurs sooner. If after election to declare the entire balance due and owing, and the Buyer fails to pay the amount due, the Buyers agree to vacate the premises immediately and sign all documents necessary to return title to the Seller. (8) During the life of this agreement and until payment by Buyer of all payments required hereunder, Buyer agree as follows: (a) To not permit any foreclosure of mechanic's liens or materialmen's liens against said premises. (b) To not abandon said premises. (c) To not permit waste of the premises and improvements thereon.