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<br />RE.CORDED
<br />HALL COUNTY NE
<br />LAND CONTRACT
<br />KRISTI WOLD
<br />REGISTER OF DEEDS
<br />THIS LAND CONTRACT (this "Contract") is hereby made and entered into on May 1, 2024 (the
<br />'Effective Date") by and between J&B RENTALS LLC of 318 N Madison St.., Grand Island, NE 68801
<br />("Seller") and Willy Abelito Chavez Paz and Lucia Fidadelma Saquiche Garcia, husband and wife,
<br />of 424 N Cedar St., Grand Island, NE (collectively the "Buyer"), collectively referred to herein as the
<br />"Parties" and Individually as a the "Party".
<br />WTTNESSETH, Seller, for itself, its heirs, and assigns, does hereby agree to sell to Buyer together with
<br />all appurtenances, rights-of-way, privileges, easements, and all buildings and fixtures in their present
<br />condition located upon the Property described below.
<br />1. PROPERTY
<br />Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, upon the following terms and
<br />conditions, the real estate, improvements, fixtures, appurtenances, commonly known as:
<br />518, 520, 522 W HEDDE ST. Grand Island, NE 68801. The legal description of which is as follows:
<br />THE WESTERLY ONE HUNDRED FIFTY-THREE (153) FEET OF THE SOUTH
<br />HALF (S1/2) OF BLOCK TWELVE (12), PLEASANT HOME SUBDIVISION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA (the "Property"),
<br />2. PRICE AND PAYMENT
<br />2.1 The Purchase Price for the Property shall be THREE HUNDRED FIVE THOUSAND,
<br />FOUR HUNDRED AND SEVENTY NINE DOLLARS ($305,479.00) payable as follows: No Down
<br />Payment
<br />2.2 The balance of be THREE HUNDRED FIVE THOUSAND, FOUR HUNDRED AND
<br />SEVENTY NINE DOLLARS ($305,479.00) shall be paid in installments of TWO THOUSAND
<br />SEVEN HUNDRED AND FORTY FIVE DOLLARS AND 73/100 ($2745.73) per month (which
<br />includes the principal and interest) payable to Seller on or before the day of each month commencing on
<br />May 1,2024 and continuing until the full amount of said purchase price has been paid. Interest at the rate
<br />of Seven Percent (7%) per annum for 3 years, and then interest will be reviewed and may possibly
<br />increase shall be paid on the remaining unpaid principal balance for Fifteen years. Each such
<br />installment, when received by Seller, shall be credited first to the payment of the interest on the
<br />remaining unpaid balance due on the date of receipt of such installment and then to the reduction of the
<br />unpaid principal balance. If payment is not received by the 5th day of each month, there will be an
<br />additional Twenty -Five Dollar ($25.00) late fee charge added to that month's payment plus $10/day after
<br />the 5th.
<br />2.3 Buyer may prepay all or part of the balance amount of the principal and interest at any
<br />time, without any penalty, and without notice. Such prepayment shall not include unearned interest.
<br />3. CONDITION OF PROPERTY
<br />Buyer states it has made an inspection of the Property and is purchasing same in "AS IS CONDITION"
<br />any type of warranty thereon. Buyer further understands that Seller has not made and does not make any
<br />representations or warranties of any kind as to the condition of the Property, buildings, improvements, or
<br />fixtures located thereon, and/or the location of the boundaries of the Property.
<br />4. POSSESSION
<br />Buyer shall be entitled to enter into possession of Property on May 1, 2024 and to continue in
<br />possession thereof so long as it is not in default in its performance of this Contract.
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