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<br />`9 ,:FRED /19 N N
<br />INSTALLMENT SALES CONTRACT 200209W89
<br />THIS AGREEMENT made and entered into this 28th day of
<br />oc) June, 1996, by and between Fred H. Eickhoff, Sr., and Dorothy H.��
<br />Eickhoff, Husband and Wife, hereinafter referred to as "Sellers," O
<br />and Fred H. Eickhoff, Jr., and Debra Eickhoff, Husband and Wife, v\
<br />as joint tenants with right of survivorship, hereinafter referred 2
<br />to as "Buyers." p
<br />W I T N E S S E T H
<br />Sellers hereby agree to sell and convey to Buyers, and Buyers
<br />agree to purchase from Sellers, the following - described real
<br />property, situated in Hall County, Nebraska, and hereinafter
<br />called the "Property," to -wit:
<br />The North Halt (N 1/2) of the Southwest Quarter
<br />(SW 1/4), Section Twelve (12), Township Ten (10)
<br />North, Range Twelve (12), West of the Sixth P.M.,
<br />Hall County, Nebraska, containing 79.64 acres,
<br />acres, more or less.
<br />(1) Ownership. In the event of the death of either of the
<br />Sellers, or Sellers' assignees, the unpaid balance, including
<br />principal and interest, shall be paid to the survivor of them.
<br />(2) Purchase Price and Manner of Payment. As purchase price
<br />for the above - described real property and the improvements
<br />described on Exhibit "A" hereto attached, the Sellers hereby
<br />agree to accept, and the Buyers hereby agree to pay, the total
<br />sum of ONE HUNDRED THIRTY THOUSAND DOLLARS ($130,000.00), payable
<br />as follows:
<br />(a) The sum of ONE DOLLAR ($1.00) down, previously
<br />paid, receipt of which is hereby acknowledged;
<br />(b) Assumption of the current indebtedness on the
<br />real estate in favor of the State Bank of
<br />Cairo, Cairo, Nebraska, in the amount of
<br />EIGHTY THOUSAND FOUR HUNDRED FIFTY SIX AND
<br />04/100 DOLLARS ($80,456.041.
<br />The balance of the purchase price, being the sum
<br />of FORTY NINE THOUSAND FIVE HUNDRED FORTY TWO
<br />AND 96/100 DOLLARS ($49,542.96), payable in
<br />yearly installments as based on a ten -year
<br />amortization schedule, with interest at six
<br />per cent (6 %) per annum on the unpaid balance.
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