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200209089 Buyers have inspected said premises and accept the same without any representation or warranties on the part of the Sellers or their agent. (8) Title. At the request of either party, a title insurance commitment shall be obtained, together with title policy, the expense for which shall be paid one -half by each of the parties hereto. The Sellers agree that said described real property will be conveyed by Quitclaim Deed to the Buyers subject to easements, restrictions, reservations of record, present zoning regulations, and all liens, taxes and encumbrances of record. (9) Escrow Agent and Payments. All payments due hereunder shall be paid to the Sellers at such address as they shall provide the Buyer in writing from time to time. The parties hereby designate the State Bank of Cairo, Cairo, Nebraska, as Escrow Agent under the terms of this Contract. An executed copy of this Contract, Title Policy, Quitclaim Deed, insurance policies and other documents, shall be deposited with and held by said Escrow Agent. Upon payment of the entire purchase price, including principal and interest, and upon the pperformance by the Buyers of all of the covenants to be performed by it, the Escrow Agent is hereby authorized to deliver all documents held by it to the Buyers. The cost of documentary stamps required for recording said deed, if any, shall be paid by the Sellers, and the amount of such payment shall be withheld from the final payment due from Buyers to Sellers. (10) Duties of Escrow Agent. It is agreed that the duties and obligations of the Escrow Agent shall be as depository only and said agent shall not be called upon to construe any contract or instrument and shall be required only to act as specifically set forth herein and shall have no responsibility for collection of any amount due hereunder. In the event of any dispute between the parties, the Escrow Agent shall have the right to hold all documents deposited with it until a mutual agreement has been arrived at by the parties or until the matter of dispute has been settled by a final judgment or decree of a Court of competent jurisdiction. All escrow fees, including opening and closing, shall be paid by Buyers. (11) Default and _Remedy. if the Buyers fail to make any payment due hereunder or perform any of the covenants required of them by the terms of this Contract for a period of ten (10) days after the same is due or to be performed, then the Sellers shall give Buyers written notice of such default, and if such default is not corrected within five (5) days after date of said written notice, then the Sellers may elect to declare a default and the entire unpaid principal balance and accrued interest, together with any advances and payments made by Sellers on behalf of Buyers, shall become immediately due and payable at the option of the Sellers without further notice or demand, and the Sellers -3-