|
200710026
<br />LAND CONTRACT
<br />_
<br />-,
<br />C-1 C
<br />a
<br />"ri
<br />rr. vi
<br />rVI
<br />o
<br />.,
<br />N
<br />Ma
<br />Lo
<br />V,
<br />Z. fi
<br />0
<br />>�
<br />Q
<br />LO
<br />C=)
<br />ry
<br />en
<br />ry
<br />cam'
<br />C s
<br />a
<br />m o
<br />tlo
<br />0
<br />200710026
<br />LAND CONTRACT
<br />I, the undersigned purchaser, Michael Tuttle and Jodi Tuttle, husband and wife hereby
<br />agree to purchase the property on a land contract known as 4033 Scheel Rd, Grand
<br />Island, NE 68801 from Robert D Ferguson and Marilyn R Ferguson, husband and wife,
<br />and described as follows:
<br />Lot 15, Scheel's Subdivision, being a tract of land in Part of the SE 1/4 of the SW 1/4 of
<br />Section 32, Township 11 North, Range 9 West of the 6`" P.M. Hall County, Nebraska.
<br />Included in the purchase are all light fixtures and equipment permanently attached to
<br />aforementioned premises.
<br />This land contract is entered into on this 7th day of May, 2007 Seller agrees to carry the
<br />land contract not more than 10 years.
<br />Subject, however, and on condition that the seller thereof has good, valid and marketable
<br />title to enter into the land contract, and said seller agrees to convey title to said property
<br />upon which time the purchaser have obtained final financing. Until that time, the
<br />aforementioned property shall remain in the sellers name and title will be changed and
<br />updated upon buyer obtaining financing.
<br />1. I agree to a purchase price of $117,000.00 on the following terms:
<br />2. Seller shall carry a land contract for the purchase of this property with $ 0.00
<br />down plus monthly payments of $642.46 of which $642.46 each month will apply
<br />to the down payment for a period not less than months and not more than 60
<br />months, but it is understood that the title will remain in the sellers name until the
<br />buyers have obtained a conventional loan to be secured by a first mortgage on
<br />above described property.
<br />3. Clear title is to be provided to Purchaser, subject to easements and covenants of
<br />record.
<br />4. Possession of said premises shall be delivered immediately upon closing. Seller
<br />shall pay all real estate taxes becoming delinquent prior to the year of closing.
<br />5. Seller agrees to pay any assessments for paving, curb, sidewalk, or utilities
<br />previously constructed, or ordered, or required to be constructed by the Public
<br />Authority through the date of closing, but which have not yet been assessed.
<br />6. Seller agrees to furnish, within ten (10) days from final closing, a title insurance
<br />commitment (binder). If purchaser's attorney or closing Title agent company
<br />finds defects in said title, Seller, after written notice thereof, shall endeavor to
<br />have the same cured to the satisfaction of the purchaser with in a reasonable time
<br />after receipt of notice, thereof and, if not cured within said time, then either the
<br />Purchaser or the Seller may rescind this Agreement, where upon Seller shall then
<br />refund to Purchaser the deposits made hereunder and this contract shall be null
<br />and void, and at Purchasers discretion, they may choose to return said property to
<br />Seller, with return of down payment deposit money with no further consents
<br />required.
<br />-,
<br />0.
<br />a
<br />rVI
<br />.,
<br />Lo
<br />=3
<br />0
<br />>�
<br />LO
<br />C=)
<br />ry
<br />en
<br />ry
<br />cam'
<br />C s
<br />a
<br />I, the undersigned purchaser, Michael Tuttle and Jodi Tuttle, husband and wife hereby
<br />agree to purchase the property on a land contract known as 4033 Scheel Rd, Grand
<br />Island, NE 68801 from Robert D Ferguson and Marilyn R Ferguson, husband and wife,
<br />and described as follows:
<br />Lot 15, Scheel's Subdivision, being a tract of land in Part of the SE 1/4 of the SW 1/4 of
<br />Section 32, Township 11 North, Range 9 West of the 6`" P.M. Hall County, Nebraska.
<br />Included in the purchase are all light fixtures and equipment permanently attached to
<br />aforementioned premises.
<br />This land contract is entered into on this 7th day of May, 2007 Seller agrees to carry the
<br />land contract not more than 10 years.
<br />Subject, however, and on condition that the seller thereof has good, valid and marketable
<br />title to enter into the land contract, and said seller agrees to convey title to said property
<br />upon which time the purchaser have obtained final financing. Until that time, the
<br />aforementioned property shall remain in the sellers name and title will be changed and
<br />updated upon buyer obtaining financing.
<br />1. I agree to a purchase price of $117,000.00 on the following terms:
<br />2. Seller shall carry a land contract for the purchase of this property with $ 0.00
<br />down plus monthly payments of $642.46 of which $642.46 each month will apply
<br />to the down payment for a period not less than months and not more than 60
<br />months, but it is understood that the title will remain in the sellers name until the
<br />buyers have obtained a conventional loan to be secured by a first mortgage on
<br />above described property.
<br />3. Clear title is to be provided to Purchaser, subject to easements and covenants of
<br />record.
<br />4. Possession of said premises shall be delivered immediately upon closing. Seller
<br />shall pay all real estate taxes becoming delinquent prior to the year of closing.
<br />5. Seller agrees to pay any assessments for paving, curb, sidewalk, or utilities
<br />previously constructed, or ordered, or required to be constructed by the Public
<br />Authority through the date of closing, but which have not yet been assessed.
<br />6. Seller agrees to furnish, within ten (10) days from final closing, a title insurance
<br />commitment (binder). If purchaser's attorney or closing Title agent company
<br />finds defects in said title, Seller, after written notice thereof, shall endeavor to
<br />have the same cured to the satisfaction of the purchaser with in a reasonable time
<br />after receipt of notice, thereof and, if not cured within said time, then either the
<br />Purchaser or the Seller may rescind this Agreement, where upon Seller shall then
<br />refund to Purchaser the deposits made hereunder and this contract shall be null
<br />and void, and at Purchasers discretion, they may choose to return said property to
<br />Seller, with return of down payment deposit money with no further consents
<br />required.
<br />
|