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-4- 87-- 14949 8. T'.it:liia fifteen (15) days of the execution of this agreement, Seller shall deliver to Buyer an abstract of title to the property certified *, to a recent date. Buyer shall have fifteen, (15) clays from receipt of said abstract in which to have the same examined by an attorney and notify Seller of any alleged defects in the marketability of title. In the event.any such defects exist, Seller shall have a reasonable time to correct the same. In the event the sass cannot be corrected within a reasonable time, or if the cast of correcting the same would exceed one Thousand and No/100[ Dollars ($1,400.00) -, Seller shall have the option af.rescineiag this agreement and returning to.Buyer all azatcaunts paid hereunder together with interest at the rate of sixteen percent €16 %) per annum from the date they were advanced to Seller to the date they were returners to Buyer: s. 4. upon the execution of this contract; a Joint Tenancy Warrants- heed cc r,yeyinri the said , property from Seiler to Buyer will be delivered to Five Points Bank, Grand Island, Nebraska ("Escrow Agent "3. Said deed.shall be subject to any encumbrances which, by the terms of this contract, are to be paid by the Buyer, and also subject to any easements, covenants and restrictions of record. The Escrow Agent shall mold said deed and deliver shall it to Buyer upon the condition that Buyer shall pay the purchase price in full, with all interest due' >therecan, and perform all of the covenants and conditions which, by the terms of this contract are to be perforaaed by Buyer. If Buyer shall perform coz:ietely as provided Herein, then the Escrow Agent shall deliver the joint Tenancy Karraztv, Deed to Buyer; otherwise, upon Buyer' default, the deed shall be delivered to Seller. { Also Agreement delivered to Escrow Agent n the execration of this Agreement is a ¢uitclaiaa Deed receveyiasci the rear estate from Buyer to Seller as joint tenants s with right of survivorship. If'Escrow Agent delivers the Joint Tenancy warranty t, Deed to Buyer under. the to ,s tai - this - AQre@3 nt then the Quitclaim �• Deed -shah be delivered to auger at the same tip. if at a time s hen iii one Hundred Six Thousand Hundred fifty and flCat3 i+ollars €$?06;50_00 or ire Of Principal remains unpaid Pander this Acreement and {ii, Buyer has railed to cure any default uanraer this Agreement within thirty (30) clays after, receipt of notice from Seller . of such default, Seller serves written Notice of Strict Foreclosure upon Escrow Agent and Buyer, then Escrow Accent shall deliver both the Joint Tenancy warranty d an the Ouitclaim.Deed to Seller, Seller shall retain all amounts theretofore paid by Brayer as liquidated dal -:ages and this Agreement shall be of no further legal farce or effect. The parties shall pay cecnaally the cost of escro-a fees_ Buyer shall not Permit any -mechanic`s liens or anrr other encumbrances to be placed upon the property during the terns of this contract, except those %Fhich are specifically consented to by Seller in writing, and in the case of filing " such lien or other encumbrance, Buyer -wi ll proaptly pay the same or will in good faith contest the "same and file security with the clerk of the District Court of i3a?3_ County, - dcrarsag she statutes -of" the State of _Nebraska a�a r , _n,�=f _ and discharge all reasonable costs, fees, and eenses+ :tha may be incurred thereby. ll. Buyer agrees that it will not assign, mortgage or se11 the property, this contract o Buyer's rights hereunder, either, directly or indirectly, without first obtaining the J written consent of Seller (which shall I rot be unreason ab2y -4-