|
v
<br />I
<br />AGREEMENT FOR THE SALE OF REAL ESTATE
<br />THIS AGREEMENT, made and entered into this —�� day of �� August,
<br />1987, by and between SUSAN L. JEFFRES, a single woman, and LAURA J.
<br />(JEFFRES) ZIMMERMAN, a married woman, hereinafter referred to as
<br />"Sellers ", and RANDY AND BRENDA MARTIN, husband and wife, hereinafter
<br />referred to as the "Buyers ".
<br />WITNESSETHe That the Sellers hereby covenant and agree that if
<br />the Buyers shall first make the payments and perform the covenants
<br />hereinafter mentioned, on his or their parts to be made and performed,
<br />the Sellers agree to furnish Buyers a good and sufficient Abstract of
<br />Title, showing marketable title of record to the premises, hereinafter
<br />described to the Sellers, and will convey and assure to the said Buyers,
<br />in fee simple, clear of all encumbrances except for easements of
<br />record, a good and sufficient Warranty Deed, the following piece and
<br />parcel of ground, to wit, real estate commonly known as 724 W. John, �¢
<br />Grand Island, Nebraska, and more particularly described as aim PART OF k;g;
<br />LOT FIFTEEN (15) OF THE COUNTY SUBDIVISION OF THE SOUTHERN HALF OF THEj�i0'
<br />SOUTHEAST QUARTER (sisel) OF SECTION SIXTEEN (16), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. HALL COUNTY, NEBRASKA, together
<br />with all appurtenenees thereunto, belonging and now thereon, including
<br />all carpeting, drapery rods, tso -'(2) stoves and two (2) refrigerators,
<br />for which the Buyers covenant and agree to pay the amount of THIRTY
<br />SIX THOUSAND DOLLARS ($36,000) for said premises to the Sellers.
<br />(1) The purchase price shall be paid in amounts as follows:
<br />(a) The amount of TWO THOUSAND DOLLARS ($2,000) as down payment,
<br />receipt of FIVE HUNDRED DOLLARS ($500) already acknowledged upon the
<br />closing of this agreement and THREE (3) subsequent of FIVE HUNDRED
<br />DOLLARS ($500) each due Sept. 13, 1987, dctmber 13, 1987 and Noveffi:her
<br />13, 1987. These payments are to be made in addition to the Monthly
<br />payment due on the first day of each month.
<br />(b) The balance in the amount of THIRTY FOUR THOUSAND DOLLARS
<br />($34,000) to be paid in monthly payments with the unpaid balance bearing
<br />interest at 10% (ten percent) per annum, said monthly payments to
<br />commence on October 1, 1987, and shell be in the amount of $328.11 as
<br />represented by the attached amortization schedule. Said monthly pay-
<br />ments shall be made with at a twenty year (20 year) payment schedule,
<br />with the first payment due on October 1, 1987 and the remaining
<br />balance due on or before September 1, 2007.
<br />(c) All payments are payable to Seller Susan L. Jeffres at her
<br />address of 2007 W. Division, Grand Island, NE 68803, or such other
<br />place as the Sellers may designate in: writing. Time is of the sssence
<br />of this agreement and if any payments of principal or interest are not
<br />Paid when and where due and payable, Sellers, may, at their option,
<br />elect to declare the entire principal balance forthwith due and payable,
<br />and such entire unpaid principal balance shall bear interest at the date
<br />of default of fifteen (15 %) percent per annum until such default is
<br />remedied. It is further agreed by and between the parties hereto as
<br />followse
<br />(2) REAL ESTATE TAXESe (a) The Sellers shall pay all general taxes
<br />for the year of 1986 and all prior years thereof, and the 1987 taxes
<br />shall. be prorated between the parties, to the closing date, with
<br />Sellers 'paying approxi.r:iately 8/12 of the same and the Buyers. to pay
<br />approximately 4/12 of the same. (b) The Buyer, shall pa, a1.I tren(�ral
<br />(1)
<br />
|