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85-00451.4 CONTRACT POR SALE OF REAL ESTATE This agreement antered into this 19th day of September, 1975, betwsan Michael Galvam and Marilyn Galven, Husband and Wife, as joint tenants with right of survivership, of the first part called SELLER and James Martins and Rita Martins, Husband and Wife, sa joint tenants with right of survivor- ship of the second part called the BUYER. WTTNESSM: That in consideration of mutual promises, covenants and conditions as hereinafter set forth, SELLER does hereby sell and BUM does hereby purchase from the SELLER, the following described real estate: Lot Five (5) in Block Thirty -Six (36) in Packer & Barr's Second Addition to the City of Grand Island, Hall County, Nebraska, together with all tenements, hereditaments and appurtenances thereto belonging, or in anywise appertaining. BUYER agrees to pay SELLER as consideration for said real estate, the sum of TWENTY THREE THOUSAND AND NO1100 ($23,000.00) DOLLARS, payable as follows: on October 1, 1975, and $206.94 on the first day of each and every month thereafter untt! the entire principal and interest due under this contract shall be paid in full. IT IS FURTHER AGREED BY AND BETWEEN THE PARTIES that the unpaid principal balance shall bear interest at the rate of nine (9) par cent per annum payable monthly on the same day as the principal payments are made, that the 0 payment of $206.94 shall include interest and shall first apply to the payment of interest and then to the principal due under this agreement. IT IS PtMTHRR UNDERSTOOD AND AGREED that there is presently a { mortgage of, FIFTEEN THOUSAND AND NOIl00 ($15,000.00) DOLLARS due the Hose Federal Savings and Loan Association of Grand Island, incurred by SELLERS, and that said mortgage shall remain on the property, and SELLERS will continue to make the payments when due the sage to be paid in full In fifteen (15) years: R I