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<br /> <br /> <br /> <br />. <br /> <br />AGREEMEJT FOR PURCHASE OF <br /> <br />~.ow ALL MEN BY THSSEf!-RISIIITS: <br /> <br />'T'beuneleral<<oed .'. Sel1.r~~~IiIi"$.l.lS <br />followi.ng deacribed real. "~4t.for tbe>p <br />and conditions herein set.fortb, and the <br />accepts said terms and conditIons, agr'ee~.. <br />price. and covenants to perform the oblii.tlon",' <br />hereunder. <br /> <br />1. The Seller is: THE CITY OF GRAND ISLAND, <br />municipal Corporation. <br /> <br />2. The Buyer is (whether one or more): <br /> <br />Jerry R. &. Sherry J. Nott, Husband and Wife <br /> <br />3. The legal description of the real estate (premises) <br /> <br />Lot Seven (7), Block Twenty-five (25), Wbeeler <br />the City of Grand Island, Hall County, Nebraska, <br />as 320 West 10th Street, Grand Island, HE <br /> <br />4, The pur9ha~~_n2.!:_ig~ i~_ One__~ollar--- ($1) ---payable <br /> <br />5. The completion of this Contract shall be contingent <br />following: <br /> <br />'1. Buyer qualifying for a home improvement loan to cover <br />costs of required improvements. <br /> <br />B. The sale of the premises being approved by the Community <br />Development Agency Advisory Committee and the City <br />Coun~ll of the City of Grand Island, Nebraska. <br /> <br />6. Buyer covenants to perform the following obligations: <br /> <br />A. To begin remodeling construction on the premises <br />within 30 days after Closing, such construction to be <br />performed pursuant to specifications shown on Exhibit <br />"A", incorporated herein by reference. <br /> <br />B. To complete remodeling construction on the premises <br />within 18 months after Closing, <br /> <br />C. To live in the premises for three years after closing. <br /> <br />D. To permit Community Development Agency employees to <br />monitor the construction work on the premises during <br />rehabil Hation. <br /> <br />E. To plant and maintain a neat-appearing grass yard and <br />to avoid the storage of garbage, trash or refuse on <br />saLd yard. <br /> <br />F. To pay all real estate taxes and special assessments <br />before the same beoome delinquent. <br /> <br />Q. To pay the fee for reoordinl the Buyer's Deed. <br /> <br />H. To pay all mortgage and insurance payment3 b~fore the <br />$~me become delinquent. <br /> <br /> <br />7. Buyer .hall b~ I'JIntitled to Poss$s3i\)n of the premises upon <br />Clailni of this transaotion, The Cloalni ahall be an or <br />before 150 d.,a after the date Dr this Agr..ment, provided <br />that the continl.nale. stated in 15 abavl'Jl have be.n satisfied <br /> <br />-.J <br />