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<br />LAND CONTRACT
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<br />200804564
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<br />This LAND CONTRACT is made and entered into on January 4, 2008
<br />BE IT KNOWN, the undersigned: Kevin D. Lewis & LaVonne H Lewis, married persons,
<br />(hereinafter referred to as Buyer), whose address is 701 Lowry Road, Doniphan, Nebraska 68832
<br />(\ Q......... and Cynthia L. Pfiet(hereinafter referred to as Seller).
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<br />WITNESSETH, that in consideration of the mutual Covenants to be performed between the
<br />respective Parties hereto as hereinafter expressed, it is agreed between the Parties hereto as follows:
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<br />The Seller hereby sells and agrees to convey unto the Buyer all of Seller's Right, Title, and Interest
<br />in that certain piece or parcel of land described as:
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<br />41.62 Acres located at Doniphan TWP PT S Y, SW Yo I 3 I D ~c..\t)ed ')
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<br />Hereinafter, Premises, together with all improvements and appurtenances, if any, and now on the
<br />Premises, and subject to all recorded easements, conditions, encumbrances and limitations, if any,
<br />affecting the Premises, and further subject to the following conditions:
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<br />Buyer hereby purchases said Premises of the Seller and agrees to pay the Seller the said sum of
<br />$70,000 in the manner following:
<br />. Down Payment. $4,000.00 on delivery of the contract, the receipt of which Seller agrees has
<br />occurred, and considered as down payment on said property.
<br />. Monthly Installments. 120 consecutive payments of$500.00 per month commencing the
<br />15th day of January, 2008, and continuing on the 15th of each subsequent month until paid in
<br />full at zero (0) percent interest.
<br />. Annual Installments. Six (6) payments of$lOOO.OO on an annual basics commencing in
<br />2008 with the first payment of $1 000.00 due on or before December 31,2008, the second
<br />due on or before December 31, 2008, and continuing on an annual basis for a total of $6000
<br />to be paid at the rate of $1000.00 annually at zero (0) percent interest.
<br />. Payments shall be made as designated above until the entire sum of principal is paid in full
<br />with the entire amount paid in full within 10 years from the date hereof.
<br />. Buyer shall have the right to pay larger installments than above provided, and to pay the
<br />whole, or any part of the balance remaining unpaid on this Contract, at any time before the
<br />same, by the terms hereof, becomes due and payable.
<br />. The date of payment, if sent by mail, shall be determined by the postmark on the envelope,
<br />or the date of the paying instrument, whichever is later; or the date of actual delivery if hand
<br />delivered.
<br />. Taxes & Assessments. Any and all taxes and assessments accrued prior through December
<br />31, 2007, shall be the responsibility of the Seller. Any and all taxes and assessments
<br />accruing after January 1,2008, shall be the responsibility of the Buyer.
<br />. While this Contract is in effect, Buyer shall promptly pay, when due, all taxes and
<br />assessments of every nature, which shall become a lien on Premises after the date hereof,
<br />however, the current year's taxes, if any, shall be prorated, and shall be treated as though
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