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i <br />interest as herein provided, for a period of ten (10) <br />vears, said montly payments to include interest at the <br />rate of twelve and one -half per cent (12� %) per annum <br />computed monthly and to be applied first to accrued <br />but unpaid interest on the unpaid balance of prin- <br />cipal to date of pavment and then to principal. <br />(c) Buyer shall have the privilege of paying at <br />anv time, any sum or sums in addition to the monthlv <br />payments herein required in increments of at least <br />$100.00 without penalty, except that if Buyer's pre- <br />payment of the balance due under this Contract causes <br />Seller to incur a prepayment penalty on any mortgage <br />that may exist on the real estate at the time of said <br />prepayment, then Buver agrees to pav, in addition to <br />the unpaid balance due under this Contract, a sum <br />equal to Seller's prepaymment ;>enalty on said mortoaae, <br />(d) Should Buver fail to pay two ,2) consecutive <br />installments due under this contrna,:t at its maturity, <br />then the unpaid principal balance shall :;ecome due and <br />sayable aml shall hear interest at the maximum leqal <br />rate during the Period of c.elinuuencv. <br />(e) All payments due hereunder shall be madeat <br />the Five Points Bank of (rand Island, Nebraska. <br />IT. <br />TAXES, ASSESSMENTS AND INSURANCE <br />1. Taxes. Seller agrees to pay the general real <br />estate taxes, if any on the real estate for the vear, <br />1481. Taxes for the year, 1982, if any, shall be <br />prorated to she date of closing of this Contract. <br />2. Assessments. It is agreed that Buyer will <br />assume all assessments and special taxes for municipal <br />or other public improvements levied after the First <br />Daay of Auqust, 1982. <br />3. Insurance. Buyer agrees to keep the improve- <br />ments or) said real. estate insurod under fire and extenue.i <br />coverage policies and to pay the premiums on sveh <br />