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<br />'i;!I'_; .'.GP._.'^'"'iili', macic and enteri;d into by and between R~DOLPti
<br />SCiI!Si3` and ~r:BEI, L. itus`~and and wife, here?.naTtex ce.l~ed
<br />the Se ors, and .T,i>`vv1I~ C?i~'.I!~1', her^inaftor called the B:iy~r~
<br />`^t*at Sellers i?ereby aq.roe to sell artrl convey to 3uyer anti'
<br />~su_rer r.^reb~• agrees to r~urohase fro:~; the ~ Hers the fci31ov1ing
<br />;tc~scribed .aal v:t~ in mall County, ;tebr~ska, hereinafter called
<br />''±'t~ real estate'.
<br />The 5vest Ralf of ti:c• ::ortheast Quarter (rd1j3i1EIj~) of
<br />Section roerte~~r: (1~I; `ioc~~nshic i7:inc~ (9) worth, l;an~e
<br />'ly=elve (12i, ..~-'t o` the nth P.?i., and 1.8 1/2 lengths
<br />of 3" alir-nin~rm pip(_' with "T" elbow a_nd plug? asd all-
<br />iraprove.;~ent, located on tt:ese premises except as herein-
<br />after e;:cluded.
<br />anon the followinc terns ar_d conditions:
<br />I.
<br />^he Purchase Price and Manner of Payment
<br />1. :~s the purchase price for the real estate, Buyer agrees
<br />to pay to Sellers ant Sellers agree to accept from Buyer the
<br />su,a of Sixty-eight Thousand Dollars ($68,000.00).
<br />2. the purchase !,rice shall he paid in the following manner:
<br />(a) Thy su=, of 'Pen Thousand Dollars (10,000.00) upon
<br />the enecution of this Contract, receiat whereof is hereby acknowledged
<br />ay the Sellers.
<br />(b) 1'~n Thousand Dollars ($10.000.00) on or before February
<br />i, 197_ , but in r:o Lv=,nt ~ricr *_o January 1, 1975.
<br />(c1 the ~alanca of .^~~rtt'-eight Thousand Dolla'-
<br />shell be gala in ten ti0) a~3ua1 annual installr.:ents Four Thausa
<br />~:l~fht ci Ui?ilr~ti 70113rS ! $? ~ su"~~.'a~) eaCtt, t_le flrSt OC
<br />acid iar::~t 1 1975, anc t;?ereafter on 'T.arch 1. of each year, with
<br />th~. last anci~iiaal i?ay.-;>_c;t on :larch 1, 198.
<br />(ci) In ,.~.~i`:.iou to ;aay:t~nts o.? principal 3ulrer also agrees
<br />cc. nay inta_-est,cornpute• $~?3,000.00 and decreasin:~{ principal
<br />i~alances, at t_r4 rate 3"s co:aputed froie .Iarc`t 1, 1975, interest
<br />'.iyments tc L•e ;zade co. ently .ait[i annual payments on principal.
<br />(e) All installments of principal and interest wall be
<br />paid to tt;c Sellers, anti to the survivor o±= them. In the event of
<br />tha death ci both Sellers before final aaymant is made installments
<br />of principal with irterast due and payable thereafter shall be made to
<br />the Lscrow e\gent, hereinafter named, for the benefit o` those then
<br />entitled thereto.
<br />(r) the p.:rties ackro+•aledge disclosure has been Wade of
<br />the •axistenca of a`i;:st real ...state ~n.ort:7age on the above descritaed
<br />pre,iises an;i adjcining l~:n:i, the final pay.-gent of which, unless soonor
<br />,Said, extends beyond 'larch 1, 1985. If by reason of the death of Sell<sr_s
<br />tfte pay,aents are Wade to the Escrow Agent, the _.scrow Argent shall hold
<br />such payrrrent until satisfactory showing has bean made that there are
<br />c?o sefaults in paf;~ent of principal ar interest on the Hato secured
<br />ay thin snort,aye. If at any ti:ae tii~r balance owinrt by .gayer is l.eass
<br />Titan t,ia bag ~=.tce due. or. t=ic ind~btednass of ..el ier~z, i:urther %+a;'ments
<br />7ha11 rsk~al:e ~.z~itil tttc~ b4lancc oca.iny >~1 Sellers on tiie;.r wortq~;~c
<br />in~e'utdne :toes riot e,.aL.z:l tha :,clan _ o+,. :?:,, gar '}uy4r, o.. S~_~?~,~r~
<br />-.ar;ar.a ~r roleasa. ©f th^.zt z~ortrae .__ tc~ t ~ .o:~tiv:i 2;_.inc~ .-ct:n~ .+<I
<br />i-' '
<br />b., ';;?e ci'~yer. T.n tte ~!-thr:ta#:iv-~., iz" <r~+•.' _,a~,°:r_~'~s ~.w .+;evC:~:ineci~
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