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83- 00345~ on the first dav of each month thereafter until the full price, with interest, is paid, provided that a final payment is .2ue on June 1, 1985, if not paid sooner, which final pa:'i:'TI\ent shall be the entire remaining unpaid balance including interest. D. The unpaid balance due hereunder shall draw in- terest. at all times at the rate of twelve and one half percent (12.5%Ji per annum and said monthly pa}'TI\ents shall be applied firs.tl:o interest. and secondly to principal, pursuant to the amorti~~ation schedule attached hereto marked Exhibit A and made a part. hereof by reference. E. All payments shall be made to the Escrow Agent, t.o the credit of Sellers. Ii'. It is understood and agreed that said property is subject toa first mort.gage at the Equitable Building and Loan .ll~ssociation of Grand Island, which mort.qage is not assumed by Buysirs. In the eVent that said mortgage should become i.n default: or if for any reason is called due by EqQ.it..able, then .Buyers shall have the right t,o either assume the payment. of said mOlrtgage payments, full credit for the payments to be made to Sellers, or may payoff this contract in full. It is the intention of the parties, however, that said first mortga.ge shall remain as a lien on the real estate and shall be paid in full when Buyers make th(;~ir final payment to Sellers. Buyers may make the final payment jointly to Equ.it.able Building and Lo>an Association and Sellers. 3. Place of Pi'l.yment. All pa'i1nents due h(~re1.1nder shall be made to the EScrow Agent <:l.nd shall be cred.ited tQ the Sellers and the parties hereto shall request that said Escrow Agent record all payml!mts received pursuant t.Cl this J\9reernent. 4. ~"r~len!. The Buyer:'s shall be t.ted to any of the amounts due hereunder \vithout. t.he prior written consent of the Sellers, without penalty, 5. J...ate PaJJrment:. Should the Buyers fail t.o make any installment of principa.l or interest due hereunder or should payment: of such installment be postponed as provided herein, t.hen the amount of such installment shall bear interest at the rat.e 0:1: sixteen percent (l6%) per annum during such per."iod of de 1 incll"umcy . 6. Possession. Buyers shall be (-'tuti tIed to possession all {)f t,he being sold as of the fh:st The date cd of this shall , except if it is for ~ I:. ~, i:'.~'.' l' 'cf: ~ l, in t: i t:c, 'the reJ.:i.l p.r('),p.e.;rt}J'1 a,s 9 of this . then the date b,Ul after such defeces are ~ured. - :: ..