83006208 - Laserfiche WebLink

Browse

83...;;;.{j06208 ADDENDUM TO AGREEMENT m WHEREAS, an Agreement for Sale and Purchase of Real Estate was entered into on the 8 day of June 1979, by and between WILLIAM SCHUPPAN and ORMAH SCHUPPAN, husband and wife, as Sellers, and HARRY J. ROMANS and ELLEN C. ROMANS, husband and wife, as joint tenants, as Buyers, and WHEREAS, the said Harry J. Romans and Ellen C. Romans have assigned their interest in this Agreement to Howard Kleier and Donna Kleier, husband and wife, with the consent of the Sellers, and WHEREAS, Sellers' consent was given with the under- standing that certain conditions of the original Agreement referred to herein were to be changed. NOW, THEREFORE, it is agreed by and between the parties hereto that this Addendum shall be, and become, a part of the Agreement for Sale and Purchase of Real Estate dated June 8, 1979, above referred to and held in escrow by the Bank of Doniphan, Nebraska. The parties agree to amendments and addendums to said Agreement as follows: 1. The interest rate referred to in subparagraph B of paragraph 2 shall be adjusted upward to the sum of ten percent (10%) per annum against the remaining balance, and it is agreed that the present balance is Twenty Nine Thousand Two Hundred Twelve Dollars and Seventy Cents ($29,212.70) as of November 8, 1983, and by the terms of this Addendum the first payment shall be due on December 1, 1983, and by this Addendum the amount of said payments shall be Three Hundred Dollars ($300) per month for a period of five (5) years, effective December 1, 1983, and ending November 1, 1988. It is agreed that at that time a final balloon payment of $24,832.78 shall be due and payable to the original Sellers herein. will five 2. It is agreed by and between the parties hereto that any conflict between the terms of the original Agreement for Sale dated June 8, 1979, and this Addendum, dated November 17, 1983, shall be controlled by this Addendum. 3. It is further agreed that, by the terms of the original Agreement, a late payment drew interest at eleven percent (11%), and by the terms of this Agreement, it is agreed that any late payments shall draw interest at the rate of fifteen percent (15%) per annum. 4. It is agreed by and between the parties be no prepayment of principal allowed for a (5) years from date hereof. 5. A~l other terms and conditions of the original Agree- ment, including the escrow agreement, shall be in full force a.ud effect, and both Buyers and Sellers shall be bound by its terms. tha t there period of