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<br />! <br /> <br />~. Buyer qualifying for a home improvement loan to cover <br />costs of required improvements. <br /> <br /> <br />KN'QW. ALL MEN BY THESE." P-RESEN'I'S-: <br /> <br />The undersigned SeUer hereo.ysells <br />following described real estate for <br />and conditions herein set forth, a.nd <br />accepts said terms and conditions, <br />price, and covenants to perform the <br />hereunder. <br /> <br />1. The Seller is: THE CITY <br />municipal Corporation. <br /> <br />2. The Buyer is (whether one or more): <br /> <br />Jeffery G. Lowry I Kathryn J. Lowry, <br /> <br />3. The legal description of the <br /> <br />Lot Five (5), Block Eighteen (18), _ ig1tlal'r_owtl <br />Island, Hall County, ~ebr~ kB <br /> <br />4. Tbe purchase price is One Dollar---($1.00)---, <br />______L'" _ _.... ^'1'__I__ <br />paYauJ..~ 0::'" \...-l.v.:s.,l,.i1ts. <br /> <br />5. The completion of this <br />following: <br /> <br />B. The sale of the premises being approved by the Community <br />Development Agency Advisory Committee and the city <br />Council of the City of Grand Island, Nebraska. <br /> <br />6. Buyer covenants to perform the following obligations: <br /> <br />A. To begin remodeling construction on the premises <br />within 30 days after Closing, such oonstruction to be <br />performed pursuant to specifications shown on Exhibit <br />"A", incorporated herein by reference. <br /> <br />B. To complete remodeling construction on the premises <br />within 18 months after Closing. <br /> <br />C. To live in the premises for three years after closing. <br /> <br />D. To permit Community Development Agency employees to <br />monitor the construction work on the premises during <br />rehabilitation. <br /> <br />E. To plant and maintain a neat-appearing grass yard and <br />to avoid the storage of garbage. trash or refuse on <br />said yard. <br /> <br />F. To pay all real estate taxes and special assessments <br />before the same become delinquent. <br /> <br />u. To pay the fee for recording the Buyer's Deed. <br /> <br />H. to pay all mortgage and insurance payments before the <br />same become delinquent. <br /> <br />L <br /> <br />7, Buyer shall be entitled to possessi n of the premises upon <br />Closing of this tr'ansaotion. The C osing shall be on or <br />before 150 days after the date of t is 19reement, provided <br />that the contingencies stated in '5 above have beer! satisfied <br />