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<br />AGREE:HENT FOR SlILE OF REAl; ES.'PATE:
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<br />This Agreentent j!..~- mad€' dnd f'ut-Crt'a into--.this
<br />1980, by .1nd bet....,en LAWREN('t' E. JAl/UWSKJ dlld
<br />hu'sband and wife, hereinafter referrp-d' to as "Sel1.e:t" I
<br />and.MICHEAL J. 1<<)RLEDGE and DAVID L. LEMKE, as tenants
<br />referred to as "Bllyer~, whe-ther one or more.
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<br />WITNESSETH:
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<br />The Seller hereby agrees to sell and convey- to
<br />hereby agrees to purchase .fi-om S'{;--llf-'r, Seller's .incores-t -in
<br />described real estC1tU in (;n.J.nd l:-,;j~ln.J~ /1,,11 ('()/Juh/, N('1'J;'d_~k(1'~
<br />to as the "rcal est.:Jtt!'~ # to-w.it:
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<br />Lot 1, Block 115" Railroad Addition to Grand Island: Hall
<br />County, Nebraska, commonly kno~} as 114 North Eddy~ and
<br />805 West 2nd, Grand Island, Nebraska
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<br />together wi.th all appurtenances thel'eunto belonging and all improvement:s
<br />located on the above-described real estate, and ir,':luding E""rsonal propertg
<br />as follows: window air conditioners, ranges; ref .gerators and some Eur.ni~
<br />ture. The too,is and la.wn aowe~- locatD"~ in the~ I...:t.llitt; room-and shed-'.are-.'_l1o;t-
<br />included in thi.s sale.
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<br />1... Purcr.ase price and Manner of Payment:. As the purchase p~i:ce
<br />for the Seller's interest in the real estate, Buyer agrees to pay to Seller,
<br />and Seller agrees to accept from Buyer the sum of SEv.eNTY-FIVO THOUSAND
<br />OOLLARS ($75;OOO.O{J)~ to be paid as foLlows!
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<br />it. -rile '-:wu ctt dlit: rUOlJSANJJ UC)/.l.ARS ($l, ono. ()(J)
<br />pr(..)vlousl:./ 0jjd .IS .If! t'df'lH.'-St ft/CJ-lH'I! (b_~r;>(lsit I n'i_"(.jpt f.)f which
<br />Seller dc:knowledyes.
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<br />b. The sum of 'tEN 'T'ffOUSA,ND TWO HUNDRHD PI FTY OOI~l.ARS
<br />($10,250..00J as .a dOWnpfllJm~;mtf to be pali' upon closing..
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<br />c. The balance of SIXTY' THREE.' THOr;SIlNfJ SEv.eN HUNDRED
<br />FI1:'TY OOLLA...qs ($b3,;50~Oa.1 snit.II be paid as follows:
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<br />(1) 'Fo:: the (1 rst t"en (to) years, Buyer sha1.1 pa.y monthly
<br />inst,.:dl!fl~;:I.it5 0;- _~ wilic.:ll 1,5 based on d 25 yea.r
<br />,i."v.ft~JZatlon~ r.te tlrsf. f''dl.juJfmt is to be m.ftde on or
<br />befOl.~ the ;'st ddY of Septf.'m.berj 1,980,. and an equal
<br />dfflOUllt on or be[{)?,"e the .1 st day of edch month
<br />thereafter. Said monthly install_nts for the fir,$t
<br />ten (lO} Yt."-iJ.:'-S shall illc-Lude interest at the rate of
<br />1 0\ J>t..~r annum.
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<br />(;?; On Septt:.mU:,r 11 1990, Sdld monthly installments will be
<br />iJdjusted clnd based on d 1,,? year amortization. Month
<br />installments ......il1 i}}(;Jude p:rincipal dnd interest at the
<br />rate of 12't per annum and s!kdj i:1ft paid on the 1st day
<br />Q,( t;.\iich ltr)ntil tht=reaftel.".
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<br />(J) In the eVtmt any payments as Cd.!! ed for under paciJgraphs
<br />(1) 01' (2} dL~ve are not !ficule Oil 01' be[ore the tenth
<br />(lOch) day of the month duel a latti. i..:l'idrge of $25.00
<br />shall be .assessed and $haJ 1 be dut!- .und payable immediately
<br />to Seller by Buyer.
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<br />(4) Said monthly lnstallments saall inGlude pri,llcipal and
<br />in;t~re$t at the specific .,fqtes ot intel'est per dnnum
<br />as stated above on all unpaid p_l'incipdl bal.Jnc.."t?s dnd
<br />shall 00 appl i.?d li rst to aC(;l'ued but unpaid interest
<br />011 the balance of principal to tile date payment, and
<br />toon to prlnc,jpal. An "llOOcti:t.atiol1 schedule showing
<br />the break down 'Of principal a:nd int.oe..;:,.rest for .i',!dch of
<br />"<Ii d Pil'dg.'aph..'1 (1) .i.lnd (2J dbove "1,,111 t;,.. obta I H':.1
<br />by ~uve:l'l t;~,,: L'C,St tltereot to b<;! bo.rni~. by thi;;' ftUl/t;.'r.
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