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<br />d. The entire balance due under
<br />due and payable in t'o11 in aile balloon
<br />2000.
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<br />(5) Said payments are to be made directly .to
<br />Buy",r,
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<br />e. Rents on the abOve property shall be prorated
<br />date of closingalld Buyer shall be given credit for any
<br />deposits in Seller's possession on the date of closing.
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<br />f, It is mutua.ll y agreed between the parUesheret9 thilt
<br />the buyer may prepay this contract in full prior to septetnher
<br />2000. llowever# if the contract .is p-repa,id~ ttwn_a 5.~"".-J!7!}a2~_~,g~__,_,cfqr:
<br />prepayment will be accessed on the unpaid principalbalatl(:e.. The
<br />5% penalty would cover the capital gains cost to the BeHerif
<br />loan is prepaid prior to September 1, 2000. It is also agreed t~t
<br />the Buyer will not make any extra principal payments in e~ess of
<br />$1,000.00 in anyone year beginning 1980 and ceasing September 1,
<br />2000.
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<br />g, Taxes and Assessments. Seller agrees to pay all taxes
<br />and assessments up to and including the y&" 1979 and shall pay
<br />1980 taxes to the date cf posses'-:'on. Ta);"~~. for the year 1979
<br />shall be prorated to the date of };-.c,ssession-.. Buyer expressly
<br />agrees to assume and pay all real estate tax",s from the date of
<br />possession tor the year 1980, and to pay all taxes for the year
<br />1981 and subsequent years, and to furnish Seller with paid
<br />receipts prior to delinquent dates, Taxes for the year 1980 shall
<br />be prorated to the date of i~ssession based upon the new assessed
<br />valuation of the County llsscssorfs office. Buyer agrees to pay
<br />a.ll special assessments !.<.'hich roay be ,levied against the property
<br />after the date of the execution of the Agreement. All prior
<br />special assessments which' haw.'> lx_'t'.'11 1 evi ed against the property
<br />prior to the datp of this Aq.n;;;>emtnlt slwll he- the respollsibjlity
<br />of the Seller.
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<br />2. Seller's interest. ft .is agl'eed that all sums received by the
<br />Seller shall i!Hlrf' to t:ht:' lXHH~f,it of the Sellers as joint tenants ",ith rights
<br />of sur\r_iVOt'sfu~p und not '-IS tf'n.jnt~ in common,' th(1[ tht"~ survivor may execute
<br />all rele.ases Jnd other ,1d("Ulr<<-_.ltt~; t-Cl p~.'r-((,....t t it]" 1ft the BUI-JCl"S.
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<br />J. Title t:xaminatior:.. Scllt;;.'>r shall furnish Buye~ an abstract:
<br />or title or d tltle Insurance binder, showing' marJeetable title, as defined
<br />in the Marketable Title Act of the laws of Nebraska. Buyer agrees to furnish
<br />Seller a writtell opinion from his attorney showing defects; if any, 1n the
<br />title to the real estate, and Seller shall have a reasonable length of time
<br />in which to cure such defects, if any. Buyer ag~'ees to approve or disapprove
<br />title to said real estate wi thin twenty (20) days of receipt of the abstract
<br />of title or title-insurance binder. If there are defects in title which can
<br />be corrected, Seller shall have a reasonable time in which to cure such
<br />defects, at Seller's expense, If there dre defects in title which cannot be
<br />corrected, this Agreement shall become null and void, and both parties shall
<br />be released from their covenants and obligations hereunder, and all l/r:Jnies
<br />previously paid by Buyer to Seller shall be returned to Buyer.
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<br />4_ Insurance. As of the date of possession herein, Buyer agrees
<br />to insure" and keep insured, the improvements on the real. estdte in a min-
<br />i_ of SIXTY-TWO THC~!SAND 'i'WO JIlIN/HIiW /XJI,[,ARS ($62, 20Q, 00) on tile uni t
<br />located at .114 .vorth Sdd'/, and a minimum of T!I[!<FY THOUSAND OOI,LARS (530,000.00)
<br />011 the unit: located at 805 West 2nd, dga.inst fire, wind~ storm, hail and
<br />extended coverage, payable to Seller and Buyer, as their interests may appear.
<br />Buyer shall optain rental loss insurance on the premises and shall also carry,
<br />lit Buyer's Qh'1lexpense, public liability insurance for bod~ly .injury and
<br />property da_ge in the alllOunt of not less than $250,000.00 and Seller shall
<br />be na~as an additional insured on said pUPlic liability insurance. All
<br />iA$UrlllliCe pay_nts shall be made by Buyer directly and such insurance shall
<br />be obt;a,illed frQlll a. company acceptable to the Sel,ler hereunder and Buyer shall
<br />lurnish Seller with paid receipts showing proof of cov<'rage at least fourteen
<br />{14J days- pC"ior to tilt. expirdtion d..~te. fn tht~ C'vt.'mt: tildt the jJu~\r fdils to
<br />lMktt-"the p.iY.,lts- ~l~~ ti't;',t ff)rtl1 pn:....\'.i(}us-ly~ then rill;;' :::(~1 tOJ' mdY ['\:lY such (tmounts
<br />as they s-ball become du~} dnd ...'U1ViiliCic' thf;~ Sdtoo- Oft _l:~t)d1.{ t)f the Buyer, In the
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