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<br />AGREEME17-SALE OF ~~L ESTATE WITH DEED IN ESCROW
<br />
<br />THIS AGREEMENT, made this 1st day of March, 1974, between FRANCIS
<br />S. SCHEPERS and TERESA A. SCHEPERS, Husband and Wife, whether,one
<br />or more in number, Party of the First Part, andRONALDH,SPIEHS
<br />and JEAN ANN SPI~~S, as tenants in common to each an undividedone~
<br />half interest therein, whether one or more in number, Party oithe
<br />Second Part;
<br />
<br />The Northwest Quarter of the Northea~t Quarter
<br />(NWtNEl) and the East Half of the NortheastQuart~~C
<br />(E%NEl) of Section 2, Tow\>:,' ip 10, Ki!lrth,Range a,
<br />West of the 6th P.M., ' LL County, ~el:>ra.ka.' Said
<br />sale to inc1uu~ an eleccric motor on irrigation well.
<br />
<br />
<br />WITNESSETH, That the Partv of the First Part, Sellei'"h8$
<br />this day sold to the Party of the Second Part, Buyer,the<f~t':toto1Utg
<br />described property, to-wit:
<br />
<br />It is mutually understood and agreed between thepa~ea,
<br />that all appurtenances thereto belonging and nl!)wthereon,inGiud~
<br />all buildings, fixtures, rights, improvements, &:\\rdeus., feneee:,ga-el!!h
<br />easements and all rights of any nature to such real estate shall be
<br />transferred to Buyer with settlement of this agreeme.nt, excepting.
<br />only the following items of ownership which Seller specifically
<br />reserves,
<br />
<br />RESERVATIONS: None other than 18 lengths of 20 ft.
<br />irrigation pipe
<br />
<br />SALE PRICE AND PAYMENTS: The Second Party, Buyer, hereby
<br />covenants and agrees to pay to the First Party, Seller, as full
<br />consideration for the above premises, the total sum of ... $135,000.00
<br />payable as follows:
<br />Cash in hand paid, receipt whereof is hereby acknowledged $ 1,000.00
<br />On March 1,1974......."..,.."....,..,....,.............$ 24,000.00
<br />Principal amount remaining due as of March 1, 1974........$110,000.00
<br />wt11-cn toget:her wien inceresl on sitid d.ili0lint remaining due from t:.h~
<br />1st day of ~tarch, 197/+, at the rate of 7~lo per annum, payable annually,
<br />such intcres t BEING IN ADDITION TO THE PRINCIPAL AI.fOUNTS, payable in
<br />installments on the following dates and in the following amol;;nrs:
<br />
<br />Jj,. 1/./1r-on or before March , 1975...Interesc S8,250.00...Principal $3.500.00
<br />'Ph Ii Z,m On or before l'tarch 1, 1976...Interest $7,987.00...Principal $3.500.00
<br /> L _.i: _~_ _...__1- 1 1977... Interest $7,725.00...Principal $3,500.00
<br />Li" ~ un or i)~l.U!.t::: .!."l.cU. L ! ~ " ,
<br />" ....;." t1 --'9 ~ ".I-} On or before March 1 , 1978.. .1nterest $7,462.50...Principal $3,500.00
<br />"
<br />:J!.it, I~'", On or before March 1 , 1979. "Interest $7,200.00...Prineipal "., rn.A "^ ...
<br />..".:J J JVV. VV,'I;~
<br />. _ .-L ~" -tOn or before March 1 , 1980..,Interest $6,937.50...Principal $3,500.00 ,i-\l
<br />. _:., 1<<" _-1-
<br />< " '.<On or befo:~e March I, 1981... Interest $6,67S.0J...Principal $3,500.00
<br />,-,',.' , '.' 'l,.1i'Io-~n or before March 1 1982."Interest $6,412.50...Principal $3,500.00
<br />i,
<br />jj~1 '-l-tS On or before March 1, 1983...Interest $6,150.00...Principal $3,500.00,'t".:
<br />.It~)& or before March 1, 1984... Interest $5,887.50...PrincipaI $3,500.00
<br /> On
<br /> On or before March " , 1984."."..,..",.",.,..",."..,. .S75.000.00
<br />
<br />FIRST PARTY, SELLER, AGREES:
<br />
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<br />
<br />a. ABSTRACT: That they will furnish an abstract showing merchantable
<br />title of re~:ord and submit the same to Second Party, Buyer, as soon as
<br />possible, for examination ,md approval,
<br />
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