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<br />84 - 005i81
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<br />b. DEFECTS: Upon notice fr,^~ B-uyer, of- -defec-ts, tf any,: in
<br />abstract, the Seller shall have a reasonable time to perfect
<br />defects in title.
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<br />w. DEED: To convey by Warranty Deed, 'inc luding homesteadril5!t~~~ ,c.
<br />free and clear, of all encumbrances, except as s~ted h~rl;lttr..,~,.
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<br />d. POSSESSION:
<br />property above
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<br />To place the B~y:r in .phy~i7al_!:ossess:ion oft::~'
<br />describ~d on or oeI:ur~ ~-2-ron .Lj, 1~f;J14~
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<br />e. TAXES:
<br />prior years.
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<br />To pay all general taxes for the year 1913~ aijd:~Wi
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<br />ESCROW AGREEMENT: A Wan:"y Deed to carry ot1tt:lie.tr~:S~~:
<br />above described has this date been executed by Seners 8l:J.d'di:! .
<br />with a copy of this agreement, to BANK OF WOOD RlvEROf~d,
<br />Nebraska, which is hereby appointed by the parti~s ae<&iJ'F;;
<br />thereof. Said Escrow Holder is hereby authorized to r~a~tV'e:~\,:)
<br />all payments for Seller on this contract and to. give- 'reeei,;ea~~_---~~!:~;'; -
<br />and to deliver to the Buyer said Warranty Deed upon finalset:tl~ "
<br />as above set forth, to make payments for the Seller from such'rElfle*Bts',
<br />for costs of such trll.nsfer and escrow expenses. It is further ~etl"
<br />that such Escrow Holder in accepting this escrow is acting alLa
<br />depository only, and is not a party to, or bound by any agreement
<br />herein contained other rhan as depository and may hold all papers.
<br />documents and money in escrow until any and all differences of opinion
<br />may be a2:reed upon by the parties or until the same us finalLy , " .,,' "
<br />adjudicated in a court of competent jurisdictibn. It being specifi~.t~y:
<br />understood that the escrow fees with the Bank of Wood River at Wood
<br />River, Nebraska, will be shared equally by the Buyer and Seller.
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<br />SECOND PARTY, BUYER, AGREES:
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<br />a.. ABSTRACT: To oDcain opiniuu of title on such g,hstract within
<br />two weeks after the same is delivered to Buyer for Examination.
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<br />b. ALTERATIONS: To make no alterations or changes on said real
<br />estate without prior written permission of the Seller.
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<br />c. TAXES A~~ INSURANCE: To pay all taxes due on sala real estate
<br />for the year 1974, and subsequent years, prior to the time wh~n such
<br />taxes shall become delinquent. No insurance~
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<br />d. To make the payments above called for, including interest payments
<br />at the times and in the amounts as stated.
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<br />e. DEFAULTS: In the event that the Second Party, Buyer, refuses or
<br />fails to make any payments of such principal or interest for a period
<br />of 60 days after the same shall become due, or the breach of any
<br />covenant or covenants contained herein, this contract, at the option
<br />of the First Party, Seller, shall be forfeited, and the Party of the
<br />First Part, Seller, or their heirs or assigns may, without notice or
<br />demand, declare the entire principal sum then unpaid, with accrued in-
<br />terest thereon, il1l11ediately due and payable; and the Second Party,
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