82001347 - Laserfiche WebLink

Browse

061,3471 INSTALLMENT CONTRACT FOR SALE OF REAL ESTATE THIS AGREEMENT, Made and entered into this 3rd day of 1976, by and between PHILIP B. HA ZEN and ARLENE E. HA ZEN, husband and wife, hereinafter referred to as the "Sellers". and LEONDIS L. LUCAS and MARY L. LUCAS- husband and wife, hereinafter referred to as the "Buyers". WITNESSETH: That the Sellers hereby agree to sell and convey to the Buyers, and the Buyers hereby agree to purchase from the Sellers, the following described real estate, located in Hall County, Nebraska, hereinafter referred to as the "real estate", Zo-wit: The East Half of the North Half of the Northwest Quarter of the Northwest Quarter (E!,. FNWz'NIV;F) of Section Two (2) , Town- shtp Ten (10) North, Range Ten (10) , West of the Sixth Prin- cipalMeridian, in Hall County. Nebraska, and containing ten (10) acres, more or less of which 0.5 acres is in the public road right of way. upon the following terms and conditions, to-wit: (1) That the Sellers and Buyers both agree that the Buyers will take title to the above described real estate as joint tenants and not as tenants in common. (2) PURCHASE PRICE. As the purchase price for the real estate, the Buyer., agree to pay to the Sellers and the Sellers agree to accept from the Buyers cite sum of FORTY-NINE THO[l,SAND AND N01100 ($49, 000.00) DOLLARS. That the purchase price shall be paid in the following manner: (a) $500.00 to be paid by the Buyers to the Sellers at the time, or sometime prior to the signing of this Contract. (b) $7, 500.00 on or before July 1, 1976, (c) From the date of possession until final payment, the balance of the contract price will bear interest at the rate of 8 314 per cent. That one month after the date of the payment of the $7,500. 00 as referred to in Paragraph (b), that thereafter on the first of each rnonth the Buyer will pay the sum of $300.00 per month to the Sellers. That portion of the .300.00 will be first credited to the payment of the interest and the balance of the .300.00 per month payment will be credited to the principal. The $300, 00 per month will continue for a period of ten (10) years and that at the end of ten years the balance of the amount due will be due and payable.