Laserfiche WebLink
~~~' -2- <br />U£~2847 <br />r 2. 2t is the intentionof the parties hereta,Nand of the <br />I! Seller in each of the above described Contracts that the described <br />properties given to each party, and titled in his and her name <br />remain free of mortgage, assignment and encumbrances at all times " <br />hereafter, and that the parties' intexests in the above Install- <br />ment Contract likewise remain unencumbered, unmortgaged.and <br />unassigned, and edch party hereby agrees_'to abide by such i:nten- <br />tion so as to permit .said properties to zemain'in the Alderson <br />family, and to prevent ay sale, transfer ar assignment of such <br />properties to any party other-than the ~3rties_heren. <br />3. Ir. the e~~~eht that either party hereto decides to sell <br />his or her interest in and to the above described properties, ar <br />his or her interest in said .described Gontraets, each party <br />agrees that he or she shall notify the other i-~ writing cf such <br />intention and within twenty '{20) days after receipt of -such no- <br />tice, the parr_i.es'agree to meet and attempt to ':arrive at a fair <br />and reasonable sa e;pri:ce, which the selling party :will accept, <br />and the buying party will pay for the interest and property'to be <br />so id. If thQ parties agree on a sale price for either of the: two <br />described properties, such sale price or valuation 'shall also <br />apply to the Installmen± Sale Contract covering the other half <br />of the described property. In the `urther event tha the parties <br />are unable to agree to a sale price for-either or both properties <br />within ten {l0i days after their meeting, then they agree 'to se- <br />lect a licensed .appraiser agreeable to each, who within twenty <br />(20) Says thereafter shall =1i•ae an appraisal ofthevalueof the <br />property, as regiiested, and such apara~.sal shall constitute' the <br />sale price for the property, sayable as hereinafter set forth. <br />In the further event that the parties canhot agree on the sale <br />price, and also uEwn an appraiser within ten (lC~i days :after <br />their meeting, then they shall each select an appraiser"bf their <br />choice, and the. two appraisers so se?.ected shall pick. a third <br />appraiser, and the fiqurE: or value agreed upon by the three <br />appraisers shall ccnsticu_e the sale price of *_he croperty in <br />guestian, or in the event of them betr,a unable to agree as to the <br />value, the valuation and sale price si:.~Ii constitute the a~aerage <br />of the three appraised figures submitted by said appraisers. <br />All appraisals shall be obtained and the sale {,ric,r cetermined <br />within sixty {50) days after the selection of a~~nraisers is <br />completed. The sale price, however det~rn[ined,~for the titled <br />deeded property shall constitute the sale prig `or the property <br />sold under Installment Sales Contract. <br />4. Within thirty (301 days a*t2r a sale c:~rice is agreed <br />upon or determined by the appraisal method, abo•.;e described, the <br />parties shall enter into a Contract for the >alcs of the property, <br />as reyuested on such terms and conditions as the parties may they. <br />agree, and in the further event that the parties carnat agree upon <br />the terms and conditions of said sale within sixty {6C1; days after <br />the determination of the sale price, the parties agree that the <br />purchase price for the property or properties tc be sold shall <br />be paid as follows: <br />y. 'iwenty ;20) percent down upon es:ecutior. of the Sales <br />Contract, and twenty (2C) percent of khe sale pricF ~;~ rn~ <br />anniversary date of the execution of the contract for .`our <br />(4) consecutive years, it being the intc•n:.i^n o__* the pa_'ties <br />that the Contract be paid in full in .`.iv:> ;5) ecFuaS install- <br />ments. <br />9. The ~~npaid balance of the purchase -rice shall draw <br />interest from the date of executiun`or .*_t;e ?:ollowinq year <br />at the ra±e charged by the Federal Land ~~.:;~. ;, O^eaha on <br />said date, and the annual interest then,-~ ter _: om an 4ifteL <br />each anniversary date at the r~aF charq d 5v the rece:ral <br />i,2~nd Sank of Omaha for the twe.;ve !12 mor.t[ s £ellow;.n~ each <br />anniversary darn. <br />