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r C3~--~.~(1 ~ri~ir~. r KNO4d ALL MEN BY THESE PRESENTS: AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE The undersigned Seller does hereby sell to the under- signed Buyer, the following described real estate for the price and upon the terms and conditions herein set forth, and the undersigned Buyer does hereby accept said terms and conditions, agree to pay the purchase price, and to perform the obligations of Buyer hereunder. 1. The Seller is: GERALD FREDERIKSEN and L. JUNE FREDERIKSEN, husband and wife. 2. The Buyer is: WAYNE SMITH d/b/a S & S CONSTRUCTION. 3. The legal description of the real estate is: Lot Four (4) and the east half of Lot Five (5); and Lot Six (6) and the west half of Lot Five (5), all in Shady Lane Sub- division, Hall County, Nebraska. 4. The purchase price is $10,500.00. 5. The purchase price shall be paid as follows: A. Cash payment at the time of the execution of this Agreement, receipt whereof is hereby acknowledged by Seller. $ 5,250.00 B. By Promissory Note in the form of Exhibit A hereto, which is delivered at the time of the execution of this Agreement. $ 5,250.00 $10,500.00 6. Buyer shall be entitled to possession of the property upon the closing of this transaction and the closing shall be on execution of this Agreement. 7. Within ten days after the execution of this Agreement, Seller shall furnish Buyer with a legible abstract of title, extended to date by a registered abstracter, which abstract shall show marketable title to the premises to be vested in the Seller subject only to easements, restrictions, conditions and encumbrances herein set forth. Within ten days after Buyer's receipt of the abstract Buyer shall furnish Seller with a written opinion from Buyer's attorney containing any objections to Seller's title which Buyer claims to exist. If Buyer finds any meritorious defects in Seller's title then Seller shall have the option of canceling this Agreement and refunding Buyer's downpayment in full or of correcting and curing the defect in title. If Seller elects to cancel this Agreement, Seller shall refund Buyer's payment hereunder in full and this Agreement shall thereafter be of no further force or effect cahatsoever. Zf Seller elects to cure and correct the defect in title Seller shall have a reasonable time within which so to do. 6. Seller shall pay (i) the Nebraska documentary transfer tax and (ii) the general real estate taxes for the year 1981 and ali prior years. Seller shall also credit Buyer with 10/12ths cf the estimated 1982 general real estate taxes estimated upon the general real estate taxes for 1981. 9. Seller shall pay ali special tax assessments against this property up tc Closing Date, except ~r the following which Buyer hereby agrees to assume anc, :y, to- wit: Nane. -l-