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t~ ~s ~iri n ~ _ m ~~ ~ ~ j~ ~ C ran tr - w o ~ o m ~` , ~ ~ A a v ~ _ may. ~ ~ ~ m ~~~ ~ ~ ~ ~ o ~ _ [~ ~ .. r~-- cy ~ t~ to w ~ ~' Y`' ~ 3 ~' ° ~., ~ ~ rxa c' ~ ~ ~.~ ~ to rn ~ ~,~ r' ~ 2 ~ ~ ~- b CTS C ~~ ~~~1 J ` ~ ~ ~ ~ Z ~~ ~ K 1 ~ F ti,.r~ gyp: ~ ~. 2oo9oss3s %~:,~ INSTALLMENT CONTRACT OF SALE THIS AGREEMENT made and entered into this 413'"` day of December, 2008, by and between Dennis and Lorie Kraus, of Grand Island, Hall County, Nebraska, hereafter referred to as SELLERS, and Brent and Kathryn Kraus, husband and wife, as joint tenants and not as tenants in common, hereafter referred to as BUYERS: 1. The Sellers, Dennis and Lorie Kraus are the owners of the property described herein. 2. The Sellers have sold and agreed to convey and the Buyers have agreed to purchase the dwelling, improvements, fixtures and personal property located on the following described property: Vantine's Sub Division E'/z N %z LT 10, 1036 South Sycamore Street, Grand Island, Hall County, Nebraska. 3. The purchase price for said dwelling house, attached. fixtures, and personal property hereafter described is the sum of Fifty Thousand Dollars ($50,000) payable as follows: A. The balance of $50,000 payable on a 10 year Amortization Schedule with interest at the rate of Six and a half (6.5%) per annum, with monthly payment in the total sum of $567.74, which amount includes principle and interest. The first $567.74 monthly payment shall be made on the 5`n day of January, 2009, and an identical pay~nent~made on said day of each month thereafter, for a total of 120 monthly payments, with the entire unpaid baiarri;e dieing payable in full on the date that the 120tH payment is due and payable. Attached hereto and made a part hereof is an Amortization Schedule showing monthly payments, including principal and interest, and cumulative balances due on both principal and interest. The Buyers shall be allowed to make additional principal payments on any payment date, and are further granted, without penalty, the option of paying the entire unpaid principal balance on any payment date, provided all required payments have been made and all of the terms of the Contract fully performed by the Buyers. 4. The Sellers shall pay all personal property tax and insurance to the date of closing under this Contract, and Buyers shall pay all personal property taxes and insurance that becomes due after the execution of this Contract.