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<br /> <br />CONTRACT FOR CONDITIONAL SALE~OF REAL ESTA'PE <br />THIS AGRF,EMENT, made and entered into thts _~~ day cf ~,' Pm er__° <br />~Q ?~ by and between`Tr,}-,n ~nj Lo; ;: ,'~. ~-f,=if~r i=i~st_•_inc_~ a?rd :dif'e, <br />and i~arvin A. WeTiihoff anti dada L. 'n`ei;,h:f'f_ __..~__ <br />husband and wife as ,Joint tenants with the right of _.urvivarship, aot ~~_._ <br />tenants in common, herein called the °OSeders,~t and _ yc`a.~on Ir,vestmen+•.~., <br />hereinafter cal:Led the "5u~/er" <br />fne.- _.. <br />as follows: <br />1. Seller agrees to sell and Buyer agrees to purcrasc the <br />follovring described real property: <br />Lot Two (~) in Block T°nrelve (12} in College addition to West <br />i.awn an Addition to the City cf Grand Island, f;a.l1 County, <br />Nebraska <br />2. Buyer agrees to pay as the total L~r:rchase p~^ice~'G.580,00 _ <br />as fallacas: <br />a. $500.00 which was paid to Toc,~n & Gauntry Realty of Grand <br />Island, Irc., an the _~0th day of December _, lg 78 when an <br />offer of purchase was executed by the Beyer. <br />b• ~~,a00.d , -*rtith the executicn of this c:~ntrset, receipt <br />of which is hereby aoknowledged by the Sellers. <br />c. TYte balance of the purchase price ir. the amount of i21 - $~_fl~ <br />shall be paid in .inn monthly payments on the 1st _ day of each <br />calendar month hereinafter, with interest upon the u~7paid balance at the <br />rate of lpb per annum ir; acccrdance vaith the attached schedule of <br />paymentsy marked Exhir:it "A" attached hereto anti irieorporated herein b3. <br />reference, with monthly principal and interest payments in the amount <br />of ~(~~ d=~ per month, with the balance of the principal and inter- <br />Ls'u due being payable an tho____ day cf ~~; ~~/ 19 , as <br />final payment hereunder. <br />d. buyer reserved the right to pay the entire prir.c?pal at any <br />time without any prepayment penalty paid to the Sellers. <br />3. Sellers agree to furnish an abstract cf title to the premises <br />certified to the date of this cor<tract showing marketable legal title <br />to stand in the name of the Seders, sut~ect only to easements and <br />restrictions of retard. 3u~,3er shall thcreuFon iriarediately have such <br />abstract examined by an attorney of their chore and sahll furnish Selie <br />a copy of such attorney's title opinion. In the event a defect in the <br />title of Sellers appears of record, Sellers sha11 be granted a <br />reasonable time in whi.eh to cure same. In the eceri such defect tan-not <br />be cured or can not be cured at a cost of the tiellers nut to exceed <br />500.flt1 the deposit made by Buyer and any additional payments <br />made under this contract shall be refunded and neither ,arty shall have <br />any liability to the other, <br />