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1i. Possession of the n?°emises shall be delivered to T~!-ryer on or before the ~ ' h day of I~~i~embc=r -,' 1~3~°----' 5, Sellers agree tc make all paymen?; required on t^.e existing mortgage entered into by the Sellers and ~_______~~__` _` Eouitable Building & Loan, ll~ North Locust, Grand Island, iVb. __ 6. Sellers agree to pay all general real estate taxes and special assessments levied and assessed against the premises to the date of this contract and the Buyers agree to assume and be respon- sible for real estate taxes and"special assessments hereafter assessed and levied against the above described property the date of this con- tract. Huyers agree to pay such taxes before the same become delinquent and agree to provide tkte Sellers with a copy cf the receipts they receive from t}?e payment e2 the same. 7. In the event Buyer shall be or become in de°ault of the prompt payment of any principal and interest due hereunder or ar:v real estate tax deposit required hereby, Sellers may at their option declare trte entire balance immediately due and payable by delivering to Buyer in person or by some form of united States mail rroviding for a return receipt, written notice thereof. 'r'rom and after t}:e date of such delivery, the balance due hereunder, together with any advancements of Sellers for real estate taxes, shall bear interest at the maximum legal rate. If, for a period of Fifteen ll~} days or longer following the delivery of the notice of acceleration from Sellers tO Buyers, Foyers remain in default, Sellers may thereupon re-take the premises and resort to forELlosure of any equity of Buyer in aceerdance with the proper provisions of law- . The signed original of this Agreement, together with a Warranty Deed canveying the premises from Sellers tc> Buyers in accar- dance with terms hereof and the abstract shall be delivered to and held by the Town & Gcuntry Realty of Grand Islam;, :Inc. , as escrow agent, On payments become due after closirg shad be made by Huyer to such eseraw agent far the account of Sellers. At the time cf making each January ir,staliment payment, i;uyers shall pay the Escrow Agent its annual fee. Upon the making of final paymG•nt hereunder and full satisfaction of this Agreement h,y the Buyers, the Bar?x is instruci,~vc thereupon to deliver the teed and abstract to Tr'syer. 9. This agreement contains the entire understanding of the partie::s and no madificatiar. or var~atian thereof sha21 be cf any force and effect unless it be in writing and signed by the parites, The terms and provision hereof are hir,ding upon ar.d shall inure to the benefit of each reSpeCtiVe party anii nis^,I' }ler heirs, perSOnal repT'E'Sentative, suocessors and assigns. • 10. The Buyers agree to maintain fire and extended coverage inSiiranC°c a~,ainSt the property, payable i,0 the Buyers and Sellers aS their interest shall appear at the time of lass, for a total sum of not less than $ 3~,GOG.GO _, and to pay the premiums therefor. The insurance policy, together with the loss pa,yble clause, shall be }:ept current by the Buyers and shall be deposited wit}; tyre Escrow Agent. drrring the term o.f this eoni;ract or until the full zurc%?a.se price has bean paid.