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79- t~ ;,1(721
<br />ZII.
<br />Title
<br />1. Seller agrees to furnish Buyer with abstract of title
<br />showing merchantable title to said real estate. In case Buyer's
<br />attorney makes objection to the abstract of title, the Seller shall
<br />have sixty l60) days from the date that Buyer notifies Sellers of such
<br />defect to correct same. If Seller fails or refuses to correct 2ny defects
<br />in title Buyer shall be entitled to rescind this contract, and receive
<br />back from Seller all. payments made hereunder.
<br />2. Buyer agrees not to place or to allow to remain if placed
<br />Dy other any liens or encumbrances t:pon the real estate until Seller 2s
<br />paid in full under this contract.
<br />3. A Warranty Deed conveying the real estate to the Buyer
<br />shall be placed in escrow with the Escrow Agent hereinafter named and
<br />upon full payment of all principal installments and accrued interest
<br />by the Buyer and the performance of the Buyer of all convenants and
<br />conditions which, by the terms of this Contract, are to be perforlped by
<br />the Buyer, or its successors, heirs, nominees or assigns, the Buyers
<br />shall De entitled to the delivery o:' the Deed from Lhe Escrow Agent.
<br />Sufficient revenue stamps shall be placed upon said Warranty Deed at the
<br />expense of theHuyer. The parties agree that Contract for Sale of
<br />Real Estate may be filed with the Hall County, Nebraska, Register of Duds.
<br />ZV.
<br />ReRediea on Default
<br />1. ?n csse the Buyer is in default for a 1;-day period on any
<br />payment due under this Contract, the entire amount owing on Chia Contract
<br />shall become due and psyable at once at the option of the Seller. Buyer
<br />shall be entitled to written-notice of the same Sf the Seller elects to
<br />exercise the option to make the balance due under this caztract. If the
<br />balance due and payable 1~ not made within 3o dens of written notice or
<br />other agreeable terms established, Sellers w211 have the right to demand and
<br />expect delivery of an acknowledged quit 'lslm Deeri placed with the escrow
<br />agent hereinafter named. in the event of default and claiming of the
<br />6uit Clair! Deed by the Sellers, the Buyers agree to give Sellers Quiet and
<br />peaceful possess?on o.* the oroi+erty,
<br />2. At any time before default is declared by Seller, Buyer map
<br />force the delivery f,f the Warranty Deed from *_he !•_scrow Agent and the
<br />:,alias tay a„ a~tl~s, for a~er'lftc per'xc~r~t,n~=r ii' sz~i~.l warranty ~~eed SR not
<br />~e r~ ~ - -- f'°EJ ~, erFtz a.. uri ~.~.- ---~-- __.. ..---_ ...V_' ..__.. =:.a ~~ ,_;,i
<br />all other cor:dition a€:d raver.ants have tree" me*,, ey yuyer.
<br />V.
<br />Risk of Loss
<br />1. Seller assume. full risk for any damage, loss or drstructlen
<br />Co the real estate, from the date herPOf until the Closinr; Date, and in
<br />connection therewith, sha2i mair;tair. in working condition, until Closing
<br />Date, all heating, air-conditioning, water, sewer, plumbing, and electrical
<br />systems and any built-in app.llancea located en the real estate. In the
<br />event that any such damage, loss or destruction shall occur before the
<br />ClosinK DH*P, Gw11Pr vhal' rxo vny r,„,rs ~,•~ r,a,:t.,rt..,r, rPhn!irfing, rAl+rt!r±r?g
<br />or replACi.sg ittr• =•t^~t r';:r z. _. ~_ .~ - .,.11 t it~~~ at. ~~.tz.',t ~•~°m~ arut~ie Ceti 1Ls
<br />prevl0ua cundltlorz; fir ~viri~~l, r_uwever, tizat in the event tt:ttt an;~ suel: 2css,
<br />diaai~a or destruction to any parcel of the real eatatc Sa material, either
<br />party shall have the option to rescind this Agreement. If ouch reaciaalon
<br />shall oacui , :faller shall rtl`und tv Sayer ail payrrienta previously paid and
<br />neither party shall thereafter have any further responsibility tv the
<br />other. Buyery hereby agrees to aaaum,~ all risk of damage, loan or dratruc-
<br />tivn to the real estate from and after the cloning date.
<br />2. Euyer agrees to maintain at its expanse fire and extended
<br />covera~er to:uranar on the real estate and its contcnta in a company
<br />approved by the Seller in aarounta at leant equal Lo the total unpaid
<br />balance due under this Contract, duly endorsed to show the Seller': interest
<br />and to provide Se11Rr with certificates from lnsurer.~ evidencing such
<br />insurance in force.
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