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79_, f~U170b CONTRACT FOR SALE OF REAL ESTATE THIS AGREEMENT, made and entered into by and between Wayne E. Essink and Suzanne Essink, Husband & Wife, and Lawrence N. Essink and Linda C. Essink, Husband & Wife, and Duane R. Helmink and Connie P_. Helmink, Husband & Wife, all dba Four-wa Development, hereinafter called the Sellers, and Fred hI. Janisch and Donna M. Janisch, Husband ~ Wife, hereinafter called the Buyers, 4r'ITNESSETH; That Seller hereby agrees to sell and convey to Buyer and Buyer hereby agrees to purchase from the Seller the following described real estate in Hall County, Nebraska, together with ary and all improve- ments and any personal property thereon, hereinafter called "the real estate": Lot Nine (9) in Block Five (5) in Pleasant Hi11 Addition to the City of Grand Island, Hall County, Nebraska, upon the fcllowing terms and conditions: I. The Purchase Price and Manner of Pa°ment 1. As the purchase price for the real estate, Buyer agrees tc pay to Seller and Seller agrees tv accept from Buyer the sum of Seventy Seven Thousand Fiae riundred Dollars ($77i500.OOj. 2. The purchase price shall be paid in the following manner: {a} The sum of Ten Thousand Dollars ($10,000.00) shall be payable on March 26, 1979, which is the closing date. {b) The balance of Sixty Seven Thousand Five riundred Dollars ($67,50fl.00} shall be payable at the rate cf Six Hundred Seventeen Dollars and Forty-Five Cents {$617.4j) per month commencing May 5, 1979, and payable an the 5th day of each month thereafter until May 5, 1984, when a balloon payment is due anal the Buyers will assume the First Mortgage Balance. Interest on the unpaid balance shall be computed at the rate of Ten and One-Half Percent (10.50p) per annum vn the unpaid principal balance, commencing March 2~, 197?, and each payment shall include interest accrued to date of payment all in accordance with the attached amortization schedule. {c} Buyer shall have the right, without penalty, tc make additional advance payments of all or any part of the principal balance due hereunder on ar_y principal payment date. (d} All installments of principal and interest shall be paid to the Seiler at 1705 South Holland, Grarsd island, Nebraska, 6$$Ol. II. Taxes a_^.d Possessicn i. Seller agrees tc pay the general taxes accruing or. the real estate on and before the date of closing, and Buser agrees to pay the general taxes on the real estate begirnis.g with the taxes accruing on and after the date of closing and all subsequent years. Taxes for the year 397 .shall be prorated between Seller and °uyer on a Gaily basis, based upon assessments for 197 and shall be crcdi+Yed tc Buyer at clcsirg. 2. Seller agrees to place ruyer in possession of the above described real estate on the closing date. ~. Bi2yer afire=s t?`at i f i,r c?~al 1. fail ~ La'> ;: 3.3:5 G=:'~?'e they become delinquent, any *axes against the realyestate `'r.^ t..e y==ar lo'9, or any subsequent .year, Seiler may pay said taxes and t^e a*~:ount 'id shall become due and payable fortY:with by the Bayer to the Seiler/~ w+l}hc+wt notice or de,~and and shall beco,:,e a part of t?'ie p~°ir:eipal due under this contract. -~-