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i FO& THE SALE OF RLaL ESTATE - This agreement made and entered into this ~d ~~day of Aprii, 1979, by and between Allen M, Jehrsor_ and Elva Mae Johnson, husband and wife, as joint tenants and not as tenants in common, parties of the first part, the sellers; and Beverly Jane Gronewold and Donald Gronewold, wife and husband, as joint Tenants 1 ` an3 not as tenants in common, parties of the second part, the buyers; HITNFSSETH, that the sellers have this day sold to the buyers and the buyers have agreed to buy from the sellers, subject to and upon each and all of the terms and conditions and provisions hereof, the following premise§, to wit: Loi Sixteen (16}, Block One (1), Island Acres Na, 2, being a repiat of = Lots, 1, 2, 3, 5, 6, and 7, Island Acres, City oP Grand Island, Hall County, Nebraska, together will all the tenements,.hereditaments and appurtenances there#.o be- longing and now thereon, for which the buyers agree +.o pay the sum of Twenty-two Thousand Five Hundred and no/100 (=22,500.88) Dollars, payable as follows: 1, 1100.00 upon the signing of this agreement, receipt whereof is hereby acknowledged by the sellers, 2, The remaining balance shall be paid within twenty-one years of this date, with annual payments on the principal in the minimum sum of 5500.00, not to exceed ;1125.00 withaut the consent of the sellers, on or before December 31 of each year, together with interest accrued to December 31st of the year of the payment, said interest on the unpaid balance shall accrue and be payable at the - - rate of- seven (7~}-pe-~ gent per annum, commencing in 1979, 3. The parties of the second part shall be entitled to possession of the said premises under this agreement immediatly upon the signing hereof and the payment of the sum shown above in paragraph 1. 4. The sellers agree to pay the 1978 and all prior real estate taxes and the buyers shall assume and gay all subsequent real estate taxes thereon. 5. Said buyers agree to keep all the buildings and improvements now or hereafter placed un the said premises in as good condition and repair as they now are; nut to commit or permit. waste on sa=d premises; not to use or allow.the premises: to be used-for any unlawful purpose,