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<br />~3@-~,A9xi+a+a Warr:a3t}^ T.a+e~d rn.e ~-rt.am r~gc~.r:a ~nrr~.r acain~, a
<br />TINS' X16='RE'E3?,b~.~'')`, anode iJais 1st dap of April . tS' 79 , b'¢t=~~z¢n
<br />James L. Dory and Sherrill A. Dory, Husband and Wife hereinafter refereed to
<br />as the seller{s) axd Or+rille J. Pedersen and Mary J. Pedersen
<br />hereinafter referred to as the buyer(s).
<br />WITNESSETH, that the seller(s) .kereby couenant(s) and agree(s) !leer if the buyer(s) shat! first snake the pay-
<br />ment(s) and perform tl:e covenants hereinafter mentianvd on his, h.~r or their part to be made and performed, the said
<br />seller(s) agree(s) to furnish buyer(s) a good and su~ic%ent abstract of title shouring a merchantable t%!1¢ of record to
<br />the premises hereinafter described in the seller(s), and will con:;ey end ars:<re to tlee buyer(s), in fee simple, clear of all
<br />encumbrances except as stated herein. by good axd sufficient 13'arranty Deed, the folloszing lot, puce and parcel of
<br />ground, to wit: Part of the East Half of the Southwest Quarter of the Northeast Quarter
<br />;E'~SW~NF~) of Section Ten (10) in Township Eleven (11) North, Range Nine (9), West of
<br />,he 6th P.M., Hall County, Nebraska, more particularly described as follows: Commencing
<br />tt a point Two Hundred Sixty-Four (264) feet North of the Southeast Corner of the South-
<br />iest (SW a) of the Northeast Quarter (NEB) of said Section, running thence West for a
<br />iistance of Three Hundred Thirty (3301 feet, thence running North fora distance of One
<br />;ltousand and Fifty-Six (1055) feet, thence running east for a distance of Three Hundred
<br />End Thirty (330} feet to the Northeast Corner of the Southwest Quarter of the Northeast
<br />2uartsr (SWtZNEt~} of said Section and thence running South a distance of One Thousand
<br />ind Fifr_y-Six (1056) feet to the place oz" beginning, excepting therefrom a tract of land
<br />sore garticularly described in the Report of Appraisers recorded in the Ha11 County
<br />register of Deeds Office in 1Sook 29, Page 377.
<br />itxd the said buyer(s) co~~Prart(s) and agree(s) to pay to said sztler(s), the sum of
<br />TWENTY-FIVE THOUSAND AND NO/100 ($25,000.00)------------------------------ DOLLARS,
<br />in the manner folio^.uing: FIVE HUNDRED ($500.00} ------------------------------------------
<br />Datlars, cash in hand paid, the receipt whereof is hereby acknowledged, and the balance payable:
<br />$500.00 paid January i8, 1979, and due April 1, 1979 = $4,500.00.
<br />The balance of $20,000.00 to be carried by sellers at 9'Y< interest with principal
<br />and interest payment to be $192.00. It is hereby agreed that the sellers will
<br />pay 3/12*_hs of the 1979 real. estate taxes and will be credited to the buyers at. the
<br />time of closing and the buyers agree to pay all the 1979 and subsequent real estate
<br />taxes when due. It is hereby agreed that the buyers are purchasing the property
<br />and if they do, the sellers agree to deed one-half (1/2) acre of the property to
<br />them so they will be able to get a construction loan on the one-half acre and
<br />the new home. First payment to be May 1, 1979.
<br />with interest at the rate of 9 per cent 4er annum, payable as above an thr uhote snm rtmoin-
<br />%ng from time to time un¢aid, and to pay all general rases, that may be legally lezried or impaled neon said land, srb-
<br />sequent to the year Apr. 1, 1979and al! installments of special assessments or special tares becoming due or delistgnettt
<br />after' April 1, 1979 and keep the buildings in a reasonable state of repair and insnrsd
<br />for $ N/A If there is a mortgage on said property, pay interest and Eases thereon rep to N/A
<br />. It is mutually agreed that time %s an essential element in this contract. And %t is further
<br />agreed that in case of any payment, either of principal or interest, remaining nnpaid for a space of sixty days
<br />after the same shall became due, and %at case of failure of the raid buyer(s) to make any of the aforesaid payments
<br />provided for herein or the breach of any other covenan! contained herein, thu contract shall at the opttan of the sellers},
<br />be forfeited and determined and the buyer(s) sltall forfeit all pavanents made hereunder, and such payments shall be
<br />retained by the seller(s) as liquidated damages in full satisfaction of all the damages sustained, and seller{s) shall leave
<br />the right to re-enter and take possession of said premises aforesaid.
<br />That this agreement shall not be assigned by buyer(s) str%thout the xet'itten consent of the seller(s).
<br />It is mutnally agreed that all the covenants and agreements herein contained shall extend to and 6e abt%gatory
<br />.upon the heirs, executors, administrators and assigns of the respective Qarties,
<br />III' WITNESS WHEREOF, ttis, parties of these presents have hereunto set their hands and seats the day and year
<br />fast. above written. '
<br />Signed Bated astd del%vered %n the presence of ..~.- .. ~~~; .6?~Ls.. ':..._......._._(L. S.)
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