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AGREETAEN' FOR SALE OF REAL ESTATE THIS AGREEtRENT, entered into this 1st day of August , 1974, between EDMARD J. KONAT AND MART KONAT, Husband and iiife, as 3oint tenants With right of survivorship; and E. MERLE ~ieOERMOTT AND MILDRED B. McDERMOTT, Husband and iiife, as Point tenants with rig~it of survivorship; ail of the first part and called "SELLER," and GRAND ISLAND SCHOOL OF BUSINESS, INC., a corporation, of the secerd part, coifed "BUYER," ti1TtE~SETH: Setter has this ~y sold to Buyer the real estate described as Poi Lima: Lots Three {3) and Four (4), in Block Eighty-Three (B3), fn zhe Original Town, now City of Grand Island, Halt County, Nebraska; togeti!ti'r with ail singular tensnents, hereditaments, and appurtenances thereunto belonging or in anywise appertaining, including buildings, for fife total consideration of-Seventy Thousand S No~1OO 070,000.00) Doitars, payable as follows: Five Hundred A No11OO ($500.00) uoiiars, cash down-payment, receipt of which is hereby acknowledged; and Seventeen Thousand Five Hundred 6 No/100 017,500.00) Dollars cash, on or before Septe~er ia, 1914, Buyer assumes the mortgage an Lot Three (3) aforesaid, with a balance due thereon of 316,3Ofr.OO, according to ` '-" ~ -' _ `" fife terms of said mortgage as shoafi recorded in Book 144, -~• Page 377, in the office of Register of Deeds of Hail County, Nebraska. The balance of Thirt Five Thousand Seven Hundred b Nof1OO {S35,TOO.OO~ Doitars, shall be payable by Buyer to Seller at the rate of Two Hundred Ninety-Eight 6 63/100 {S2g8,63} Doiiars per moffth, toaaoencinc October i, t974; and Two Hundred Ninety-Eight b 53j1OO ~S29B.b3) Dollars on fife let day of each and eirery month thereafter until the entire principal and interest shalt be paid in Putt; alt of said principal arx! interest to be due twenty {~) years from date. IL is tascierstoaci and agreed between the parties, that the unpaid principal shaft boar interest at the rata of eight per cent t8f? per arum and i3 iffctudsd to the payafent of 5.63; suds payasent to be apps#ed first to tAe interest atfd then ~ the principal, and due and payable on the same '~F