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~~-~€t~~2~2~ date as tfie principal payments heretofore set f;,rth; and that the payments under this contract shall be made by depositing to the joint account of Seller at The Curmercial National Bank & Trust Company of Grand island, Nebraska. It is further understood and agreed between the parties; that of the entire consideration of k76,000.00; $25,000.00 thereof is for Lot 3, ` aforesaid, and 445,D00.00 is the consideration far Lot 4, aforesaid. IL is further understood and agreed between the parties, that in the event 3uyer decides to build an Lot 3 aforesaid, he may do so by making a further principal payment of Five Thousand No/100 ($5,000.00} Dollars to Seller, and will pay the existing mortgage thereon, and Seller will then release said lot from any further lien by virtue of this agreement. iT IS FURTHER UNDERSTOOD AND RGREED BETWEEN THE PARTIES, THAT Buyer, shall enter into possessio~i at the time of the payment of Seventeen Thousand Five Hundred and NoJ100 ($17,500.00} Dollars, on or before September i5, 1974; and Seller will account for all the rents as of September 1, 1974, and that the interest due on the mortgage on tot 3 to be assumed by the Buyer, shall be pro-rated and Seller shall pay such interest to Buyer as may have accumulated as of September 1, 1974. i It is further understood and agreed between the parties, that Seller shallpay 1973 and prior years real estate taxes, and will pro-rate to Buyer the i3i4 P'~d ~ ace a~5 , iS o T ~e i, i ~`r i ; +77w. -"'-"-' .-`~' "'°~ It is further understood and agreed between the parties, that Buyer will carry insurar.5e C;n the t~:~ildings of fire, wind and extended coverage, in an amount equal to the unpaid principal balance under this agreement and will carry 1iah~ility cnveragA an said premises of at least $200,000.00, and which said policy shall cover Seiler; that the building insurance shall Barry a loss-payable clause in favor ~f Seller to the extent of their interest in the pranises. Risk of loss on Sellers until 9-15-74. It is further understood ati~d agreed, Seller sfiail furnish B tyer an abstract of title shovring good and marketable ti tie in Seller, forthwith, 2