|
<br />_._ _
<br />~_
<br />230-Agseetaoat for Wnrranip Deed
<br />
<br />rho Auffinen General Sugpiy Ho¢ea, Lincoln, Nebr.
<br />_. _,-_
<br />THIS AGREEMENT, made this 6th day of July , t9 79 .between
<br />DWIG$T W. WINGER and RUTH C. BINDER, husband and wife hereinafter referred to
<br />as the seller(s) and
<br />DALE R. SALLANS and NANCY A. SALLANS, husband and wife hereinafter referred to as the buyer(s).
<br />LYITNESSETH, that tfze seller(s) hereby covrnant(s) and agree(s) that if the buyer(s) shall first make the pa_y-
<br />fneist(s) and perform the covenants kereinafter mentioned on his, her or their part to be made and performed, the said
<br />seRer(s) agree(s) to furnish buyer(s) a good and sufjcient abstract of title showing a merchantable title of record to
<br />the premises hereinafter described in the seller(s), axd will convey mzd assure to the buyer(s), in fee simple, clear of all
<br />encumbrances errept as stated herein, by good axd sufficient Warranty Deed, the follosdng lot, piece and pane! of
<br />yratcnd, to vat;
<br />Lot Three (3) of Sass Second Subdivision in Section
<br />Fcurteen (14), Township Eleven (11) North, Range Nine (9)
<br />West of the 6th P.M., in Hall County, Nebraska
<br />APID
<br />Lot Six (6) of Sass Second Subdivision in Section
<br />Fourteen (14), Township Eleven (11) North, Range Nine (9)
<br />West of the 6th P.M., in Hall County, Nebraska.
<br />And ih¢ said buyer(s) ca:~rnant(s) and agree(s) to pay to said sed/er(s), the sum of
<br />FIFTY THOUSAND FIVE HUNBRED DOLLARS AND NO/100 ($50,560,00) COLLARS,
<br />in the ncanner follo-,sring: $500.00 paid May 22, 1979 and $4,550.00 gold July 6, 1979
<br />IJOltars, cash in hand paid, the receipt whereof is hereb}• acknowledged, mfd thr batance payable:
<br />- First payment to be $377.00 due August 1, 1979 and a like amount due the First of
<br />each month thereafter until July 1, 1489 at which time the total unpaid principal
<br />balance plus accrued interest will be due in a balloon payment. If mutually agreed
<br />at the time of the balloon payment by both the buyers and sellers, this contract
<br />can be continued and interest :ate and terms negotiated at that time. It is agreed
<br />that no more than 2S% can be paid during any one calendar year. The above mentioned
<br />payments aze to be made directly to seller at their home address or any other place
<br />so designated by the sellers. The signed deed will be executed and delivered to
<br />Da-Ly Realty to hold in escrow until Lhis contract is fulfilled. It is further agreed
<br />that there is a first mortgage on the property at the present time at Equitable
<br />Building and Loan Association, Grand Island, Nebraska and the sellers agree to keep
<br />this loan on a current basis and to pay off completely when this contract is ful-
<br />filled. The sellers further agree to deliver the abstract to the buye!-s upon ful-
<br />fillment of this contract.
<br />with interest at the rate of 93y per cent per annxm, payable $377.00 monthly on the xohole sum rsmaitt-
<br />ixg from time to dime unpaid, and to pay act general tales, that may be legrlly tesried or imposed upon said land, srb-
<br />sequeAt to the year July 6, 1979 all instaltrnents of special assessments or special tales becoming due or delinquent
<br />~~ July 6, 1979 and >•eep the buildings in a reasanahle state of repair and iaswed
<br />far; 45,450.00 If there is a mortgage on said proprrty, pa}• ixtrrest and tales thereon up to be kepi
<br />current It is mutually agreed that time is an rssrntial elesneni ix this contract. And it is fusther
<br />agreed tkat in rase of any pat~nxrnt, either of principal ar intrrrsi, ramainin_q unpaid far a spare of 60 days
<br />after t#e same shall become da:c, end in case of failure of thr said buyer(s) to nvakr any of the aforesaid pz}rents
<br />provided far htredt or the breach of ary other covenant contained herrin, ttis contract shelf at the option of the seller(s),
<br />be forfeited and aetermined and thr buyrrsJ si:all foricil aI! pa3•snrntr made hereunder, and such payments skalt be
<br />retained by the s¢lIer(sj .:s liquidated damagrr in fu:`1 sntisfaclion ai all the damages sustained, end seller(s) shall have
<br />the rsght to re-raster and take porressian of said premises aforesaid-
<br />That this agreement sha[I not be assigned by bu,)rr(s) vithaut the written ronsent of the srllrr(s).
<br />It it mutuaIIy agreed Chad atl the tovenants and agreements herein contained shall extend to and be obligatory
<br />rpon tke heirs, eaerutars, administrators and assigns of the respective parties.
<br />IN WITNESS -WHEREOF, the parties of thrse presents hwe hereunto set their hands and seals the da_y and year
<br />jest abovr s+ritf¢n.
<br />Signed, seated and dehvertd in tlu: preaenca af -.,.:...:^?.-'`.s~--~..._±~`~_- iS..d` . _--•--.--.--(L. S.)
<br />- - ----•---- z.
<br />.. ...--.....-rL. s.l
<br />~ - -,
<br />
|