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<br />
<br />79-~ Ut-4437
<br />CUt1THA~T "r'OR COtiUI'1 !l~t~Ai, SAi.E U'r' Ri;AL ESTATE
<br />THIS AGR};EN1;NT, made and entered into this l5tlc day oC June, 19'i9, by
<br />anti between RICHARa) lv, BAIL'r:Y and Hr'RNICE M, BAILEY, as joint tenants as to
<br />ownership of ape-half of saidrremises, and LY[~WCOD MEYER and MARIAiv PCt.YER,
<br />as joint tenants as to ±he other ape-half interest in said premises, herein
<br />called the "Sellers", and RUNALD L, SM11'r, and SHARON K, SMITH, herein after
<br />called the "Buyer" as follows:
<br />1, Seller agrees t.a sell and Euyers at!rees to purchase the following
<br />desrriY:ed realrroreri.y:
<br />Commencing at the Seutheast corner of tract commonly known as
<br />°Huston~s Feserve" and more particularly described in Deed
<br />retarded in Box 86, page 237. RecarYls of Hall County, Nebraska,
<br />sage heinp a part of the Southeast Quarter (SE1) of the Sauth-
<br />east Quarter (SE) of Section Eight (8), in Towrshin Eleven (11)
<br />?:orth, Rarge Nine (9), YJest of the 6th P, M., Hall County,
<br />Nebraska, and running thence West on the South line of said
<br />tract a distance of Ure Hundred Thirty-Eight and One-half feet
<br />(13£ti°) thence Nortr, at right angles and parallel with the
<br />East line of said tract, a distance of Forty-four feet (k4~};
<br />thence East at right angles and parallel with the South line of
<br />said tract a distance of One Hundred Thirty-eight and One-half
<br />feet (13~3~) to the East line of said tract, thence South Forty-
<br />four feet (44') to the place of beginning. said tract having a
<br />frontage of Forty-Four feet (44') on Broadwell and a depth of`
<br />One Hundred Thirty-Eight and One-half feet (13~?z~)r
<br />2, 3uyer agrees to pay as the total purchase price $24,COC,00, as
<br />follows:
<br />(a) $3600, CC, xith the execution of this centracL, receipt of
<br />which is hereby ackncwledKed by the Sellers,
<br />(b) The balance of the purchase price in the amount of $20,y00,00,
<br />shall be raid it monthly payfiert an the 10th day of ear.,*. aalPn:lar month
<br />hereinafter, wish interest ura^ 'he unpaid balance at the rate of 11$ per
<br />annum in accordance with the a*,.tzched schedule of payments. marked
<br />Exhibit. "A° attached hereto and irenrporated herein by reference, with
<br />~thiy principal and interest rayments in the amount of $225,00 ~.r month,
<br />++ith the balas:ce of the 'pal and interest due bei.rg payable of the 10th
<br />day of July, 1982, as a final payment hereunder, The balance of $187t?7,93
<br />shall be dye ±he sellers on August 10, 1982, provided necessary financir~± is
<br />available,
<br />{c) '1?;e Buyers reserves the right to na^ the entire principal at
<br />arryt,~. without arty prepayment malty to the Buyer^,,
<br />3, Possession of the premises shall be delivered to the Buyer on or
<br />before June 29, 1979,
<br />4, Sellers agree to make all payments r~uired on any existing mortgage
<br />relat~;d to the property,
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