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<br />j NORMe1 HARTT3As~1 hereinafter referred to
<br />s the sell~r(sJ and
<br />~ EUiBN ^.. t~HI'PTEty
<br />- hereinafter referred to as the buyer(s).
<br />WITNESSETH; that the seller(s) itereby covenant(s) and agree(s) th¢t if the bayer(s) shall first xrake the pay-
<br />f meat(s) and perform the covenants hereinafter rnentianed on his, her cr their part to be made and performed, the said
<br />seller(s) agrees,"s) to furnish buyer(s) a good and sufficient abstract of title shondng a merchantable title of record to
<br />the premises Tereinafter described in the selterfs), and urilf Canvey and assure to the bnyer(s), in fee simple, clear of all
<br />encunabrastces ercept as stated herein, by good and sufficient bYariunty Deed, tl:e folloee~ing lot, piece and parcel of
<br />ground, to wit:
<br />Lot Twenty (20), Block Twa (2) Riverside
<br />Acres, city of Grand Island, Hall County,
<br />Nebraska.
<br />Paid July 13, 1979. . $ 1,000.00
<br />Balance due August 1, 1979 14,000.00
<br />To be carried by seller 53,000.00
<br />Total $68, 000.00
<br />~4nd the said b;tyer(s) covenant(s) and agree(s) to pay to said seller(sj, tF.e su;>: of
<br />~ SIXTY EIGHT THOUSAND DOLLARS AND NO/I00 ($b8,000.00} D0LL1412S,
<br />~ in the manner fallowing: as stated above .
<br />~ Do(dttrs, casla,in hand paid, tlae receipt whereof is hereby acknowledged, and the balance payable:
<br />Seller agrees to carry the $53,000.00 at lOY per annum interest with monthly payments
<br />a of principal and interest of $590.00 to be paid September 1, 1979 and $590.00 the
<br />first of each month thereafter until August 1, 1984 at which tine the total unpaid
<br />• principal balance and accrued interest will be paid in a lump sum. It is hereby
<br />agree that said payments will be made to the seller at her own address or any other
<br />t' place so designated by the seller. When payments are made each month interest will
<br />be taken out of each payment and the total balance applied toward principal. It is
<br />further agreed that the seller has first mortgage to Home Federal Savings and Loan,
<br />Grand Island, Nebraska and the taxes will be paid by them and when these taxes are
<br />~, paid by the seller's loan company the amount of said taxes will be added to the
<br />~! principal balance of this contract with the buyer to pay Interest at the contract
<br />rate. The buyer will €urnish an insurance policy and pay for the same in at least
<br />a fact ascunt of the t>zortgage. Said insurance policy will name the seller as title
<br />balder and Home Federal Savings and Loan as first mortgage holder. A deed wil3 be
<br />placed in escrow at Da-Lc Realty and Insurance, Inc. far delivery to the buyer open
<br />completion of the ~antract. It is understood that rhr,re .mill he .... yr,-„a ~~.
<br />penalty for pre-payment of this loan. •- ~ -
<br />x ~,~_ t ---_ .. __
<br />~~ ~ ~~~, 30% per cant per annum, yayaoie ab above Atat~d on the whale snm rrnaln-
<br />ifig ~roatt~ and to pay all general tales, that may be legally levied or imposed upon said land, sub-
<br />setj~jiefotttsr+39lhr-~B/1 79 ~ and all instadlmen!s of special assessments or special taxes becoming due os delingnent
<br />after 8/tJ74 and keep the buildings in a reasonable state of repair and insured
<br />for $ 53, 000.00 I f there is a mortgage on said property, pay interest and tares thereon up to in full
<br />I It is mutually agreed that time is an essential element in this contract. ~1nd it is farther
<br />agree3 that {n tare of any payment, either of prinripal ar interest, remaitting unpaid for a space of 30 days
<br />e after the same shall beconse dtte, and in case of failure of the said buyer(s) to make any of the aforesaid payments
<br />provided for herein or the breach of a»y other covenant co»tained herein, this contract shall at the option of the seller(s),
<br />', be forfeited and determined and the buyer(s) sha1C forfeit all payments made hereunder, and such payments shall be
<br />retained by the seller(s) ar liquidated damages in fold satisfaction of all the damages sustained, and seller(s) shall have
<br />i the rtigbt to re-enter and take possession of said premises aforesaid.
<br />That this agreement shall not be assigned by buyer(s) without the written consent of the seller(s).
<br />Tt is mutually agreed that all the covenants and agreements herein contained shall extend to and be obligatory
<br />upem the heirs, executors, administrators and assigns of the respective parties.
<br />IN WITNESS WHEREt1F, the parties of these ¢resents hereunto set their nds d seals the day and year
<br />('first agave written. --°
<br />Signed, scaled and dedruered in the Qresence of ..... .---
<br />' o Hartman
<br />1 / `
<br />Eu1ea C. W-bitten
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