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<br />4~0--RQasesmeert tar Wazzenip Deed RAo hutt+n.n Cfeunrnl Buypiy Hausn, Lincoln, Yrabr.
<br />THIS .4GREE.bfENT, made this ~~~ day of July , 1979 , bcttrreea
<br />HENRY H. SCHULTZ, JR. and LORRAINE L. SCHULTZ hereinafter referred to
<br />as the seller(s) and
<br />IVAN M. LACHNIT and KAREN K. LACHNIT
<br />hereinafter referred to as the buyer(s).
<br />WITNESSETH, that the seller(s) hereby covenant(s) and agree(s) tJwt if the buyer(s) shal6 prst makt the pay-
<br />ment(s) and perform the covenants hereinafter mentioned on his, her or their part to be made and perfornud, the said
<br />seller{s) agree(s) to furnish buyer(s) a good and suffreient abstract of title shoeaing a merchantable title of record to
<br />the premises hereinafter described in the setter(s), and will convey and assure to the bnycr(s), in fee simple, clear of all
<br />encumbrances except as stated herein, by good and sufjicitnt lVnrranty Deed, the foilorrring lot, purr and parcel of
<br />ground, to wit:
<br />West Thirty-Three Feet (33') of Lot Six (6)
<br />Black One Hundred Four (104}, Railroad Addition
<br />to the city of Grand Island, Hall County, Nebraska,
<br />~ and of its complement, to wit: Fractional Lot Six (5)
<br />in Fractional Block One Hundred Four (104) in
<br />Koenig and Wiebe's Addition to the City of Grand
<br />Island, Nebraska.
<br />And the said buyer(s) covenant(s) and agree(s) to pay to said s^ller(s), the sum of
<br />THIRTY-THREE THOUSAND FIVE HUNDRED DOLLARS AND NO1100 ($33,500.00) DOLLARS,
<br />:n the Winner fotlo~«ing: as stated be?ow
<br />Dollars, cask in hand paid, the receipt eohereof is hereby acknowledged, and the balance payable:
<br />Paid Juiy 13, 1979. - S 500.00
<br />Due August 1, 1979. 2,850.00
<br />Balance to he carried by taeliera 30,150.00
<br />Total S33,500.00
<br />SEE ATTACHED ADDENDUM.
<br />- earth interest at tht raft of 9 3/4 per cent per annum, payable$26$•bs monthly on the ttshale swn+ re»tai»-
<br />ing from time to time u»paid, and to pay all general taxes, tlwt may be legally leetied or imposed upon said land, srb-
<br />segxsnt to tht year x/1/79 and al! installments of special assrssm.-nts or sprrial tn.t'rs bacorning dut ¢r dalinqutrtt
<br />after 8/1179 and ktep the buildings in a reasanabia state of repair and insrred
<br />for 3 30,000.00 !f there is a mortgage on said pro party, pa_y intrrest and taxat thrreon up to in full
<br />It is +nuhurlly agreed that tune is an esstntia! clement in this contract. .dr.;! it is furtktr
<br />agreed that in Casa of any payment, eiEher of principal or interest, reinainiag unpaid for a space of 30 days
<br />after tht samt shall become due, and in case of failure of tlu said buyer(s) to make any of the aforesaid payments
<br />' provided for htrein or tht breach of ass_y other covenant contained i.: rein, this contract shalt at the option rf the seller(s),
<br />be forfeittd afld daterminrd and the buyer(s) shall forfeit all payments +xade herrunder, and such payments shall bt
<br />rttaintd by tht atU€r{s) as liquidated danuules in full sati.rfattion of all the damrges sactained, and seller(s) shall have
<br />the right fa re-enter and take possession of said premises aforesaid. '
<br />That this agrtttntnt shalt not be assigned by bnyer(r) without tht uritttn consent of the relkr(s);
<br />It is matrwUy agreed that all the covenants rtnd agreements iereiu contained shall e.rteud to and Le obligatory
<br />upon the heirs, exetatars, ndntinistrators and ass.'g+rs of the respective parties.
<br />1N"iij¢,1''1VS 1(ff~iR',~OF, the pitrties of these presents have hereunto set their ds nd tats the day and year
<br />. first about wzitttn ~,,~-
<br />,u r,. ~1
<br />Sigxtd, aealed~and delivered in the presence of enr .. S~ctruStz r~'.y...f.,...~....... _...(L. S.)
<br />.....~ .~L SJ
<br />.. ...
<br />= _._.
<br />.. r ................... _................................. .... _..... _...........__.- .. _ L. S.)
<br />.ren K. Lachnit
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