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<br />"~'mm~ .il._'S'axmnw _~i_ s. :m,~~„up E.-i ss_ ~mm-lim4, 7tllipl'W'. '.
<br />TF,i1.'S AC;J•S°1sE,~tf'.il"~'~!", ssaad~~r tlsdis 19th day yap
<br />L'E',E T. 'E"3J'EftTgt+ and JBt~IM1i Vii. ~filERT01~1„. 1f~:sF~uetttd and ~Gri;f~~
<br />lllrc:o ~«t,~a;lbr# 'c' t:~ 79 , r'r;utmt~iuruw~tt
<br />hrrei»atter r€ftrrtd'~ to
<br />as tJte seileris) and GARY D. WIECK and NA€r"SA J. WIECK, Hus'trand and Wife as Joint
<br />Tenants
<br />hereinafter referred to cs the buyer(s).
<br />li'ITti?ESSETH, thot the seder(s) hereby covenant(s) and agree(sj that if the buyertsj shall first make tht pay-
<br />ment(s) and perform tJre eovenarfs F.ereinajtes mentioned on his, her or their part to be made and performed, tke said
<br />seller(s) agree(s) to furnish buyer(sj a gaud and sufficient abstract cf title shoasYng a merchantable #itle of record to '
<br />eke premises hereinafter described in the seller(sj, and wi?1 convey and assurz to th¢ buyer(s), in fee simple, clear of all
<br />encumbrances exrebt as staled herein, by good and sufjtcient Warranty Deed, the iollorang lot, piece and parcel
<br />ground, to ts~it:
<br />Lot Seventeen (17), Block Three {3), Replat of
<br />Riverside Acres, an addition to the city cf
<br />Grand Island, Hall County, Nebraska. ! ~
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<br />And the said buyers; covenant(st and agree(s) to pay to said seller(s), the sum of i
<br />Ninety Five T~ousand and No/100ths Dollars ($95,000.00) DOLLARS, F v
<br />in the manner folic>tasrg: with a total down payment of $22,000.00
<br />Dollars, cash its hand paid, fire receipi whereof is hereby acknowledged, and the 'valance payable: Ttte balance of ~ ~'
<br />$73,000.00 will be carried by the Sellers at 12Y interest from December 1, 1979. The. ~ ~
<br />first payment to be made January 1, 1980 which will include the December interest and °`
<br />January principal a total of $753.63 and a like amount the First of each month there-- ='~
<br />after until December 1, 19$4 at which time a total unpaid principal balance plus accrued'; ~
<br />interest will be due in full. Additional amounts as per amortization schedule may be i-m
<br />~'
<br />paid in any payment date without pre-payment penalty. It is hereby agreed that the t ~
<br />Sellers will prorate the taxes to November 20th in the closing of the sale. It is
<br />further agreed that the Buyers will pay the real estate taxes each year before they
<br />become delinquent and furnish the Sellers with a copy of the tax receipt. It is further
<br />agreed that the Buyers will secure Fire Extended Insurance on the property in the amount e
<br />of at least $73,000.00, will furnish a copy of the insurance policy to the Sellers, have }
<br />the -Sellers named as title holder on the insurance policy and have Home Federal Savings ~ ~
<br />and-Loan Association, 22I South Locust, Grand Zsland, Nebraska as mortgage holder.- g
<br />The above payments fella. be made direct to the Sealers at their residentialaddress. There: to
<br />will be a signed warranty deed placed in escrow with Da-Ly Realty and Insuraace, Inc. F.m
<br />fcr delivery to the Buyers upon eomgleticn of the contract. The abstract-will be returne#3 ~
<br />tc Home Federal until the mortgage to them is paid off to the Sellers, rheas not out-. ~
<br />standing any ether provisions in this contract, if a payment would be missed, the sellers +=
<br />c of take 1~, a a lion o cI e t ue in full until 30 "'
<br />zcxt_ sztteresl-at TFJ'ra~e oC} 1~ ~~€r c~~t p~ttt~i~, ~1~ as above aa~~J1'~~~t~'~-
<br />ing from time to time unpaid, and to pay all general taxes, tJiat »iay be legally levied or imposed upon said land, ssb-
<br />sequent to eke year 11/20/79 and all installments of special assessments or special taxes becoming due or delinqueui
<br />after 11/20/79 and keep the buildings in a reasonable state of repair and insun@d
<br />for $ 73, 000.00 If there is a mortgage on said property, pay interest and -taxes thereon up to be kept r
<br />current It is mutually agreed that time is an essential element in this contract. rind it u• further
<br />agreed that in case of any payment, either of principal or interest, remaining unpaid for a space of 30 days
<br />after the same shall become due, and in case of faiGtre of the said buyer(s) to »iake any of tke aforesaid payments
<br />provided for herein os the breach of any other covenant contained Herein, this contract shall at the option of the seller(s),
<br />be forfeited and determined and the buyer(s) sJwlt forfeit all payments made hereunder, and such payments shall be
<br />retained by the selter(,~) as liquidated damages in fed! satisfaction of old the damages sustained, and seller(s) shall have i
<br />the rigkt #o re-enter and take possession of said premises aforesaid.
<br />That th%s agreement shall not be assigned by buyer(s) without the written consent of the seller(s).
<br />It is mutually agreed that alt -the covenants and agseemenfs herein contained shalt extend to and be obligatory
<br />upon the keirs, executors, ddministrators and- assigns af- the respective parties.
<br />F; the parties of these presents have hereunto set their hands and seals the day and year
<br />in the preaesue of
<br />--- --------~---.........(L. s.)
<br />v
<br />...................rL. S.)
<br />GARY D. WIECK
<br />-__. ___
<br />3 _ _.__ _ .
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