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i~~ ~ r ': AGREEMENT AGREEMENT made and entered into this 29th day of Decemb 1979, by and between WILLIAM A. SELTZER and SHARON E. BELTZER of Kearney, Nebraska, husband and wife, hereinafter referred as "GRANTORS", and FIRST INVESTMENT COMPANY, a Nebraska Cor- poration doing business in Kearney, Nebraska, hereinafter called "GRANTEE". W I T N E S S E T H WHEREAS, Grantors are currently indebted and obligated to `; Grantee for certain loans made by Grantee to Grantors;- WHEREAS, the debt and obligation incurred by the Grantors; for said loans made by Grantee are represented in and reflecte~ by certain promissory note(s) duly executed by Grantors in favor of Grantee, wherein said promissory note(s) are in the total principal amount of Fift ei ht Thousand and no/100----------- ~ ------------------------Dollars 58,000.00 ) and provide for interest at an annual rate of Twelve and ~ per cent (12,5 ~) r on the unpaid principal balance. True and accurate copies of j said promissory notes are set forth at EXHIBIT "A" attached I hereto and by this reference fully incorporated herein and made a part hereof; WHEREAS, Grantors are the owners of certain real property located in Hall County, Nebraska, more particularly described as follows; to-wit: An undivided one half interest in the North- east Quarter (NE~a) of Section Thirty-Five (35}, Township Twelve (12) North, range Eleven {11) West of the 6th P,M. and The Southwest Quarter_ (SW's) of the Northwest Quarter (NWT) and the East One Half (Ek) of the Northwest Quarter (NW~S) of Section Seven (7), Township Ten (10} North, Range Twelve (12) West of the 6th P.M. WHEREAS, Grantors have heretofore executed certain . ^~^tgages on the aforeme ntianed r=a1 property to he ercia~ National Sank 6 Trust Ga. of Grand Zslarui,z.Tehrask~ a to thy: Grand Island Trust Company of Grand Island, Nebraska; WHEREAS, Grantors covenant. and promise to sell the above described real groperty on ar before January 1, 1981. Grantor$ herein represent and warrant that the proceeds derived there- from will exceed the principal balances and unpaid interest owing upon said mortgages to the mortgagees hereinbefare mentioned; WHEREAS, Grantors desire to provide and establish a specific fund or reserve out of the proceeds of said eontem~ plated sale of the real property from which to gay off and fully satisfy the debt and obligation owed by Grantors to Gran*_ee, as hereinbefore described; and WHEREAS, Grantee is of the opinion that the establishment of such a fund or reserve by the Grantors would be beneficial and advantageous to Grantee. NOW TIiEREf'ORE, in consideration of the mutual covenants and promises herein contained, the parties hereby agree as follows: