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80-~-- i~.4 -2- has certain mortgages on the above described-real estate with Equitable Building and Loan Association of Grand island, 3e~raska, and Pirst Savings Company, Grand Zs land, Nebraska, duly recorded in the Register of Deeds Office of Hall Coynty, Nebraska, and that the Buyers agree to this canT,raet understanding. that the:_Se17.er:' will keep the payments on said mortgages current, which the Seiler- agrees to do and prior to the end of payments under .this Contract;. Seller agrees to fully pay Equitable Building and Loan Association of Grand Zs land, Nebraska, and First savings Company,- Grand. Zsland~ Nebraska, the principal and interest due on said urortgages and file mortgage releases with the Register of Deeds of Hall County. ', 4. The parties agree. to each pay one-half of the. cost of the. preparation of this. contract-.and one-half ~f the Escrow Agents fee for services-rendered in regard to this contract. 5. Buyers agree to keep improvements an the real estate. insured under fire acid extended coverage policies and to pay the premizms o£ such policies whey they became due. Such policies shall be carried in amounts not less than $16,440.00. -- Such policy or policies shall be issued in the name of the Sellers ...and Buyers, a~ their respective interest may ap~rear, and shall - - __ be delivered to and retained by the Sellars during the cantinaance o£ this Contract. 6. Posaesaton of the premises shall be delivered to the Buyers at the time of closing, and closing shall occur vn ox before the Ist day of April, 19$0, ac the office of Castle Realty, Cv., Crand Zaland, Nebraska. 7. Sellers agree to furnish an Abstract of Title ar a policy of Title Insurance-iustucitsg the purchasers with a face ui~t- €cl+~l_ to a pureFase prise, if an Abstract of Title is furnished,- it shall be certified on ar after the 25 tit day of 'ch, 1980;,- showing marketable title fo star.u in the natse of the ~ell~ra, sub3ect only to easements and rss-frictions of rscnrd. Zn the avant s defect of title of Sellers appears of recard, Sellers shall be granted s reasonable time in which to cure the same. Zn the `=ti'e:tC t~tis dis£~C caxu~ot be ce-rad at the cast to Sellers net to exceed Two Thousand Aollara ($x,000.00?, the deposit of the