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<br />A G R E E M E N T
<br />THIS AG&FEl~NT, made and entered into this 29th day of May, 1960, by and
<br />between Charles A. Douglass and Maxine D. Douglass, Parties of the First Part, and
<br />Cheryle L. Femau, Party of the Second Part.
<br />That said Parties of the First Part have this day sold and by these
<br />presents agree to sell and convey to the Second Party, the following premises, to-rrit:
<br />Lot Three (3 ), Block Sixteen X16) in Russel Wheeler's Addition
<br />to the City of Grand Island, Hall County, Nebraska. Property
<br />also kmwn as: 315 West i0th, Grand Island, Nebraska.
<br />together with all appurtenances thereto belonging, for which the Party of the
<br />Second Part hereby agrees to pay the sum of Twenty Nine Thousand, Three Hundred
<br />and No,,~200, Dollars (~2g,3:~o.00), Payable as follows;
<br />Three Thousand One Honored Thirteen and 30/100 Dollars 03,113.30)
<br />will be paid down, receipt whereof is hereby acknowledged. With
<br />the rescinder of the Twenty Six Thousand Oae Hundred Eighty Aix
<br />and ^0/100 ;Dollars (~26;156.70), payable as follows:
<br />The Second Party will b8 responsible for making the monthly payments flf Principal
<br />and Interest on the present First mortgage at Equitable Building & Ivan Association
<br />in the asannt of 52!,8.02 with all tezms as of ibis date, pertaining to this mortgage
<br />tc remain the same. The present balance pf slid :aortgage as of the above date
<br />of this contract being23,269.40, Said monthly payments to be paid on or before
<br />the 1st oz' June, 196fl, and on or before the 1st day of each month thereafter unti3
<br />said sum of principal and interest shall have been paid in full. In addition to
<br />the Sewnd Party a~ees tc *:ay an additional sum ai'~1J12th of the yearly taxes and
<br />~~*y+rce e$rh month tc F,ouitable Building & Loan Association in an escrow account.
<br />SFauld the i/12th tax and insurance payment not be sufficient to take care of the
<br />real estate taxes nr insurance payment, the second party :hall pay the difference
<br />an descend. ?Tie First Parties agree to pay all the taxes and az~y other assessments
<br />against said real estate up tp and incluaing the 1979 taxes and all prior }rears,
<br />and the 1980 taxes pro-rated to ::ate of possession. The Second Party shall pay
<br />al3 tares and nay assessments thereafter.
<br />It is further agreed '.hat t^e Secona Party w_11 assume ell responsibili:-y or the
<br />iastallmeat pate sued by :.he First 'attics to Albert Mayne :orison ;n the
<br />origixsal aoaunt of 52,92 5.~, Balance at date of tY.is contract being 52,917.:0.
<br />?he Principal and Interest payment of 526.0 per month will be due and payable
<br />the 'sat day of June, 1960 Ana an nr before the '_st day of each month thereafter
<br />until vie balaate of ^his 3,0~ is due ;.nd pa„vable on ,~anuary 1st, 1985,
<br />It is agreed that the ~coi:-.: Party bas the right to pay off any part of
<br />this loan at aru* time or ail pi it at any time without penalty. However, any part
<br />paysents should be i.n multiples e:Iual to the next succeeding principal portions nn
<br />the asQrtizatian table. however, nay assessments that may be assessed against the
<br />prnperty f'rorlt thi3 d$te foricrd i3 the SeCflnd ?ar°Gy's nbligatlOn,
<br />'The Seco[~ Party agrees to keep the progeny insured far fire, windstorms
<br />arrd 3ztended Coverage with a lazes payable clause irl favor of the respective parties
<br />as their interest slay ,appear, for the sum of 530,ia30,C~z atz~ at X11 times to carry
<br />sufficient correrage to xzver rise balance oring.
<br />The fo.a.l.owi._*ng pan real estate frees are to stay xith the property: all
<br />attach$ci fixtures, aa3 averyiizrsg in and on the arogerty as it stands today which
<br />bangs to the First Parties.
<br />A oapy of this contract together with karrsnGy Deed to said premises
<br />rth garseral caarenants of warranty shall be deposited with T_he ~tin;cler Realty Ca,,
<br />of Grand Islarad, Nebraska, as escrow agent, with instructions to deliver said
<br />-sed to Seeon!d Party oa completion of this .agreoci~art, .
<br />2tre :~'S.rst Parties agree ;.hat they xill bring the abacract ai' title to ease
<br />on or t~i'ora the 1st of Jug, Z9E3Ci sad will deliver the Abstract of Title to sofa
<br />5eacaC Forty siwx3tng a sarketable legal title to ce vsstea in said Firsi k'ariies,
<br />free and clear Eras all Tiers: acrd enousbrances whatsaevar except„ :base a3nre
<br />aeutionacS anal as ~ 1>e placed or su:fered to ~ p'aced thereon by the .second :'arty
<br />and ttrr<y are acceptlx:g this property subject ±.fl any Easements, reatrictians, or
<br />covenants of re.;ard,
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