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i } g(}--~ ~l { 1 ' ~ ti c~ 5. Conveyance and Marketable Title. Sellers agree to furnish the Buyer with an Abstract of Title showing them to be the owners of a good and sufficient marketable title to the above property, free and clear o£ liens, Sellers agree to convey the above property by Warranty Deed. Sellers agree to pay the expense of documentary stamps at the time of closing. In the event that title examination reveals any valid title objections, the Sellers shall have a reasonable time to correct sucks defects and in the event the same cannot be corrected, all payments made hereunder shall be refunded to the Buyer. Buyer has the option of waiving any defect in title and accepting the same in such condition. 6. Taxes, Insurance and Duties o£ the Buyer. The Buyer agrees to pay the real estate taxes for the year 1961 and to pay all subsequent years real estate taxes and special assessments on ali property sold hereunder. Buyer agrees to keep all proper- ties sold hereunder free and clear of liens, taxes and encumbrances and will not do or permit anything to be done that might impair Sellers' security interest. The Buyer will carry insurance insur- ing all graperty and improvements sold hereunder against all casualty loss in the minimum amount of Thirty Thousand Dollars SS30,000.oO), such policy of insurance to be payable as the parties' interests appear hereunder. Buyer shall furnish receipt of paid taxes and insurance to Sellers. The Escrow Agent herein- after named shall hold the insurance policy. 7. Escrow Agent and Payments. The parties hereby designate Winkler Realty Co. of Grand Island, Nebraska, as Escrow Agent under this contract, An executed copy of this contract, Warranty Deed conveying said property, and the Abstract of Title to said property and all other documents, including insurance policies, shall be depPSited with said Escrow Agent. Upon payment of all principal and interest due hereunder by the Buyer, and upon his performance of all the terms of this Contract of Sale, said Escrow Agent is authorized to deliver said Warranty Deed, Abstract of Title and other documents to the Buyer. All payments under