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~~ <br />-2- <br />~1- ar~m~~.~ <br />~~ unpaid principal balance payable September 1, 1979; $3,000 plus <br />ercent c ..nu°r cor.:*=t.ted a cn the „maid <br />interest at eight {8t p p_r a r' p <br />principal balance on September 1, 1980 and $4,000 plus interest <br />at eight {8) percent per annum computed upon the unpaid principal <br />balance on September 1, 1981; $4,000 plus interest at eight {8) <br />percent per annum computed upon the unpaid principal balance on <br />September 1, 1982; $b,000 plus interest at eight {8) percent par <br />annum computed upon the unpaid principal balance on September i, <br />1983 and $6,000 plus interest at eight (8) percent per annum <br />computed upon the unpaid principal balance on September 1, 1984. <br />All payments are payable either at the residence of the seller, <br />as set forth first above, or to the credit of the seller at the <br />First National Bank of Grand Island, A;ebraska. The- buyers shall <br />have the option to prepay without penalty as to interest on any <br />such prepayments, in amounts each calendar year not Co exceed <br />a total of $9,000 in .principal payments, including the regular <br />annual principal payment. However, the right to make such pre- <br />payments shall not be cumulative if waived in any one year, and <br />any such prepayments shall not extend the time for payment of <br />the next annual payments. <br />The seller will promptly have the abstract of title to <br />said Tract A extended to date and will submit the same to the <br />buyer's attorney far title opinion for examination for market- <br />ability of title. The abstract shall show the 1977 and all prior <br />real estate taxes paid, and shalt show said premises free of all <br />liens and encumbrances excepting for any public roads and rights- <br />-. of way, or easements for public utility purposes. If there are <br />any defects in the title, the se d er agrees to promptly cure <br />the same. fihe buyers accept the Fence lines as the boundary <br />lines, despite the minor discrepsncies between the same as <br />shos~n on the attached surveys. The seller represents that he <br />has full possession of Tract A and that na tenant has ary rights <br />,~ thereto. As of settlement date, full possession of said premises <br />'_~~.. <br />tom.. <br />