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;y $].-.- 001923 4. Time is of the essence of this Contract. Buyers further agree that if they shall fail to pay any taxes or assessments levied or assessed against the saw property or fail to pay the premium of insurance, Sellers may pay the taxes, assessments or ` premiums and the amount so paid shall become due and payable forth- .; with by Buyers to Sellers without notice or demand and shall be- ogre a part of the principal balance due under this Contract. 5. If Buyers fail to pay any amount due under the terms of the Contract, or if Buyers fail to perform any of the other terms, covenants or agreements of this Contract, or if Buyers shall abandon the sale property, the whole of the indebtedness due under this Contract, together with any advances made by Sellers as herein provided, shall become and be immediately due and payable at the option of the Sellers without notice or demand, the same being expressly waived, and Sellers may proceed to foreclose this Contract in the manner provided by law. Failure of the Sellers to exercise any optional remedy hereby specified at the time of any default shall not operate as a waiver of the right of Sellers to exercise such optional remedy for the same or any subsequent default at any time thereafter. 6. Buyers specifically agree pat to permit waste on the pre- mises and to keep the sa**se in good repair until the sums due under this Contract have been fully paid, reasonable wear and tear ex- CepLeQ. .fit 15 UYI~ZH Z-.`~i-LVLICi aT'.d ay-rCCt,,'. ttLat R11 a. of cpc'air ,a.^.d maintenance of any kind, nature ar description shall hejborne by the Buyers and Sellers shall have no obliq_ation in that regard. It is further agreed that Buyers shall net be entitled to make any repairs or alterations on the premises which might result ir. a lien against the premises in excess of One Thousand ($1,OQO.QO) Dollass, without first obtaining written consent fzom Sellers. This provision does not constitute permission to make any such re- pairs or improvements not in excess of the foregoing amount. This does net constitute or is there a restriction against Buyers ob- taining subsequent mortgages to this agreement subordinate to the interest of Sellers. ?. It is specifically agreed betweer, the parties hereto, that no person shall ever be entitled to any liens directly or indirect- ly deriving t_.hraugh or under the Buyers or through or under any act or omission os" them superior tou`Iat i~'I this Ca,-Itract res2~.red to Sellers upon either the land above described or any improvement paw ar hereafter situated thereon or an account of any lobar or material furnished, for any such improvements and for or on ac- count of any matter or thing whatsoever. All persons fu_*-nishing such labor or material as well as all of such persons whomsoever shall be bound by these provisions of the Contract and by notice thereof from and after the date of filing of this Memorandum in the Office of the f~gister of Deeds of Hall County, Nebraska. $. This Contract shall not be assigned by Buyers without written permission of Sellers, which permission shall not be withheld unreasonably. 9. It is agreed that a Warranty Deed from Sellers to`Buyers is being escrowed during the term of this agreement as provided in the Land Sale Cantraet and is to be delivered to Buyers upon com- pletion of the terms and conditions provided far in the Land Sale Contract executed of even date herewith. Y0. This Memorandum of Land Sale Contract is subject to farms, conditions and restrictions contained in that certain and recorded Land Sale Contract between Sellers and Buyers dated of even date herewith. fcny cvnfiici. i-,etwe~ri piavisis~ns cif this Qrar~um of Land Sale Contract and the Land Sale Contract it- self are inadvertent and in the event of a conflict the provisions of th4 Land Sale Contract shall prevail. -2-