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1 $1- ~(-2685 LAND CONTRACT This Agreement made this first day of April, 1981, between Mike GT~v~ and Marilyn 6alv~, Husband and Wife, parties ofi the first part, hereinafter referred to as Sellers and Deborah Ann Ewoldt, a~sing1e person, hereinafter referred to as Buyer. 1. Sale. Sellers agree to sell and convey to the Buyer and-the- Bkyer agrees to purchase the following describeu+ real property in Hall County, Nebraska, known as-415 East Sunset Street, Grand Island, Nebraska, the legal description of which is: The West 39.8 feet of Lot Two (2) Block Fourteen {l4) and a tract of land 30 feet in width adjoining and being the full length of Lot Two (2) in Block Fourteen (14) on the West side thereon formerly being a part of Sunset Avenue and all being in Claussen Country thew Addition to the City of Grard Island, Hall County, Nebraska together with all improvements and appurtenances thereto belonging. Z. Purchase Price. The purchase price of the above described real property is the sun bf Twenty Nine Thousand Five Hundred Dollars {;;29,5{}0.00), payable as follows: {a} $6,500 dorm, receipt of which Sellers hereby acknowledge. {b) The balance of $23,000 is payable in the sun of 5309.35 per month {which amount is based at a rate of 16% interest per annun an a 30 year amortization.) The first monthly payment shall be due and payable on the 1st day of May, 1981, and alike amount on the first day of each month thereafter with the entire unpaid balance due and owing in full 5 years from the date of the first payment, to-wit: the 1st day of May, 1986. It is understood of the parties that ail monthly payments must be paid when due and that the final balloon payment is payable in full on the 1st day of May, 1986. The Buyer .ay p~epay the balance at any time without penalty. 3. Possession. Buyer stroll have possession of said property and all improvements upon clasfng and payment of 56,500 on or before April 1, 1981. 4. Taxes and Utilities. Sellers agree to pay the 1980 artd ail prior years real estate taxes and to prorate the 1981 real estate taxes based upon the 196{? taxes to the date of possession. Setters further agree to ply all utilities against said p:^~perty to date of possession.