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<br />Form FmHA-~~ 443-3
<br />Rev. 1-9-76)
<br />.i. _.._"__~_...-.~----.
<br />AGREEMENT WITH REAL ESTATE CONTRACT SELLERS AND BUYERS
<br />WHEREAS, Gerald L. Hensel _and INildred M_ Hensel.
<br />husband and wife, (hereinafter called "sellers"a have sold [o Douglas:..
<br />Thompson and Dianne L, Thompson husband and wif-~' e, T--
<br />(hereinafter called "buyers"), under the terms of a certain real estate
<br />installment contract, the following described property situated in the
<br />State of Nebraska, County of Hall to wit:
<br />The west Half of the South Half of the Northeast {Harter (WNF~a)
<br />" of Section Twenty (20), Township T~ (10) Pbrth, Fange 'Twelve (12),
<br />West of the 6t1: P.M., Haii County, Nebraska, together with rights
<br />reserva3 by Sellers over, along and across the South 30 feet of :,.
<br />the Fast Half of the South Half of the Northeast Q+aarter (F}TS'~NF};)
<br />of Se tion Twenty (20), 'Ibwnship Ten (10) North, Range Twelve (12)
<br />West of the 6th P.M., Hall County, Nebraska, for ingress and egress
<br />to the said W~S'~NE;, subj~t to ~sanents of re~rord, restrictions,
<br />and Misting roads.
<br />for the sum of ~e H~drECl Twelve Trnusand Dollars f$li2,OOOjsaid agreement
<br />being dated, executed and acknowledged on Dec~3nbes 2;, 19?~ and
<br />WHEREAS, the buyers propose to obtain a loan in an amount not to exceed
<br />Thirty-T«~o Thousand Dollars ($ 32,000.00 } zrom
<br />the United SCateB of America, acting through the 'r'anners kiome Administration,
<br />United States Department of Agriculture, and which property will be mortga.;ec
<br />to the Government to the extent of the buyers' interest as security in
<br />connection with said loan,
<br />N05i, T11DR£FvRE, in consideration of the foregoing, tre sellers or
<br />their representatives, agree that they will comply with the terms of said
<br />contract except as mod ifi.ed hereby and that in the event of default on the
<br />part of buyers under said contract, sellers will judicially €oreclose the
<br />same and seek deficiency judgment ii necessary, and will ±orego any other
<br />remedy accorded to them by said ~antract or by law. The sellers or their
<br />representatives, give their consent to the buyers to mortgage the buyers'
<br />interest under the above-mentioned real estate contract, In the event than
<br />the sellers, or their representatives, determine that judicial foreclosure
<br />under the teal estate contract is necessary to protect their interest, it
<br />is hereby agreed that th^ State Director, Fanners Rome Administration, Lin~oir
<br />Nebraska, will be provided thirty (30) days written notice prior to such actic:c. '~
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