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8~~(~u364s AGREEMENT FOR SALE OF REAL ESTATE t THIS AGREEMENT made this ,~3 ra day of April, 1481, by and between r,ARGERY E. MELKUS and LEONARD A. MELKUS, Wife and Husband, SELLERS, and RYCHARD L. MELKUS and SUSAN J. MELKUS, Husband and Wife, as Joint Tenants with right of survivorship, and not as tenants in common, BUYERS. WITNESSETH: That the Sellezs have sold to Buyers for the consideration of Forty-five Thousand Dollars (S45,000.00) on the rarma and condit_i_ons hereinafter mentioned, the following described real estate: The West One-half (W~) of Lot Three {3) in Block One Hundred One (101), Railroad Addition to the City of Grand Island, Hall County, Nebraska: 1. TERMS OF PAYMENT. Buyers shall make payments on and for said real estate as follows: a. The sum of Ten Thousand Dollars ($10,000.00),receipt of which is hereby acknowledged. b. The balance of Thirty-five Thousand Dollars (535,000.60D shall be pai~ in monthly installments of Two Hundred Seventy-four & 40/100ths Dollars {527$.40) per month, commencing on April 15, 1981, and continuing on the first aay of each month thereafter, said monthly payments include interest at the rate of 9i per annum computed monthly. Said payments shall continue until `he entire balance of prine ipal and interest is paid in full as per the attached amortization schedule. 2. DEED. Sellers shall execute a Warranty Deed conveying said premises to Buyers free and clear of encumbrances and will pay seal estate taxes on said premises for 1980 and all prior years. Real estate taxes for 1981 shall be pro-rated to date of possession. 3. POSSESSION. Buyers shall have possession of said premises on April 1, 1981. 4. INSURAYiCE. Buyers shall maintain insurance on said premises in an amount at least equal to the unpaid balance of principal and interest, 5. REPAIR. Sellers agree to install a new furnace and roof at their expense. ~. ESCROW. The executed Warranty Deed shall be placed in escrow with the law firm of Brogan, McCloskey ~ Wolstenholm, York, Nebraska, to be delivered to Buyers upon completion of the terms of this Agreement. 7, DOCt~IEHTARY TAX. Sellers agree to pay the amount required for the payment of documentary tax on this transaction at the time of delivery of the Warranty Deed to Buyezs when Buyers have performed the terms and conditions of this Agreement. 8. ASSiGiiMBNT. Buyers shall not assign or sell their interest under this Agreement without the written consent of Sellers duriag the term of this Agreement.