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gl_.«(-4F3? <br />tt is understo~! and age~eed between the parties that the unpaid <br />principal balaeace is bearie-g interest at the rate of 8 3/~A per annuw, <br />due payabae a~onthly an the same date as the principa? payprents <br />herein set forth. <br />dt is understood and agreed betr~en the parties that Buyer <br />is tat+w in possession of said real estate. and that Seaters have paid <br />1973 and all prior years taxes, and the 1434 taxes have been pro- <br />rated by Seiler. <br />` It is further understood and agreed between the parties that <br />Buyer w#11 carry insurance ort the buitdirtgs of fire, wind, and extended. <br />cOVerBQI' in the sum pf ~~(,1,(}OO.t)b, at-d that a loss payable clause will <br />run first L{a First Federal of Lincoln, then to Rrgo Devetopa~ent Company, <br />Ya-c., ~esd then to the insuror, according to their interests. <br />tt is further un~rstood and agreed between the parties, that <br />Salter shell execute a ~oirtt and survivorship warranty deed to Buyer <br />and place the saese in escros+ with E. Merle McDermott, or in such other <br />paa~e as-the parties may hereafter agree to in writing, to be delivered <br />to Steer, upon pay~tt of the cex!-sideration in foal and the performance <br />elf iti of this a~rtt. Buyer shall fur~slsh Reveetue states <br />.~~ ~_~ ~. <br />Xt is further ue~rstood and agreed between the parties. that <br />faiturea by Steer te- make any payeeaet whew due: as set forth herein: or <br />peersuaesL to tine ~e~s of the mprbiage, or provide insurance as sat forth <br />herein, or tte pay taxes the real estate when they shall becaAe due, <br />shall cause the entire principal balance, together with the interest, to <br />bates ie~adiatety and owie~, aL cse~e, at the option of Seller, and <br />~oaiver of Seatiesr ~ exercise alas option to dsciare a default on any Dees <br />iL date shwai ~t ue a iro-r of leer`s rift to aara a ~€a€eat <br />Des air sub~sat nom-pay~lt date, except that Seller agrees Buyer shall <br />harms f~irtdr {~~ dedrs grace te- eaake suds payaant. <br />~t is farther tasd~srst#~ aced agreed to bets~e+en the parties, <br />thae Seller is a~cieag the sale as is, withRaut any representation ar warranties <br />aes. + of tie build'Fn~ +~r the use of pra~rty. <br />..~_ <br />