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Sellers with paid receipts prior to dalinguent dates. Buyers agree to pay ail special assessaier-ts which may be levied against the property after the date of the execution of this Agreement. All prior special assessments wi-lch have been levied against the property prior to the date of this Agree- ment shall be the responsibility of the Sellers. 3. Sellers` Interest. It is agreed that all suns received by the Sellers shall nure to t fit of the Sellers as point tenants with right of survivorship and not as tenants in common; that the survivor may executr all releases and other documents to perfect title in the Buyer. ~. Title Examination. Setters shall furnish Buyers an abstract of title or a t t e nsurance finder, showing marketable title, as defined in the Marketable Title Act of the laws of Nebraska. Buyers agree to furnish Sellers a written opinion from their attorney showing defects, if any, in the title to the real estate, and Sellers shall have a reasonable lennth of timo in rich to cure such defects, ff any. Buyers agree to approve or disapprove title to said real estate within twenty (20) days of receipt of the abstract of title or title insurance binder. If there are defects in title which can be corrected, Sellers shall have a reasonable time in which to core such defects, at Sellers' expense. If there are defects in title which cannot be corrected, this Agreement shall become null and void, and both parties shall be released from their covenants and obligations hereunder, and all monies prevtously paid by Buyers to Sellers shall be returned to Buyers. 5. Insurance. As of the date of possession herein, Buyers agree to insure, ands n ured, the improvements on the real estate in a minimum of FORTY THOUSAND ANO NO/100 (E4D,DDO.DO) DOLLARS, against fire, wind, storm, hail and extended coverage, payable to Sellers and Buyers, as their interests may appear. At closing, Buyers will furnish proof of an insurance binder. All insurance payments shall be made by Buyers directly and such insurance shall be obtained from a company acceptable to the Sellers hereunder and Buyers shall furnish Sellers with paid receipts showing proof of coverage at least fourteen (14) days prior to the expiration date. In the event that the Buyers fail to make the payments as set forth previously, then the Setters may pay such amounts as they shall become due and advance the same on behalf of the buyers. In the event of such advance, all such monies shalt draw interest at the rate of li3X per annum until paid. Sellers agree that in the event of lass, proteeds to be divided between Buyers and Sellers as their respective _Q interests appear. This paragraph shall act as a assignment of same upon - C~i~fir p~s~tation tp~o an i~~nsuror of said remises. o~.cle4c+~. c2en.~~~-,.,,,.~,.~ ~d},ddd (a) Purchasers agree to put 1/12th of the insurance and property A tax into a 3oint savings account at any bank or savings and loon association ~ yr~1•ir. on a montfity basis. The interest of this money shall be paid to the Purchasers." 6. Possession. It is agreed that Buyers shall have possession of the real estate o- n actober 1, 1981, and Buyers shall be entitled to retain possession so long as th~r comply with the terms of this Agreeaent. 7. Warranty Deed - Escrow. Sellers and Buyers agree that s~Tl serve as Escrow Agent under this agreement upon the o ow ng te-~ns an conditions: (a) Sellers and Buyers agree that the costs of the Escrow Agent shall he borne equally between the parties hereto, and that the amount ~ yearly charge to handle the payments and escrow, wiT(-also 6e borne equally between the parties. (b) Sabers agree to exeeute a Warranty Deed conveying their interest in and to the above-described real estate to the Buyers, free of allliens and encumbrances, except easements and restrictions of record, if any, and to deliver said Deed to the Escrow P!lent and to direct said Escrow Agent to deliver said Warranty Deed to Buyers upon performance pf the terms of this Agreement Dy the Buyers. =2-