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~ 81--OG533~s b) Provided, further, that if the Buyer should elect nat to make the application-for the loan cn the premises or fails to act in good faith, then the Buyer shall forfeit all proceeds paid to the Sellers as of that data. and this contract shall be null and void. LIENS AND ENCUMBRANCES 6. The Sellers warrant that as of settlement. date of October 19th, 1981, said premises will 6e free of all liens and encumbrances. except the following: a) Any easements and restrictions of rewrd and sub,)ect to the subdivision agreement pertaining to said premiaea; b) 7h8 unpaid balance of a first real estate mortgage against said premises in favor of Home Federal Savings. and Loan Company of Grand Island, Nebraska, in the approximate amount of Eight Thousand Five Hundred Dollars 08,500.00). 7. The Sellars represent that theta will be no mechanics nor mat~rialman~s liens-filed against said premises. The 1980 and ail prior years taxes and special assessments levied and assessed up to aettiement date will be paid by-the Sellers. The 1981 real estate-texas w3El he pro-.rated between the parties up to sattlamerrt data, with the SaAlsra paying the pro-rata portion thereof up to settlement date. The Boyars will pay the 1982 and all subsequent real estate taxes and any specifll assessments thereafter levied before the same becomes delinquent or as long as this agreement is in existence. 8. The 5sllere will prepare and execute their Warranty Deed eonusying said premises to the Buyer. Such deed will ba placed in escrow with The First National Bank of Land-Island, NeEtraeka, who will kid auk dead unt#Z the- 5pllsr has-- paid- the full purcbtaes pries, with- ecG~ued: interest:., The.. said escroW_egent will then deliver such dead to ~Q 81+ilferi provided, further,,. that if and when the-Buyer elects to pay 'the unpaid balance ae set fprth abgve:, than the Sellers warrant that said pre~tese will be free of all liens end encumbrances except the following: - 3 -