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~~~~, AGREEMEN"~" POR TEIE ~Ae.E OF REIiL t'S?"A'T~E THIS ~iGREE~fENT made this 19th day of October, 1381, between Mid-Continent Enterprises, Inc., A Nebraska Corporation, hereinafter referred to as Sellers, and Cecil R. Holloway and Lila C. Holloway, Husband and Wife, hereinafter referred to as Buyers, enter into this agreement for the following described real estate, to-wit: Suite No. Twenty {20), "C" Windsor Square Condominium Property Regime in IInit Three (3), Lot Two {2), Block Eight (8), Replat Continental Gardens, an Addition to the City of Grand Island, Ball County, Nebraska Together with all appurtenances thereto belonging and now thereon far which the Buyer covenants and agrees to pay the total amount of Thirty Three thousand five hundred dollars ($33,5.00.00} for said premises to Mid-Continent Enterprises, Inc., A Nebraska Corporation, upon the following conditions and amounts herein set forth. 1. The amount of Two thousand dollars ($2,OOG.00}, cash in hand, paid this date, receipt whereof hereby acknowledged. 2. The amount of $400.00 shall he paid to Mid-Continent Enterprises, Inc., as rent, The parties further agree that on October 1st, 1983,the Buyer may elect to pay the unpaid balance on the premises in on lump sum, conditional upon Buyer's ability to obtain a loan, to be secured by a first mortgage on the above described property. If the Buy_ar acts in good faith in obtaining a loan, and is refused by an appropriate lending institution then the Buyer shall, upon written showing of the said refusal, be entitled to receive from the Sellers, one-half of the Two Thousand ($2,000.00) down payment and one-half of the One Hundred Dollar ($100.00) payments paid to date. Provided further, that if the Buyer should elect not to make the application for a Loan on the premises or fails to act in good faith, then the Buyer shall forfeit all proceeds paid to the Sellers as of that date, and this contract shall be null and void.