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=I rim rn -n ri N� 2e1® rn � 03 Buyers Mari. a Olivera, Wife Agreement of Seventh -day D > Q rsa CD C13 This agreement is made and entered into this / 7' fi —day of October, 2016, by and between Jorge Zelaya and Mariana Olivera, husband and wife, hereinafter "Zelaya's" and the Kansas- Nebraska Association of Seventh -day Adventists, a Kansas non - profit corporation, hereinafter "the Association ". Whereas the Zelaya's are desirous of acquiring a home in Grand Island, Nebraska, and, whereas the Association is desirous of investing in real estate in Grand Island, Nebraska, the parties hereby agree as follows: 1. This Agreement is Contingent upon the employment of Jorge Zelaya with the Kansas - Nebraska Conference of Seventh -day Adventists. 2. The Association will provide the Zelaya's with the sum of Thirty Three Thousand Dollars ($33,000.00) on or before the closing of the purchase of a home in Grand Island, Hall County, Nebraska, to be used in the acquisition of said home. 3. Zelaya's will obtain the necessary financing to purchase "the premises" legally described as follows: Lot Seventeen (17), in Block One (1), in Knickrehm Fourth Addition to the City of Grand Island, Hall County, Nebraska. (Commonly known as 107 W. 22n St., Grand Island Nebraska) Said financing to be the sole and exclusive responsibility of Zelaya's who agrees to perform all requirements of the deed of trust securing any such loan. Title to the premises shall be taken in the name of Zelaya's. 4. The Association shall be entitled to receive Twenty Percent (20 %) of the gross sale price of the premises when sold or otherwise transferred by Zelaya's. 5. Zelaya's shall, for the first two years after the date of this agreement, have the right to pay to the Association the sum of Thirty Three Thousand Dollars ($33,000.00) together with interest thereon at the rate of five percent (5 %) per annum compounded annually and be released from all obligations set forth in paragraph 3 above. 6. Within 90 days of employment ceasing with the Kansas - Nebraska Conference of Seventh -day Adventists Zelaya's will Pay the Association in full 20% of the properties current appraised value. A professional appraisal will be done at the expense of Zelaya's. 7. The Association and Zelaya's agree to execute a memorandum of this agreement in a form appropriate for filing with the Hall County, Nebraska Register of Deeds. In consideration of the foregoing promises the parties hereto have set their hands the day and date last above written. Kansas- Nebraska Association entis in ottfried, V ' . r Finance r Ad ini ohn Sw: gart, VP ration