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86- 100951 AGREEMENT TO PURCHASE AND TO SELL PEAL ESTATE (Agreement of statements and numbers., (Not affected by choice of words or format) r 7-4 THIS AGREEMENT made and entered into this --- day of 19-� 1986, by and betwee+i DOUBLE EAGLE ,INCORPORATED, a Nebraska Corporation, hereinafter designated and referred to as "Vendor ", and DEAN W. LAU and JOAN R. LAU, husband and wife, herein designated and referred to as the Purchasers. WITNESSTH That the Vendor for and in consideration of the price hereinafter specified and the covenants, promises, and agreements_ on the part of the Purchasers herein contained and made, agrees to sell and convey to the Purchasers, subject to and upon each and all of the terms, conditions, and provisions of this agreement, and the Purchasers, in consideration of the promises of the Vendor herein contained, agree to purchase the follow- ing of 153 acres more or less, TO WITT: ing described real estate, compris The South West tine- +ouuth (SW1 /4) of Section Twenty -six (6), in Township Nine (9) North, Stange Ten (1O) West of the Sixth Principal Meridian, Hall County Nebraska EXCEPT THAT portion thereof more particularly described as follows: BEGINNING at a point on the west line of said SW1 /4, said point being Forty -five (45.0) feet north of the southwest corner of said SW!i4; thence easterly parallel to the south line of said SW1 /4, also being the northerly right --o+ -way line of the County road, a distance of Nine Hundred eighteen (9ie.0) feet: thence north- erly parallel to the west sine of said SW1 %4, a distance of Three Hundred (300.0) feet: thence westerly parallel to the south line of said SW1/4, a distance of Nine Hundred Eighteen ( ?18.0) feet, to the west line of said SW1i4® thence scutherly aiony the west line of said LW1 /4 a distance of Three Hundred (=00.0) feet to the place of beginning and contains b.':'^ acres more or less. Subject to easements of record. Togeth =L-r with one irrigatio;v well with electric motor. (meter at NW corner. Underground wire to ,motor.? About 96 acres is irrigated and about 41 acres i dryland farm with the balance being roadway, drainage ditct�3s_ and not farmed land. The Purchasers agree to pay to the Vendor, and the Vendor agrees to accept for said property the total sun of ONE HUNDRED SEVEN THOUSAND FIVE (-HUNDRED IT-107,500-00) DOLLARS . A down payment of ONE THOUSAND (:r1,0 @0.00) DOLLARS is here made and the balance to be paid as fellows: On or before February 20, 1986 the purchasers will pay an additional NINETEEN THOUSAND (T19,000.00) DOLLARS to the Vendors. This $191OOO.00 being the balance of the down payment.