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<br /> voL 2443 PAcc 43
<br /> Purchaser promises to pay when due all taxes and assessments levied on the Property or upon Vendor's interest
<br /> in it and to deliver to Vendor on demand receipts showing such payment.
<br /> Purchaser shall keep the improvements on the Property insured against loss or damage occasioned by fire, ex-
<br /> tended coverage perils and such other hazards as Vendor may require, without co-insurance, through insurers approved
<br /> by Vendor, in the sum of $ - _ , hut Vendor shall not require coverage in an amount more
<br /> than the balance owed under this Contract. Purchaser shall pay the insurance premiums when due. The policies shall
<br /> contain the standard clause in favor of the Vendor's interest and, unless Vendor otherwise agrees in writing, the original
<br /> of all policies covering the Property shall he deposited with Vendor. Purchaser shall promptly give notice of loss to
<br /> insurance companies and Vendor. Unless Purchaser and Vendor otherwise agree in writing, insurance proceeds shall
<br /> he applied to restoration or repair of the Property dnmagcd, provided the Vendor deems the restoration or repair to be
<br /> economically feasible.
<br /> Purchaser covenants not to commit waste nor allow waste to be committed on the Property, to keep the Property
<br /> in good tenantable condition and repair, to keep the Property free from liens suncrior to the lien of this Contract, and
<br /> to comply with all laws, ordinances and regulations affecting the Property.
<br /> Vendor agrees that in case the purchase price with interest and other moneys shall be fully paid and all conditions
<br /> shall be fully performed at the times and in the manner above specified, Vendor will on demand, execute and deliver to
<br /> the Purchaser, a Warranty Deed, in fee simple, of the Property, free and clear of all liens and encumbrances, except
<br /> any liens or encumbrances created by the act or default of Purchaser, and except: none
<br /> except restrictions and covenants of records
<br /> Purchaser agrees that time is of the essence and in case of default in the payment of any principal or interest
<br /> when due, or in the performance of any o: the conditions, covenants, or promises of Purchaser, and such default shall
<br /> . continue for a period of 60 ___ days, then Vendor may, at Vendor's option, declare the contract at an end, all
<br /> rights of the Purchaser under this agreement cancelled, and the amounts paid by Purchaser hereunder forfeited, the
<br /> same to remain Vendor's property as rental of said premises and as liquidated damages for the failure completely to
<br /> fulfill this agreement; and Vendor shall forthwith and without notice have the right of re-entry; or, at the option of
<br /> Vendor and without notice to Purchaser,notice being hereby expressly waived, the whole amount of unpaid principal shall
<br /> • be deemed to have become due and payable, in case such option shall be exercised, the unpaid principal and interest
<br /> together with all sums which may be or have been paid by Vendor as herein authorized with interest on such disburse-
<br /> ments at the rate aforesaid shall be collectible in a suit of law, or by foreclosure of this contract in the same manner
<br /> as if the whole of unpaid principal had been due at the tirr..e when any such default occurred,and the indebtedness shall
<br /> embrace, with unpaid principal and interest, all the sums st, disbursed with interest as aforesaid. In case of legal pro-
<br /> ceedings to enforce any remedy hereunder, whether abated or not, all expenses, including reasonable attorney's fees, shall
<br /> be added to the principal, become due as incurred, and in case of judgment shall be included therein.
<br /> Upon the commencement or during the pendency of any action of foreclosure of this Contract, Purchaser consents
<br /> to the appointment of a receiver of the Property, including homestead interest, to collect the rents, issues, and profits of
<br /> the Property, during the pendency of such action, and such rents, issues, and profits when so collected shall be held and
<br /> applied ns the court shall direct.
<br /> All terms of this Contract shall be binding upon and inure to the benefits of the heirs, legal representatives,
<br /> successors and assigns of Vendor and Purchaser. (If not an owner of the Property the spouse of Vendor for a valuable
<br /> consideration joins herein to release homestead rights in the subject Property and agrees to join in the execution of the
<br /> deed to be made in fulfillment hereof.) ._ - --
<br /> Dated this 14th day of November, , 1980
<br /> . ' ..,-•&7 ze‘r....*60*-- ..... . ........„0,...... ..._ •
<br /> ...--,,, ..... �-- SEAL) - ���� AL)
<br /> . Richard E. Bretthauer • Maria" Teresa Gnewuch
<br /> �:, :'��:•_. 1 j%; (SEAL)
<br /> -
<br /> . Eve C. Bretthauer - • -
<br /> • 7
<br /> • TfEN'rIiATI s ACKNOWLEDGMENT
<br /> Si as es authenticat this tt day of - STATE OF WISCONSIN •
<br /> ov,- •er . 80
<br /> ,i1..` / - /�l ' �uc County. Gi(
<br /> - • , Personally came before me,this ___T___1.-___.___day of
<br /> . harles E. Pellino,/r.r, fav"..:': 'bi=.!•` , the above
<br /> named
<br /> L 'E 7:7-1-/&_/
<br /> l ��1TITLE: MEMBER STATE BAR s WISCONSIN
<br /> (If not,
<br /> authorized by § 706.06, Wis. Stets.)
<br /> THIS INSTRUMCNT WAS GRAFTED BY to me known to be the person who executed the
<br /> Charles 'E. Pellino, Jr. fore oing strument and acknowledge the same.
<br /> / /lie.1 ��-2 e Al ziCy c'>
<br /> I i= /
<br /> Notary Public �r t
<br /> (Signatures may be authenticated or acknowledged. Both Y ��_ .c 14 �� County, ■
<br /> are not necessary.) My Commission is permanent. (If not, state expirattiGion
<br /> The use of witnesses is optional. _J date: _ _/.7.‘.,47'� 7 , 19.k_!_.)
<br /> 'Xnmeg'off persons signing in any capacity should he typed or printed below their signatures.
<br /> Mk
<br /> COrtrnAcr—Individual and Corporate—State Dar of WI•consin, Form No.ibilikatigia1111 -___
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