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utr mitt t'i pins acs to pay a hen due PH wren rout ine.esso..•u,I:i it ird .iu the I'n.1.rl iv .0 upon %NO..,A MI."
<br /> in It and to deliver to Vendor on deemed receipts slowing such payment.
<br /> Purchaser Isbell keep the Improvements on the Properly ins ed uguiiaL hiss or damage oerasioned by lice, cx-
<br /> tended coverage perils and such other hazards as Vendor may rmluirc, without cc-insurance,through insurers npproved
<br /> by Vendor, in the sum off value of improvements het Vender ellnbl hot require coverage in nn amount more
<br /> than the balance owed under this Contract. Purchaser shall pay the insurance premiums when due. The policies eimll
<br /> contain the atenderd clause in favor of the Vendor's Interest cud,unless Vendor otherwise ngrers in writing,'the nriginnl
<br /> of all policies covering the lroperty shall be deposited with Vendor. i'nrcbaser shall promptly give notice of lose to
<br /> insurance companies and Vendor. (:nine Purchaser and Vendur otherwise agree in writing, insurance proceeds shell
<br /> be applied to restoration or repair of the Property damaged, provided the Vendor dveme the restoration or repair to be
<br /> economically feasible.
<br /> Purchaser covenants not to commit waste nor allow waste to he committed on the Property, to keep the Properly
<br /> in good tenantable condition and repair to keep the Property free from liens superior to the lien of this Contract,and
<br /> to comply with all laws,ordinances and regulations affecting the Property.
<br /> shall be
<br /> Vendor agreee that in ease the purchase price with Interest and other moneys shall be fully paid and all conditions
<br /> fully performed at the limes and la the manner above specified, Vendor will on demand,execute and deliver to
<br /> the Purchaser,a Warranty Deed, In foe simple,of the Property, free and dear of all lien. and encumbrances,except
<br /> any pens or encumbrances crated by the act or default of Purchaser, mid except: NONE
<br /> Y26'2B9P
<br /> Purchaser agree.that time I.of the essence and (a) In the event of a default In the payment of any principal or
<br /> interest which continues for a period of days following the specified due date or (b) in the event of a default in
<br /> performance of any other obligatio..of Purchaser which continues fur a period of.30....days following written notice
<br /> thereof by Vendor(delivered personally or mailed by certified moil),then the entire outfit:lnling butanes under this contract
<br /> shell become immediately due and payeule in full, at Vendor's option and without notice (which Purchaser hereby
<br /> wolves),and Vendor shall also have the following rights and remedies (subject to any limitations provided by law) hi
<br /> addition to those provided by law or in equity: (I)Vendor nmy, at his option, terminate this Contract and Purehnscr's
<br /> tights,title and interest In the Property and recover the Property hack through strict foreclosure with any equity of
<br /> redemption to be conditioned upon Purchaser's full payment of lie entire nutetnndingI,balmu•e,with intereat thereon from
<br /> the date of default at time rate in effect on such data end other amouiutsiimuo hiorounulor(ii,whkli event nil amounts previously
<br /> paid by Purchaser shall be forefelted as liquidated damages for failure to fulfill this Contract end ne rental fur the
<br /> Property if purchaser fails to redeem); or (II) Vendor rimy sue for equeili.' per form once of this Contract to compel
<br /> immediate mind full payment of the entire outstanding hnlartce, with interest thereon at the rite in effect on the date of
<br /> default and other amounts due hereunder,in which event the Property shell be nnctinned at judirinl sale and Purchaser
<br /> shall be liable for any deficiency;or(iii) Vendor new who nt Mw for the entire unpaid purchase price or any portion
<br /> thereof:or (iv) Vendor may declare this Contract at an end and ran ore this ('untractnsackeid on title in a gniet.litie
<br /> action if the equtiable interest of Purchaser I.ineignificint; and (v) Vendor may:eve Purebnscr ejected from possession
<br /> of the Property and have a receiver appointed to collect oily rents, issues or profits during the pendency of any action
<br /> under (I), (Ii) or (iv) above.Notwithstanding any arid or written atatenu'uts or actions of Vendor,an election of any
<br /> of the fforegoing remedies shell only be binding upon Vendor if and when pirated bas litigation and all costs and expenses
<br /> including reasonable attorneys fees of Vendor Incurred to enforce any remedy hereunder (whether abated or not) to the
<br /> extent not prohibited by law end expenses of title evidence shell he added to principal and paid by Purchaser, as in-
<br /> curred,end shall be included in any judgment.
<br /> •
<br /> Upon the commencement or during the pendency of any action of loreclosure of this Contract,Purchaser consents
<br /> to the appointment of a receiver of the Property,including homestead intermit,to collect the rents,belles,and profits of
<br /> the Property during the pendeney of such action.and such rents.Isamu,still profits when so collected shall be held and
<br /> applied as the court shall direct. equitable
<br /> of
<br /> Purchaser der this Centred orb option,long-term lie orinin mry in other way)without thegpriortwritten
<br /> consent of Vendor unless either the outstanding balance pay Ale under this ta,ntract is first pntd in (u)1 or the Interest
<br /> conveyed is a pledge or assignment of Purchaser's interest under this Contract sotey no eccurlty for an indebtedness of
<br /> Purchaser.In the event of may such transfer,sale or convey neer.with nit Vendor's writtr,t onsent,the entire outstanding
<br /> balance payable ander this Contract shall become immedintly duo'amid paynhle in full,at Vendor's option without notice.
<br /> Vendor shall make all payments when due under any mortgage outstanding against the Property on the date of
<br /> this Contras((except for any mortgage granted by Purchaser) or under runt mute :moored. provided Purchaser
<br /> makes timely payment of the amounts teen due under this Contract. Purchaser may make ny such payments directly to
<br /> the Mortgagee if Vendor fails to do so and all payments en made by Purchaser shall he considered payments made on
<br /> this Contra:t.
<br /> Venda may waive.any default without waiving any other subseuueut or prior default of Purchaser.
<br /> AU terms of this Contract shall he binding upon and Inure to the benefits of the.helrs legal re reeentativee,
<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 rlghte In the subject Properly and agrees to join In the execution of the
<br /> deed to be made in fulfillment hereof.)
<br /> Dated yes ciz as of this
<br /> �1st day of January 1994
<br /> eL, Lc) .dam`-r'r'`.",'r' 181:■ 1,1 "'.. l " "_
<br /> .Arden W. Denton • Timothy J. Hank
<br /> (SEAL) t`Q!i�A��' Ty`�"",_ ..(SEAL.)
<br /> Ethel G. Dei(ton , Diane C. Hank
<br /> AU7119NTi0ATION r ACKNOWLEDGMENT
<br /> •
<br /> Signsture(s)of Arden W. Denton, Ethel G. DentOT6TATE OF WISCONSIN
<br /> „timothy J. Reek, and Diane C. Bask es.
<br /> Dane. County.
<br /> authenticated this day of 10 Personally came before me this ...1st, day of
<br /> .January.]., , 19 94.. the above named
<br /> Arden..W..Jflton r.Ethel.�..Ilenton,
<br /> • Jonathan M. Hajny Tjmot ,_J.._fiaak_
<br /> TITLE:MEMBER STATE BAR OF WISCONSIN and.I�iane�.•Peale
<br /> xvilmtpc
<br /> sX to rue known to he the person ..5 who executed the
<br /> foregoing in rumeut anti ack ledge the same.
<br /> THIS INSTRUMENT WAS(marten nv -
<br /> Jonathan M. HaJny
<br /> • .l
<br /> r,,,�_.. ... ee t...Farnel1
<br /> Notary Public_.Dane • • County, Wis
<br /> (Signatures may be authenticated or acknowledged, Path MY Commission Is permanent.Of not; state exp�atjon •
<br /> are not necessary.) date: . 7 • j9 6 )
<br /> straws at veneer•nntna In any mpaehlr should be taped or whiled 6elrve their eletesho.e.
<br /> LAND CONTRACT--11414vd sad Cermet—x1.1.Dar et wl.esuls,rsna Ne.II—Her
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