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~ DPCUMENT NO. STATE-BAR OF WISCONSIN FORM 11-1982 'NIS SPACs RESERVED Foe RECORDING GATA - •• .. LAND CONTRACT
<br /> •
<br /> [` IndI,Ideel and Corporate
<br /> -1 8° J9�J $25000 IS5INANCEDLAND IN TRANSACTIONS) DANE RECICTER'S OPTICS
<br /> Lv ACT TRANSACTIONS) DANE COUNTY.WIS.SS
<br /> RECORDED ON
<br /> Contract, by and between Earl Olaon., a/k/a Earl E, Nov I 113 PM'83
<br /> Olson and Buena Olson, Husband and Wife as Joint
<br /> Tenants O)3.d..ugh..i,zt..ttia..or.htt_nwn.right ("Vendor", :
<br /> whether one or more) and Kenneth E. Olson and Barbara D. CAROL R.HAHNKE
<br /> Olson, Husband and Wife as Tenants in Common ,REGISTER OF DEEDS
<br /> • ("Purchaser", whether one or more).
<br /> Vendor sells and agrer'a to convey to Purchaser, upon the prompt and full per- 5�'7 PACE 75
<br /> formance of this contract by Purchaser,the following property,together with the tVCI
<br /> \ rents,profits,fixtures and other appurtenant interests (all called the"Property"), . •
<br /> in Rana County, State of Wisconsin: nE,oRN ro
<br /> Waltz, Howden and Franken
<br /> Box 94, Mt. Horeb, Wi 53572
<br /> e
<br /> Description Attached
<br /> Tax Parcel No.
<br /> The parties hereto agree that of the total selling price, the stye) of $55,000.00
<br /> is allocated to the sale of the Vendor's personal residence on the property.
<br /> This is homestead property.
<br /> (is) (is not)
<br /> Purchaser agrees to purchase the Property and to pay to Vendor at Place designated by Vendor
<br /> the sum of$ 269,‘000.00 in the following manner: (a) $ 10,000.00
<br /> at the execution of this Contract; and (b) the balance of 5....2.5.9-,-0.0.0..00 ,together with interest from date
<br /> hereof on the balance outstanding from time to time at the rate of Seven.-U.) per cent per ammro.
<br /> ' until paid in full, as follows:
<br /> Monthly payments in the•amount of $1,520.00 per month (includes principal and interest) ,
<br /> commencing December 1, 19.33, and each and every month thereafter for the term of this
<br /> • contract.
<br /> Provided, however, the entire outstanding balance shall be paid in full or.or before the 1st day.of
<br /> November , 19--.9-3.. ( the maturity date).
<br /> Following any default in payment, interest shall accrue at the rate of 8 °i, per annum on the entire amount
<br /> in default (which shall include, without limitation, delinquent interest and, upon acceleration or maturity, the entire
<br /> principal balance).
<br /> Pt:mil nserremless-exevsek-ry-Ve»dor,-agrees-l o-pal-anont;t}yto-"~r tderIsmer+r+,-.vfficirN-to-p,v-rrm•ort. ,-terliti-
<br /> -paterl-ammRI•helms;;-speciai-msessmenlr,{ire-xnd-reetkAeed-is:�rmRwr}iteR,itMUawhen-due-Pe the-ex.te.nbfeei+wrll+w-).:4t4 r
<br /> Vender-ogeeee-io-apply-I>ayrteMe-te-t.hese-e.bligetoene-when-4 toe.-S.u. -amou..te-secewwI-bwiho-3,:sa4or-faf-}uyutwat-.>f-
<br /> -laxes,-AssoswnQRts-sod-ineurarwe-.will-be-depesked-into-ars.uRa sew-feeds-trustee-.aeoeQRt,--but-,ball net-.bau-int.,r-rte
<br /> -urriess vth«..ise--recprir,d-by-Fart.
<br /> Payments shall be applied first to interest on the unpaid balance nt the rate specified and then to principal. Any-
<br /> amount may be prepaid without premium or fee upon principal at any time after November 1 19 83 :E
<br /> there-nay -bc-mr-prepaymert-of p,:,,a,ip..1•-without-permission-of-Verdora- •
<br /> •
<br /> In the event of any prepayment, this contract shall not be treated as in default with respect to payment so long
<br /> . as the unpaid balance of principal,and interest (and in such case accruing interest from month to month:hall be treated
<br /> as unpaid principal) is less than the amount that said indebtedness would have been had the monthly payments beea
<br /> made as first specified above; provided that monthly payments shall be continued in the event of credit of any proceeds
<br /> of insurance or condemnation, the condemned premises being thereafter excluded herefrom.
<br /> Purchaser states that Purchaser is satisfied with the title as shown by the title evidence submitted to Purchaser
<br /> for examination except: None
<br /> a
<br /> Purchaser agrees to pay the cost of future title evidence. If title evidence is in the form of an ahstract, it shall
<br /> he retained by Vendor until the full purchase price is paid. ■
<br /> • Purchaser shall be entitle to take possession of the Property on Dale of Closing 19 ,
<br /> . • ,. Out nn•, C ;,--tea
<br /> '• t11
<br /> Furnished by: PREFERRED TITLE SERVICE CO. � 'aw1�J_•• (�" �
<br /> 25 WEST MAIN STREET " -, "� I l
<br /> MADISON,WISCONSIN 53703 '''-`� '• `l• t
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