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• DOCUMENT NO STATE BAR OF WISCONSIN FORM 11-1982 TN'• 'PAL, •FA Av D FOR a.C'.UND,NY D.,.
<br /> LAND CONTRACT
<br /> orld
<br /> 2"45523
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<br /> in yLC1 ., „f
<br /> The Federal Land Bank
<br /> Coritract, by and between Sf(' ''
<br /> o.L..Saint...Paul.,-..an. i.nstrumen.tal,i.ty_.g.C...!;hc 4:i 44 '49/
<br /> Uni ted...S to tes ("vendor"
<br /> Madison Retr. Lever. Club ''h(
<br /> whether one or more) and ...... ! ' �•r,-
<br /> c!)c
<br /> ("Purchaser", whether one or more).
<br /> •
<br /> Vendor sells and agrees to convey to Purchaser, upon the prompt and full per-
<br /> formance of this contract by Purchaser,the following property,together with the ,a s 106.1.0(:'.: 37
<br /> rents,profits,fixtures and other appurtenant interests (all called the"Property"),
<br /> in Dane County, State of Wisconsin: To Pam Credit. Services
<br /> • P.O. Box 7922
<br /> Madison, WI 53707
<br /> •
<br /> •n nor , Range 11 East
<br /> more particularly .
<br /> .►� �r--- -• "'.'.-- - _ • Tax Parr'el No. _
<br /> •
<br /> •
<br /> •
<br /> )E=22) -fE>(: CZI.. Te:9\
<br /> .. _-eta` .- - .._r.•awilala..-
<br /> This ._1S IlOt homestead property. 4602 East Washington Avenue
<br /> (is) (is not) P.O. Box 7922
<br /> Purchaser agrees to purchase the Property and to pay to Vendor at Madison, WI 53707
<br /> the sum of$3Q,090.00 in the following manner: (a) $ 10,000.00
<br /> at the execution of this Contract; and (b) the balance of .$ 2.0,.00.0.00 ,together with interest Croon January
<br /> 1, 1988 on the balance outstanding from time to time at the rate of.. 9,0 per cent per annum
<br /> until paid in full, at follows:
<br /> monthly installments of principal and interest of not less than $167.83
<br /> each, commencing February 1, 1938, and on the first day of each month
<br /> thereafter.
<br /> •
<br /> Provided, however, the en''"'- outstanding balance shall be paid in full on or before the 1 5 t• day of
<br /> __January , l9 t)a , the maturity date).
<br /> Fallowing any default in payment, interest shall accrue at the rate of.1 2•0^o per annum on the entire amount
<br /> in default (which shall include, without limitation, delinquent int•re,d and, upon acceleration or maturity, the entire
<br /> principal balance).
<br /> Purchaser,unless excused by Vendor,agrees to pay monthly to Vendor Imruunts sufficient to pay reasonably antici-
<br /> pated annual taxes,special assessments, fire and required insurance preuliunns when due.To the extent received by Vendor,
<br /> Vendor agrees to apply payments to these obligations when due. Such amounts received by the Vendor for payment of
<br /> taxes, assessments and insurance will be deposited into an escrow fund or trustee account, but shall not bear interest
<br /> unless otherwise required by law.
<br /> Payments shall be applied first to interest on the unpaid balance at the rate specified and then to principal. Any
<br /> amount may he prepaid without premium or fee upon principal at any time r}f24q ,}'•'; (Mk)
<br /> X:.1MZ7zxtaxmnpswav mm S:\III atoxix sittacantt tm afC tcmtat.'
<br /> In the event of any prepayment, this contract shall not be trc.ved as in default with respect to payment so long
<br /> as the unpaid balance of principal,and interest (and in such ease accruing interest from month to month shall he treated
<br /> as unpaid principal) is less than the amount that said indebtedness ,could have been hod the monthly payments been
<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:
<br /> NO EXCEPTIONS
<br /> Purchaser agrees to pay the cost of future title evidence. If title evidence is in the form of an abstract, it shall
<br /> he retained by Vendor until the full purchase price is paid.
<br /> Purchaser shall beentitledto take possession of the non-tillable land on the date of this
<br /> •n,, r"'rr"•^ contract and tillable land on December 31, 1988, or when the
<br /> crops are removed, whichever occurs first. �U
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