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<br /> DOCUMENT NO. STATE BAR OF WISCONSIN FORM 11—1992 r"'s•""cc wes.evrro roe ee•.0"o,"u uw'
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<br /> LAND CONTRACT
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<br /> The Federal Land Bank .
<br /> Contract, by and between SE(' /6/
<br /> o.L_.Sa.int...Paul.,...an. ins.tr..umen.tali.ty...Q.f...ncQ 0 4 4N '&-
<br /> United Sta tOS.._. ("Vendor'
<br /> whether one or nwro) and Madison Retriever Club ;ft
<br /> J J. 9s
<br /> ("Purchaser", whether one or more).
<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 'ty[ 106..© . 37
<br /> rents,profits,fixtures and other appurtenant interests (all called the"Property"),
<br /> in Dane County, State of Wisconsin: , , ,,, ro Farm Credit Services
<br /> P.O. Box 7922
<br /> Part of-ti rth 1/2 of the Northwest 1/4 of Madison, WI 53707 •
<br /> • Section 29,1Tbwnship 5 North, Range 11 East
<br /> (Town of Dunkirk) , more particularly described
<br /> as follows: Commencing in the Northeast corner Tax Parcel No.
<br /> of the Northwest 1/4; thence We-it along the North line of said quarter
<br /> section 1143.6 feet to the point of beginning of this description;
<br /> thence South 1313.27 feet more or less to the intersection with the
<br /> . South line of the North 1/2 of the Northwest 1/4; thence West to the
<br /> west line of said quarter section; thence North to the Northwest
<br /> corner of said quarter section and the centerline of diauge Road; thence
<br /> East along said center line to the point of beginning of said parcel.
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<br /> This is not . 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$.3.0.,.13.99...0.0 in the following manner: (a) 0..Oa 000.00
<br /> at the execution of this Contract; and (b) the balance of; 20.,.00.0.00 ,together with interest from January
<br /> 1, 19-88 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 /> Provided, however, the ear;"•• outstanding balance shall be paid in full on or before the 1st day of
<br /> __January , to 94 t the maturity date).
<br /> Following any default in payment, interest shall accrue at the rate of.1 2•0"e per annum on the entire amount
<br /> in default (which shall include, without limitation, delinquent interest and, upon acceleration or maturity, the entire
<br /> I principal balance).
<br /> Purchaser,unless excused by Vendor,agrees to pay monthly to Vendor rutounts sufficient to pay reasonably antici-
<br /> pated annual taxes,special assessments,fire and required insurance premiums 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 rege.ired 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 be prepaid without premium or fee upon principal at any time rn44c , jt (rte)
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<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 shall he treated
<br /> as unpaid principal) is less than tie amount that said indebtedness would have been had 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: 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 heentitlal to take possession of the non-tillable land on the date of this
<br /> 'C,O.."'" contract and tillable land on December 31, 1988, or when the
<br /> crops arc removed, whichever occurs; first. J
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