|
I 532
<br /> hoc // i�2"' T 6 g .NsiN—FORM No. 33 H.C.puce Co..rnrrwM. •
<br /> of Agreement, ii 355831 3
<br /> the indexing of recorded documents
<br /> in the Register of Deeds office day of April ,A.D.,19 82,
<br /> is now done by computer. ressie M. Steidtmann, his wife
<br /> This document was indexed in all
<br /> 4 quarters of Section 4/ , Township part ies of the first part,
<br /> q North, Range East due to
<br /> the fact that the egal description >, his wife, and Galen G. Premo and Mary 1
<br /> given is merely the metes & bounds .
<br /> part ies of...the second part.
<br /> Check with your attorney (or person ,�
<br /> drafting the document) to see if ;ond part hereby agree_and bind themselves and ;
<br /> this is as intended.
<br /> the said part ieS of the first part, their i
<br /> NN \ undrerL&& no_/_1_Qftths__(_$47,J O0; 00)Dollars,
<br /> --,.,v.,..-..,t zuuuwmg: -w u-iiunarea-ana--no7T0Oths ($200. 00) Dollars,
<br /> I
<br /> at the ensealing and delivery hereof: The receipt of which is hereby acknowledged, and the balance
<br /> of $47, 300. 00 in monthly installments of $200. 00, or more, the first payment to be made
<br /> 1 on June 1, 1982, with interest on the unpaid balance at the rate of ten (10) per cent per
<br /> annum, payable in monthly installments in addition to any principal installment then due, II
<br /> on the 1st day of each month, commencing June 1, 1982; said interest shall begin to accrue
<br /> on May 1, 1982. Second parties shall have the privelege of paying additional sums of prin-
<br /> cipal in multiples of $100. 00 on any interest paying date. Notwithstanding any provision �I
<br /> herein contained to the contrary, said entire sum of principal and interest thereon shall
<br /> . be fully paid on or before May 1, 1992.
<br /> i� Real estate taxes for the year 1982 shall be prorated as of May 1, 1982, and adjusted
<br /> ifbetween the parties when the same becomes due and payable.
<br /> . The said payments to be made to the part ies of the first part,at their residence in the City of
<br /> Columbus, Wisconsin
<br /> and the same being intended to apply,when fully completed as the purchase money for the owing tract,.piece or parcel I 0
<br /> �w._ i.n. cr _ _- .4- '- `' II
<br /> of land,situated in the Oounty of Dane and State of Wisco sin,to-wit: ommenc ng at the
<br /> Northeast corner of the North half of the Southeast quarter of Section #4, Township - ya '-K
<br /> North of Range #12 East; thence West along the North line of said North alf; of the South-
<br /> east quarter a distance of 935 feet ic4.02.11Di1 t7 thence South at right angles';a distance of
<br /> 910 feet to a point; thence East at right angles a distance of 362 feet to a point; thence
<br /> North at right angles a distance of 276. 5 feet to the centerline of a town road; thence East,;
<br /> at right angles along the centerline of said town road a distance of 573 feet to the center
<br /> line of State Highway #73; thence North along said centerline of State,Highway #73 to the
<br /> point of beginning. Subject to utility easements of record and public highways and
<br /> j pipeline. 7 ■
<br /> It is the intent of the parties to this Land Contract to convey an undivided one-half
<br /> II interest to Gary L. Premo and Joan A. Premo, his wife, and an undivided one-half
<br /> I' interest to Galen G. Premo and Mary E. Premo, hips-wife.
<br /> j
<br /> The said part ies of the second part further agree that they will pay,when due and payable,all taxes and !`
<br /> assessments which have been assessed or--hrffid on the above described premises since the 1st day of January,A. D.,19 83 ,
<br /> and also all such as may be hereafter assessed or levied thereon or upon the interest of said part IP S of the first part in said
<br /> premises;and also all taxes and assessments now or hereafter assessed or levied against any mortgage which may exist against
<br /> said premises or against the note—or the indebtedness secured by such mortgage or against the interest in said premises
<br /> of any party holding a mortgage against said premises during the term of this contract, and promise_and agree that
<br /> the interest of the part ies_of the first part and the interest of the part ies of the second part in said real estate and the
<br /> interest of any party holding a mortgage against said real estate during the term of this contract, shall be assessed for taxation
<br /> (I and taxed together, without separate valuation as unincumbered real estate and shall be paid by the said part of the
<br /> 1 second part and the said part les of the second part hereby waive all rights of offsets or deductions because of the payment
<br /> of any such taxes and assessments, until the aforesaid purchase money shall be fully paid, in the manner above stated.
<br /> The part_ies of the second part further agree that the said part ieS of the first part shall insure and keep insured
<br /> against loss or damage the building S now on said premises and such as may hereafter be erected thereon during the life
<br /> of this contract in the sum of at least Forty-seven thQusand five hundred_($47,_500. 00) Dollars,
<br /> against loss or damage by fire and wind...— __
<br /> ,in the name of the part_iesS-
<br /> i of the first part as owner in fee,with clause in said policy that the said part 1eq!)f the second part ha ve a land contract
<br /> 1 interest therein and the loss,if any,under such insurance shall be payable to the said part ies of the first part to the extent
<br /> of their interest and the surplus, if any, to the said part JP_a of the second part, subject, however, to the rights
<br /> of mortgagees,if any,respecting such insurance; such policy or policies to be held by the said part ies of the first part,
<br /> their heirs,legal representatives or assigns, as collateral to this contract; and the said partieS of
<br /> \/
<br />
|