|
"•'•• -•• '•�-C nC.CaVCV rVn nCL VnV11Y\I VrrIM
<br /> e YVl 11� 1.V fNhf 1
<br /> • 1.6e)e)093
<br /> CONTRACT, by and between _LeRoy V. Kreger and Yvonne RE:t;(dF�[�E(, (l�� ` r -
<br /> _A._Kreger-,_his wife, as. joint tenants , _ and each .
<br /> individually___ .____._ ___. ._ ._- .. -
<br /> _ _
<br /> herein r ailed Vend,,, whether one nr more,
<br /> and Gerald .L. Grunewald, a single person, not now . uU JIAN I l ' II : 51
<br /> •• married - - - - -
<br /> _.___ herein enIled Purchnser, whether one or more,
<br /> WITNESSETlI: That the Vendor, in consideration of the payments to be made and the `•rl i%)/0 n•t. ;
<br /> covenants and ngrremrnt^ by the Furchnarr to he •erf•rned, an hereinafter set forth, J
<br /> hereby sells and agrees to convey onto the F'urrhaser, upon the prompt and full perform- RETURN TO —*•5 r
<br /> once by the Pm, tenser of the covenants and agreements of this contract to he by the / `T.j ..�,f, I Y 5/4r,1
<br /> Purchaser performed, the following described real estate in Dane_ 1
<br /> /J)
<br /> ( 'f'r. ( ( /t,i� ,, ' 3.I,?t
<br /> County. State of Wisconsin: p y — — -
<br /> Se �+a`-�a�`i )tfv-t ��t e.cs�C. p„sc_ 62,.,.t Tax Key r —
<br /> r / This is—_-__homestead property.
<br /> A pioce or parcel of land located in Section 5, Township 8 North, Range
<br /> 12 East, descrAld�' as follows: Commencing at a point on the South line of -
<br /> Section 5, 1i8 rods East from the Southwest corner of the Southeast 1 of the
<br /> Southwest 4, thence North parallel with the 1/8th section line, -5 chains--_ •
<br /> 13 1 links to point on South line of right-of-way of C.M. and St. P. Ry. Co.
<br /> (the present Chicago, Milwaukee, St . Paul and Pacific Railroad Company), thence
<br /> East 12 links to point, thence North 100 feet to point on South boundary line
<br /> of said right-of-way, thence East along South boundary line of said right-of-
<br /> way 7.82 chains more or less to North and South quarter line of said Section 5,
<br /> thence South on said North and South quarter line 6 chains 161/2 links to
<br /> intersection of said line with South line of Section 5, thence West along said
<br /> South line to the place of beginning, containing approximately 5 acres .111
<br /> square rods, subject to existing public highways and all easements of record.
<br /> Subject to Well Agreement as recorded in Vol. 1296 of Records, page 16,
<br /> as Document No. 1646855.
<br /> together with all buildings, improvements, fixtures and appurtenances, now or nerrslier erected thereon. including all screen and storm
<br /> doors and windows, attached mirrors, fixtures, shades, attached floor covering, hot water heater, furnace, oil tank and light fixtures
<br /> which shall be a part of the real estate.
<br /> This Land Contract cannot he prep:li-d without written permission of vendor.
<br /> The Purchaser, in considerntlon of the covenants and agreements herein made by the Vendor, s .cs to purchase the abase.
<br /> described premises, and to pay therefor to the Vendor at their residence or as otherwise directed .
<br /> the sum of FORTY__TWO_.THOUSAND_andinnoh1RO._(4482g 000-001.0 �ee10.. . .._._...... . ._Dollars.
<br /> in manner following: s_1O,DOO.,.00/$5OOat the execution hereol;le receipt w Brew is herby acknowledged, and the balance
<br /> of $ 32 ,000 . 00 ._ _. , together with interest on curls portions thereof as shall remnin from time to time unpaid, at the rate
<br /> of--.-9 1/2 per cent per annum, until paid in full, as follows: Said principal and interest shall be payable in -mOn.-th.Ly_—__.
<br /> installments of not less than s__300.00_--. per-- . - --- month . , beginning on the 15th_.—_
<br /> day of.. Februar 1980._._._-, provided the entire purchase money and interest shall be fully paid within
<br /> __-twenty.-_(2O) _ _._ _ years from the date hereof.
<br /> Purchaser further ngrees, unless excused by Vendor, to pay monthly payments sufficient reasonably to anticipate the payment of
<br /> taxes, special assessments, fire and extended coverage premiums and such other insurance premiums as Vendor may require, and Pur-
<br /> chaser agrees to make such payments to the Vendor and hereby nuttorises Vendor to apply the same in payment of such items.
<br /> Balance of $9 , 500.00 down payment to be due and payable on or before 7/3/80,
<br /> = ogether with interest thereon at 9 1/2% per annum from date hereof to date of
<br /> ,ayment . balance
<br /> At no time shall balance due hereon be exceeded by/Vendors owe to John A.
<br /> laefner and Clarice M. Haefner on their land contract and if said balance should
<br /> •ver exceed that amount , buyers hereunder may pay direct to Haefners .
<br /> Said payments shall be applied first to interest on the unpaid balance at the rate herein specified and then to principal. Any
<br /> amount may be prepaid without premium or fee upon principal at any time, and interest shall be calculated•at all times on the unpaid
<br /> balance on the daily rate basis at 1/360 of the annual rate. •
<br /> In the event of any prepayment, this contract shall not be treated as in default with respect to payment so long as the unpaid
<br /> balance of principal, and interest (and In such case accruing interest from month to month shall he treated as unpaid principal)is less
<br /> than the amount that said indebtedness would have been had the monthly payments been made as first specified above; provided that
<br /> monthly payments shall be continued in the event of credit of any proceeds of insurance or condemnation, the condemned premises
<br /> being_ thereafter excluded herefrom.
<br />
|