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UULUMLNI NU. STATE DAR OF WISCONSIN FORM 11-1888 'n"' •.... 01•4•11v.u ,"N a[cu,. m,IQ 00.1.
<br /> LAND CONTRACT
<br /> Indlvld.•l and C.,p.nn.
<br /> ITO IIE USED FOR AL1.TRANSACTIONS WHERE OVER
<br /> ara•000 IS FINANCED AND IN OTHER NON•CONSUNgR
<br /> ACT TRANSACTIONS)
<br /> Contract, by and between WTLBERT $, KNICKMEIER and
<br /> _MUM A• KN CKME.I>~R.,..hu$>land and wife
<br /> ("Vendor", ! -
<br /> whether one or more) and RANDY R. KNICKMEIER and MARIA D. . •
<br /> AN ICKMEIEl la_husband..and._wlfe.,..as..wr iNsIxAhiP
<br /> .maxf.tai..pxDpex.ty ("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
<br /> rents,profits,fixtures and other appurtenant interests (all called the"Property"),
<br /> in Dane County, State of Wisconsin:
<br /> ALT" N TO
<br /> Jonathan M. Hajny
<br /> The South 939.2 feet of the Northeast 1/4 of 109 S. Main St.
<br /> the Northeast 1/4 of Section 6, Township 5 North, Oregon, WI 53575
<br /> Range 12 East, in the Town of Albion;
<br /> The Southeast 1/4 of the Northeast 1/4 of Section
<br /> Tax parcel No. .......
<br /> 6, Township 5 North, Range 12 East; That part of the Northwest i/4 of the Northwest
<br /> 1/4 of Section 5, Township 5 North, Range 12 East, lying West of the highway; The
<br /> Southwest1/4 of the Northwest 1/4 of Section 5, Township 5t North, Range 12 East,
<br /> lying West of the highway; and that part lying East of the' Itiighway described as follows:
<br /> Beginning in the Northeast corner of the Southwest 1/4 of the Northwest 1/4 of Section
<br /> 5; thence South 462 feet; thence West 198 feet; thence North along the highway to
<br /> the North line of the 1/4 - 1/4 ; thence 'East along the North line of the 1/4 - 1/4
<br /> to the point of beginning, all in Township 5 North, Range 12 East, Town of Albion.
<br /> This is homestead property.
<br /> (is) (is not)
<br /> Purchaser agrees to purchase the Property and to pay to Vendor at 870 CTH A, Edgerton, WI 53534
<br /> the sum of s....1.ZQ,.QQQ..QQ in the following manner: (a) j 40,000.00
<br /> at the execution of this Contract; and (b) the balance of=.1.3.0,.000,00 ,together with Interest from date
<br /> hereof on the balance outstanding from time to time at the rate of 9
<br /> until paid in full, as follows: Purchaser shall pay to Vendor principal and interest payments of not
<br /> less than $1,091.00 per month commencing February 1, 1991 and payable on the first day of
<br /> each succeeding month thereafter (commencing immediately after the execution of this Land
<br /> Contract, Purchaser shall assign so much of (heir milk check as will be sufficient to pay t
<br /> monthly payments of principal and interest provided herein to Vendor).
<br /> Provided, however, the entire outstanding balance shall be paid in full on or before the 1st
<br /> January , 18...96.. (the maturity date). day of
<br /> Following any default in payment, interest shall accrue ut the rate of 9 % per on the in default (which shall include, without limitation, delinquent interest and, upon acceleration nor maturity,llthe entire
<br /> principal balance).
<br /> Eurchaser,unless excused by Vendor,agrees to pay monthly to Vendor amounts sufficient to pay reaeonub Kyutici--
<br /> paled ranee? axe etirl- enta,fire and required insurance premiums when • • •e exte ece ve by Vendor,
<br /> Vendor agrees to apply payments to these o •w;•, • • . amounts received by the Vendor for payment of
<br /> taxes, assessment erase—wit •0 •epoeited Into an escrow fun or astee-aeeount,.ltut ll not bear interest
<br /> er se 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 be prepaid without premium or fee upon principal at any tine.Y1414XXXXXXXXXX7fUXXETWAKIS10(41t)
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<br /> In the event of any prepayment, this contract shall not be treated as In default witlt 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 be treated
<br /> as unpaid principal) is leas than the amount that said Indebtedness would have been had the monthly payments been
<br /> made as first specified shove; 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 thin Purchaser is satisfied with the title as shown by the title evidence submitted to Purchaser
<br /> for examination except:
<br /> f•
<br /> Purchaser agrees to pay the coat of future title evidence. If title evidence is In the form of an abstract, It shall
<br /> be retained by Vendor until the full purchase price Is paid.
<br /> Purchaser shall be entitle to take possession of the Property on....c.19.$.1118= x�
<br /> •Co...o.1 on,.
<br />
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