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-.� V. Ilor •+•r„CI,IA iCVIUut ua rile 1 i,p:ity „a 111...!: . Ind
<br /> ."" p ..mound receipts showing such payment.
<br /> .
<br /> Purchio.: shell
<br /> perils and such improvements
<br /> hazards es Vendor nosy termite, w tlimiticlo�insurance,ltl rou`hsinsurers
<br /> tenJtJ approved or
<br /> by Vendor, In the sum of j 130,000.00 , but Vendor shall not require coverage In sicamounl inure
<br /> • A than the balance owed under this Contract. Purchaser shill pay the insurance premiums when due. The polities shall
<br /> contain the standard clause In favor of the Vendor's interest and, unless Vendor otherwise agrees In writing the original
<br /> of all policies covering the Property shall be deposited with Vendor. Purchnser shall promptly give notice of loss to
<br /> Insurance companies and Vendor. Unless Purchaser and Vendor otherwise agree in writing, insurance pi tweeds shall
<br /> he applied to restoration or repair of the Property demigod, provided the Vendor deems the restoration or repair to be
<br /> a economically feasible.
<br /> Purchaser covenants not to commit waste nor allow waste to be committed on the Property, to keep the Property
<br /> in good tenantable condition and repair to keep the Property (tee from liens superior to the lien of this Contract, and
<br /> to comply with all laws, ordinances and regulations affecting the Property.
<br /> Vendor agrees rformed at the the and In the manner above specified,other will ton(demand,execute and deliver t to
<br /> shall be fully
<br /> the Purchaser, a Warranty Deed, in fee simple, of the Property, free and clear of all liens and encumbrances, except
<br /> any liens or encumbrances created by the act or default of Purchaser, and except: None
<br /> Purchaser agrees that time is of the CBSCIICe and (a) in the event of u default in the payment of any principal or
<br /> interest which continues for a period of .....49..days following the specified Joe date or (b) in the event of a default in
<br /> performance of any other obligation of Purchaser V.10,1. :unUnites far n period of 60 days following written notice
<br /> thereof by Vendor (delivered personally or mailed by certified nail),then the entire outstanding balance under this contract
<br /> shall become immediately due and payable in full, at Vendor's option and without notice (which Purchaser hereby
<br /> waives),and Vendor shall also have the following rights and remedies (subject to any limitations provided by low) in
<br /> addition to those rovided by law or in equity: (i) Vendor cony, at his option, terminate this Contract and Purchaser's
<br /> rights, title and interest in the Property and recover the Property back through strict foreclosure with any equity of
<br /> redemption to be conditioned upon Purchaser's full payment of the cnth a ouiatandin{g, bahunce, with interest thereon from
<br /> the date of default at the rate in effect on such date anti other aicIOUci( di,o ic'rcu,,her(icc wild,event ill nnioiin(a previously
<br /> paid by Purchaser shall be forefeited as liquidated damages for failure to fulfill this Contract and as rental for the
<br /> Property if purchaser fails to redeem); or (Ii) Vendor may sue for specific per formic n ee of this Contract to compel
<br /> Immediate and full payment of the entire outstanding balance, with interest (hereon at the rule in effect on the Jute of
<br /> default and other amounts due hereunder,in which event the Properly shall lie. auctioned at judicial stile and Purchaser
<br /> shall be liable for any deficiency;or (Iii) Vendor may site at low for the entire unpaid purchase price or tiny portion
<br /> thereof; or (iv) Vendor may declare this Contract at an end nod mimeo this (:untractusaclo11d un title in a quiet.litle
<br /> action if the equtiable interest of Purchaser Is insignificant; and (v) Vendor may have Purchaser ejected from possession
<br /> of the Property and have a receiver appointed to collect any rents, is:nms or profits during the pendency of any action
<br /> under (i), (ii) or (iv)) above.Notwithstanding any oral or written statenunits or actions of Vendor, an election of any
<br /> of the foregoing remedies shall only be binding upon Vendor if and when pursued in litigation and all costs and expenses
<br /> including reasonnblo attorneys fees of Vendor incurred to enforce any remedy hereunder (whether abated or not) to the
<br /> extent not prohibited by law and expenses of Lille evidence shell be lidded to principal nod paid by Purchaser. us in.
<br /> currei, and shall be included in any judgment.
<br /> Upon the cornmencelneit or during the pendency of any action of foreclosure of this Contract Purchaser consents
<br /> to the appointment of a receiver of the Property,lineludiug homestead interest,to collect the rents,issues,and profits of
<br /> tho Property 'luring the pendency of such nc.tjen„snll„suc l,rents, issues, :iii(profits when so collected shall be held and
<br /> applied as the court shall direct.
<br /> Purchaser of Purchaser's rights lunder this transfer,Cotract or by optic, long-term equitable leaseorilinu any in way))without the prior)written
<br /> consent of Vendor unless either tho outstanding balance paynhlo under Mix Contract is first paid in full or the interest
<br /> conveyed Is a pledge or assignment of Purchaser's interest under this Contract coley es security for an indebtedness of
<br /> Purchaser.In_the event of any such trawler,sale or convoy unce_wi0uat Vendorla-,v.tti.. 1'"uu'.t,-
<br /> balance payable under this Contract shall become immedintly due and payable In full, at Vendor's option without notice.
<br /> Vendor shall make all payments when due under any mortgage outstanding against the Property on the date of
<br /> this Contract (except for any mortgage granted by Purchaser) or under any note secured thereby, provided Purchaser
<br /> makes Noel;'payment of the amounts then die under this Contract. 1 urchneer may make any such payments directly to
<br /> the Moc)gal:eo if Vendor fails to do so arid all payane'ts sl, mode buy Purcb aser shall be considered pnynnents mode on
<br /> this Contrast.
<br /> Vendor may waive any default without waiving any other subsequent or prior default of Purchaser.
<br /> All terms of this Contract shall be binding upon end inure to the benefits of the heirs, legal representatives,
<br /> successors and assigns of Vendor and Purchaser. (If not an owner of the Property the spouse of Vendor for•valuable
<br /> consideration joins herein to release homestead rights in the subject Property and agrees to join in the execution of the
<br /> deed to be made In fulfillment hereof.)
<br /> bated this /St.. ...... .. day of ... .... January 91
<br /> K 19_.
<br /> ./ ,'.` (seal.)
<br /> • Randy R. .Knickmeier. ._.. . .... .... Wilbert S. Knickmeier
<br /> ��/tile[.. 2`✓..` LLC�IiFf ~4..... . (:;l:A h.) >ALL `. o 74LLCLL. (seAl,)
<br /> • Maria D. Knickmeier , ShirleyCnickmeier
<br /> AU 7 11 EN TICATION ACKNOWLEDGMENT
<br /> Signature(s) STATE OF WISCONSIN
<br /> Dane "e'
<br /> authenticated this day of 19 ••.•.•••.County, 111
<br /> Personally came before me this 1St day of
<br /> January , 19.90... the above named
<br /> .Wilbert...S..Knicktneie.r Shirley..A.....
<br /> TITLE: MEMBER STATE BAH OP WISCONSIN Kaickme.iex.,k><is wife,*endors;Randy
<br /> .
<br /> (If not,
<br /> R.Knickmeier.,.Maria...D.Kn .0 cmeier,.,
<br /> authorized by 4 700.08, Wis. State.) his..wif.e,...Plxrchas.exs
<br /> •
<br /> to me known to be the person S who executed the
<br /> foregoing instrument and acknowledge the same.
<br /> Ttits INSTRUMENT WAS GRAFTED DY 1
<br /> Jonathan M. Hajny ,`
<br /> Margie Martin
<br /> Notary Public ..Dane County, Wis.
<br /> (Signatures may be authenticated or acknowledged. Pooh My Commission gas. sin taw j.(I( not, state expiration
<br /> are not necessary.) date: Sept. 12th
<br /> 19. 94..)
<br /> *Name.of panne, d.nine L..n, coped', +Weld be trpol or 11'nle•1 b.dow tb•ir al
<br /> Yll.11lrv,.
<br /> LAND CONTRACT--Indi.IJu.I.lid I'.r —slat,flan of n'L:nn.ln, Term Ne.II–•1987
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