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DOCUMENT NO, P STATE BAR OF WISCONSIN FORM 11-1982 it THIS {PACE RESERVED FOR RECORDING DAIS
<br /> LAND CONTRACT
<br /> Individual and Corporate
<br /> •
<br /> 1779552.. (TO BE USED FOR ALL TRANSACTIONS WHERE OVER': REGISTER'S OFFICE
<br /> `;mom I8 FINANCED AND N arOPi�,''n�`CONSUMER i DANE COldHTY, WIS. SS
<br /> . RECMEO ON
<br /> Contract, by and between Wayne F. Sutter and Mary :1 Mar " 3 07 P4 'R3
<br /> Helen Sutter, husband gnd wife, aa__jgint__xenanxs.,..Anl7.-
<br /> ....e8�h.. Th.. ..4x.. �X..Q�o00..X-i,�1t, 11 VOLY-._ u . . ,
<br /> whether one or more) and Billy L. Elmore ("Vendor", 1; CAROL R. HAHNKE
<br /> �;
<br /> REGISTER OF DEEDS
<br /> ("Purchaser", whether one or more). �! A
<br /> Vendor sells and agrees to convey to Purchaser, upon the prompt and full per- i l �r't!7`'/�
<br /> PEE 43
<br /> formance of this contract by Purchaser, the following property,together with the ;� 1
<br /> rents,profits,fixtures and other appurtenant interests (all called the"Property"), f'
<br /> in ?axle. County, State of Wisconsin: RETURN TO
<br /> Thomas Haley
<br /> ,310 North Midvale Blvd, #302
<br /> A part of the Southeast 1/4 of the Southeast 1/4 of -Madison; Wisconsin 53705
<br /> Section 33, and a part of the Southwest 1/4 of. the
<br /> Southwest 1/4 of Section 34, all in Town 7 North, Tax Parcel No.
<br /> Range 6 East, Town of Vermont, Dane County, -
<br /> Wisconsin, described as follows: Beginn ng at the Southeast corr}er of said Section
<br /> 33; thence North 89° 29' 27" East- 206.45 \feet; thence North 12° 36' 00" East 697.26
<br /> feet; thence West 1556.97 feet to the centerline of C.T.H.. JG; thence South 62°
<br /> 20' 00" West 133.70 feet along C.T.H. JG; thence South 0° 11' 00" East 625.78 feet;
<br /> thence North 89° 45' 29" East 1314.85 feet to the point of beginning.
<br /> Subject to a 33 foot right of way for road purposes across the Northwesterly side
<br /> thereof for C.T.H. JG and across the Easterly side for the existing gravel town
<br /> road.
<br /> This is not homestead property.
<br /> (is) (is not)
<br /> Purchaser agrees to purchase the Property and to pay to Vendor at designated residence
<br /> the sum of $ 25;000.00 000.00 in the following manner: (a) $ 7,000.00
<br /> at the execution of this Contract; and (b) the balance of $ 18:000.00 , together with interest from date
<br /> hereof on the balance outstanding from time to time at the rate of 9.0 per cent per annum
<br /> until paid in full, as follows: Said interest shall be payable semi—annually. In addition to
<br /> payments on interest, principal in the amount of not less than $1,000.00 or more than
<br /> $2,000.00 shall be payable semi-annually. The first payment on principal and interest
<br /> shall be paid six months from the date hereof and shall continue each and every six
<br /> months thereafter until five years from the date hereof, at which time the entire re-
<br /> maining principal balance and interest shall be paid in full. Interest shall be
<br /> adjusted at the end of the second year at a rate which is 3.0% less than the State Bank
<br /> of Mt. Horeb then charges on real estate loans, but not less than 9.0% per annum.
<br /> P ovidedg, however, the entire outstanding balance shall be paid in full on or before the day of
<br /> ipril , 19 88 ( the maturity date). or the adjusted rate
<br /> Following any default in payment, interest shall accrue at the rate of 9.0 % per annun'on the entire amount
<br /> in default (which shall include, without limitation, delinquent interest and, upon acceleration or maturity, the entire
<br /> principal balance).
<br /> Purchaser, unless excused by Vendor, agrees to pay monthly to Vendor amounts 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 required by law.
<br /> Payments shall be applied first to interest on the unpaid balance at the rate specified and then to principal. WM
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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 be treated
<br /> as unpaid principal) is less than the 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: None
<br /> This land contract shall not be assigned or the premises resold during the term of
<br /> this land, contract without the specific written consent of Vendor.
<br /> Purchaser agrees to pay the cost 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 May 10 , 19 83
<br /> *Cross Out Ono.
<br /> FA
<br /> L,00.qn ttACT--to 'dual and STATE BAR OF WISCONSIN Furnished by Dane County Title Company
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