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DOCUMENT NO. STATE BAR OF tiVISCON5IN FORM 11-1982 THIS Ac 4. ROINO DATA
<br /> _ LAND CONTRACT < 76
<br /> _ Indis iduol and Corporate
<br /> „ I 10 g2Oi,000 IS FINANCED AN DR INN OTHFIRNNONCONSUMER Ri:tii`, ,
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<br /> +•�� L-� J �. 1i. ACT TRANSACTIONS) �1� E �r`4 ``t�f:•
<br /> E REco, %(j ?Wi'.
<br /> tract by nd betweep The Federal Land Bank SAP 1�
<br /> o taint Paul , an instrumentality of the 8 4 411 167
<br /> trriited States ("Vendor", ���t�,,
<br /> Joseph D . Trainor and Susan K. F IIO r • F ,t�hK
<br /> whether qne or more) and CR OF
<br /> Trainor, husband and wife DEEns
<br /> li ("Purchaser", whether one or more).
<br /> .i
<br /> Vendor sells and agrees to convey to Purchaser, upon the prompt and full per-
<br /> !I 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: RETURN TO Farm Credit Services
<br /> P.O. Box 7922
<br /> 1I adison, WI 53707 •
<br /> �I M
<br /> • SEE ATTACHED FOR LEGAL DESCRIPTION
<br /> Ii 1
<br /> II Tax Parcel No. •II
<br /> THIS PROPERTY IS RESIDENTIAL AND IS EXEMPT FROM WEATHERIZATION REQUIREMENTS
<br /> PURSUANT TO W-1 AND IS EXEMPT FROM TRANSFER FEE AND FORM PURSUANT TO
<br /> II §77 . 25 (2) , WIS . STATS .
<br /> i,
<br /> I
<br /> , (---\-‘,
<br /> X14 1881
<br /> I
<br /> ;I This is not homestead property. 4602 East Washington Avenue
<br /> (is) (is not) P . O. Box 7922
<br /> • �j Purchaser agrees to purchase the Property and to pay to Vendor at Madison, WI 3707 ,
<br /> {' the sum of $..53.,.5_Q0...0D in the following manner: (a) $_.1.3.,3_ZS_,.0_o
<br /> • at the execution of this Contract; and (b) the balance of $40,125- .Q0 , together with interest from date
<br /> ' hereof on the balance outstanding from time to time at the rate of.....4...90 per cent per annum
<br /> until paid in full, as follows: monthly installments of principal and interest of
<br /> !snot less than $232 . 23 each, commencing October 1 , 1987 , and on the first
<br /> Ili day of each month thereafter.
<br /> III
<br /> jI
<br /> it
<br /> iday of
<br /> II Provided, however, the entire outstanding balance shall be paid in full on or before the 30 Y
<br /> �! September , 19._.9_Q ( the maturity date).
<br /> Following any default in payment, interest shall accrue at the rate of ..12,,D% per annum 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 /> I' rckeserreillees ce4ee4-by xle-7-agr•oea4te-1 gay-iii041 4 44.3leadof-em• ft 43-0+14fieien-t-te -reasonably-arrtiei-
<br /> peted-
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<br /> lwe tent-reeeived-b}-Ve
<br /> ntie
<br /> V41;1 del-agrees-te-& ply-Af jRZ eate-to-the so-44igetiene-;4 en-4141e.-gesti-a}uei,1r►ta46oe+ue4by-the-3JeA4ler-for-po}ns ery
<br /> LAX Car.aSSegmont gnd- n nrnra3IIJl1-10-19goClfid-1At)-Z A-eSCIA9-f3Sd-CT-f73:tPR-a4C6lAt,- u-aot ar-•ilateleeL
<br /> W11e6C-Otkerwise-raquir-6 -lay.�.w,--
<br /> Payments shall be applied first to interest on the unpaid balance at the rate specified and then to principal. Any
<br /> 114.. amount may be prepaid without premium or fee upon principal at any time lX KM
<br /> tk a xlz yzes2 25xnazdzeg zmiigtatx kok mok gm qf zYn dvx*
<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: Mortgage from 0. Arthur Stiennon, III and Michael J. Stiennon, d/b/a
<br /> Skyview Partnership', to Production Credit Association of Madison, recorded November 16,
<br /> 1982, in Volume 3997 of Records, page 12, as Document #1758622, Dane County Register of
<br /> Deeds.
<br /> Above mortgage re-recorded on December 3, 1982, in Volume 4036 of Records, page 5,
<br /> as Document #1758622, to correct the legal description.
<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 entitled to take possession of the Property on...eXeCUtiQfl..QE..thi.S... 0ntr t.....
<br /> 'Cross Out One.
<br /> STATE BAR OF WISCONSIN Wisconsin Legal Blank Co. Inc.
<br /> LAND CONTRACT—Individual and FORM No. I I—1982 Milwaukee, W is.
<br /> Corporate
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