|
l' .
<br /> DOCUMENT NO, STATE BAR OF WISCONSIN—FORM 11
<br /> AI •�r LAND CONTRACT—Individual sad
<br /> ` 1726296 Y�. 33O2PkGE T8 ..:.!. la..._.
<br /> TM,a CL MINDED FORIPINOROINS OATH
<br /> t.:'1f;A1y ::a (:t i
<br /> ont a Clarence H.. Marten and Lillian
<br /> k .,
<br /> P t b and tween .. .. .-...t.: :.�
<br /> Kilpa r c ol-n on, ersonal Representative of the estata , .
<br /> ' of Ed>wraYd°5 Thurnturc°afk/ti E:J Thornton ,3-1r0E'C 23:
<br /> P3: 58
<br /> ("Vendor", ,,
<br /> whether one or more) and Douglas M. Peterson and ,. .L,:c .,•r^ .;---:.
<br /> Pamela A. Peterson o f i - "�' ...�,:
<br /> ("Purchaser", whether one or morei� i'f"-;� ';pOL.•15002PAC3 7p
<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"), ltegister oi Deeds
<br /> in Dane County, State of Wisconsin: —.
<br /> tyy n"ro QQ
<br /> •t..c< ne.>✓ /r] h---6jae
<br /> ` .",n is 7
<br /> -.i Tax He No.
<br /> The West h of the NEh of the NEh of Section 16, containing approximately 20 acres
<br /> i and the East h of the NEti of the NE' of Section 16; along with a triangular parcel
<br /> d in the Northeast corner of the Eh of the SE' of the NE1 of Section 16, lying
<br /> Northeasterly of the center line of the 4-rod private gravel road as is presently
<br /> ' I!
<br /> . staked and graded. Said parcel measures about 22.6 acres. All in Town 7 North,
<br /> Range 7 East.
<br /> t Private road easements and public utilities easements are more fully
<br /> 1 described on the Addendum attached hereto and incorporated herein.
<br /> II
<br /> •
<br /> This is not homestead property,
<br /> (is) (is not)
<br /> Purchaser agrees to purchase the Property, and to pay to Vendor at 2 East Gilman, Madison, Wi.s.
<br /> i
<br /> the sum of$ 50,009,00 in the following manner: $ 25,000.00
<br /> I at the execution of this Contract, and the balance of $__25.000.00 together with interest from date
<br /> hereof on such portions as remain from time to time unpaid, at the rate of 81 per cent per annum,
<br /> until paid in full, as follows: Purchaser agrees to make monthly principal and interest
<br /> ■ payments of $300.00 commencing one month from the date of this contract and
<br /> continuing on the same day of each month thereafter provided the entire balance
<br /> shall be due and payable on or before five years from the date hereof.
<br /> 1
<br /> I
<br /> IAll checks are to be made payable to T & M Ranch.
<br /> P.O, ®ox Sao°
<br /> Ii Matti on, W i 597O8
<br /> i Purchaser,unless excused by Vendor,agrees to pay monthly to Vendor payments sufficient reasonably to anticipate
<br /> I the payment of taxes, special assessments, fire and required insurance premiums. To the extent received by Vendor,
<br /> I Vendor agrees to apply payments to these obligations when due. Such amounts received by the Vendor for payment of
<br /> i! taxes,assessments anetseaadei by lnc will be deposited into an escrow fund or trustee account, but shall not bear interest
<br /> IIPayments shall be applied first to interest on the unpaid balance at the rate specified and then to principal. Any
<br /> I amount may be prepaid without premium or fee upon principal at any time after ,-11,-----(01t)
<br /> thee`imy-be-Re p repeytneatr ef`•pri,eeipel-Filheat-perfn+esiorrof-Vendori
<br /> In the event of any prepayment,this contract shall not be treated as in default with respect to payment so long
<br /> I! as the unpaid balance of principal,and interest (and in such case accruing interest from month to month shall be treated
<br /> II as unpaid principal) is less than the amount that said indebtedness would have been had the monthly payments been
<br /> (I made as first specified above; provided that monthly payments shall be continued in the event of credit of any proceeds
<br /> I i of insurance or condemnation, the condemned premises being thereafter excluded herefrom.
<br /> I Purchaser states that Purchaser is satisfied with the title as shown by the title evidence submitted to Purchaser
<br /> :1 for examination except: Outstanding Vendors interest in Land Contract recorded in
<br /> (l Volume 326 of Records, page 243, Document //1320024
<br /> j
<br /> ,l
<br /> •' Purchaser agrees to pay the cost of future title evidence. If title evidence is in the form of an abstract,it shall II
<br /> i l be retained by Vendor until the full purchase price is paid.
<br /> date hereof
<br /> Purchaser shall be entitle to take possession of the Property on , 19
<br /> 'Co.,r Out One (TO BE USED IN NON-CONSUMER ACT TRANSACTIONS)
<br /> •
<br /> ' 1 ' •1 •
<br /> ND CONTRACT—iadbldual wad STATE BAR OF WISCONSIN Wincon.ln Lead clank Co. Inc.
<br />
|