DCPREZ-2020-11641 - Laserfiche WebLink

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Purchase Agreement M&W Olson Partnership (the "Seller"), of 1690 County Road B, Stoughton, Wisconsin 53589 does hereby sell, assign, and transfer to Gregory H. Duckert Irrevocable Trust dated January 9, 2018 (the "Buyer"), of 2296 Tower Dr., Stoughton, Wisconsin 53589 the following property: PROPERTY: Rights to a real estate split which entitles the buyer to designate a portion of their existing property, farm, to be granted the right to build a residence. Said property to be forever recognized as a separate, distinct and transferable parcel of taxable real estate under law. The split to be rezoned by the Town of Pleasant Springs to conform to the requirements of the township development plan. For a TOTAL AMOUNT OF $100,000.00 The purchase amount to be paid to the seller as follows: $25,000.00 at the time that this agreement is excuted. An interest rate of 3.5%per annum to be applied to the balance outstanding at any time and paid to the seller monthly until paid in full. The balance of the purchase price to be paid by no later than June 30, 2021. The buyer has the right to prepay any amount at anytime without penalty. If the buyer sells the property known as 2296 Tower Drive, Stoughton, WI 53589 the balance due plus accrued interest is due and payable immediately upon closing to M&W Olson Partnership. The Seller warrants that they are the legal owner of the property and that it is being transferred to the Buyer free and clear of any liens or encumbrances. The above property is sold on an "AS IS" basis. The Seller makes no warranties, express or implied (except as specifically stated in this document)_ This transfer is effective as of September 25, 2020. The property is now located at 1690 County Road B, Stoughton, Wisconsin 53589, and all of such property is in the possession of M&W Olson Partnership. (SIGNATURE PAGE FOLLOWS This is a RocketLawver.com document.