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<br />Zbio AT ''it df Agreement,
<br />Made and concluded this 19th `" ' day of I00021b$r " " J,r A. A, 1940 ,
<br />by and between *. No Drewry w3i3<Ywairk of Madison, Vi4s+ahrs3»s '
<br />par{'' of the first part,
<br />and Herbert t* Elli.ker and viola wife.* as joint �Orants d riot '
<br />as tenants in aozrmon, of Madison--, Wisconsin parde8 of the second part.
<br />Mitmoettb, First. That the said part ion of` the second part hereby agree and bind themselves
<br />or their legal representatives, to pay, o % cause to be paid, to the said part yr. of the first part, his
<br />heirs or assigns, the sum of*"'"�"'^"'i"" """�' " y*- in Hundred i�t�d T`1 `4 95 .400)""'�"M'+'Dollars,
<br />in the manner ITundr (0400 *00)
<br />+� oliaxs,
<br />at the ensealing and deliveryy iereof: and the balance of Forty -Five Bundred ltd " ifty 10�65C}��a
<br />Dollars tpayss6le as follo*ss Thirty - $etven and fifty onoobundradthe (0374'54) Dolltrk,, or
<br />moree# on February 1„ 1943# 'snd' Th � 8veri �itrd -fifty zn9w1iundi*4hs (437400) Doll,ars,h
<br />or more j on the first of each month thereafter until. Pobruary 1, 19421 what th6 monthly
<br />payments are to be increased to Forty ($40*00) Dollars,, or more* Said monthly payments
<br />of Forty ($40#00) Dollars* or" moreJe are to be made on the first" of each month theereaftei
<br />until January 14 1946, when the entire balance is due and playable* All.. unpaid balances
<br />are to bear interest at the rate of five (%) percent per . annw;* ISonthly payments are
<br />to first apply on intoreet and t he balance on principal, matcing a new balance on the
<br />first of each month& Interest is to commenced on January 2,r ZBOo . In addition to the
<br />above monthIly payments, parties of the second part ara to deposit in the SM A,► Il hlkuoh
<br />Goo Trust Account, .Fives ( 5.00) Dollars each ninth as payment on taxes and insurance,
<br />The said payments to be made-to the part y of the first part, at . Madison, Wisconsin
<br />and the same being intended to apply, when .fully completed, as the purchase money for the following
<br />tract, piece or parcel of land, situated in the County of Dane and State of Wisconsin, to -wit:
<br />Lot Five (5), Block rive (d)„ Lakeview Rei ghts,
<br />Town. of Westport, according to the recorded plat.
<br />The uboves described property is qubjesct to the follovcingr restrioti.ones
<br />1, i> buf1ding shall be erected on the above described premises nearer than tvranty-
<br />fire feat from the front lines,, nor nearer than teen f'ee't from tiles side line*
<br />g• No trailer, basement, tent, .ahae k... Sarageo barn„ or out building erected on said
<br />premis.00 sball at wW time be used,,�,s & reessidonesw
<br />So. No building previously erected elsewhere shall be moved on the above described
<br />p semi. se3so
<br />4. No building to be used as a residences shall by erected unless the actual cost
<br />of said building be not less than 02500#00.
<br />Sr Only members of the aauca.si.azn raise, shall use or occupy ary dwellings, excepting
<br />that this shall not prevent, oocupanoyr by domestic servants of a different race
<br />employed, by an owner or tenant.
<br />The said part i es of the second part further agree that they will pay, when due and pay-
<br />able, all taxes and assessments which have been assessed or levied on the above described premises since
<br />the 1st day of January, A. D., 1941 , and also all such as may be hereafter assessed or levied thereon or
<br />upon the interest of said party of the first part in said premises; and also all taxes and assessments
<br />now or hereafter assessed or levied against any mortgage which may exist against said premises, or
<br />against the note or the indebtedness secured by such mortgage, or against the interest in said premises
<br />of any party holding a mortgage against said, premises during the term of t�is contract, and promise
<br />and agree that the interest of the part y of the first part and the interest of the part i.es of
<br />the second part in said real estate, and the interest of any party holding a mortgage against said real es-
<br />tate, during the term of this contract, shall be assessed`for taxation and taxed together, without separate
<br />valuation, as unincumbered real estate, and shall -be paid by the said part iee of the second part, and
<br />the said part i.es of the second part hereby waivg all rights of offsets or deductions because of the
<br />payment of any such taxes and-assessments, until' -"tihe aforesaid- purehase-moneyshall -be fully paid, in the -
<br />manner above stated.
<br />The part ies of the'second part further agree that the said part y of the first part shall
<br />'hisure and keep insured against loss or damage the building now on said premises and such as
<br />may hereafter be erected thereon during the life` of this
<br />. contract i�fn� they sum of at least
<br />•.IRYY►dYr MYi+LiMYal4iillMPRrwI R�M4YMllM�►i.M�M,��i ��i- �vf/' �lfiid+ e�Y ��/V\.7�1.iV MAi�l. �l1�.-. ��1YIiY�I[',k�MMPrYW.fl7oIlars,
<br />against loss or damage by fire, , and forty4fivee liund rest R against loss or
<br />-damage by windstorm* .
<br />"in the name of the part y
<br />of the first part as owner in fee, with clause in said policy that the said part too of the second part
<br />ha ve. a land contract interest .therein and the loss, if any,, under such insurance, shall be payable to the
<br />said part. of the first part to the extent of hi S interest and the .surplus, if any,, to the
<br />said part Tess of the second part, subject however, to the rights of mortgagees, if any, respecting such
<br />insurance; such policy or policies to be held, bysthe said party of the first part, his
<br />heirs, legal representatives or assigns, as collateral .to this contract; and the said parties - of the
<br />second part shall pay the premium on' such policy or policies when. du' e, and in cal of. the failure or
<br />neglect .of the said part ter of the second part to pay such premiums when due, said party, of
<br />the first part, n4OL heirs, legal representatives or assigns, may pay the same -and charge the
<br />cost thereof with interest thereon at the legal rate, to the said parties of the second part, and the
<br />Same shall be considered'and taken td li 44'additional part of the consideration of this contract.
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