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together with all buildings, improvements, fixtures and appurtenances, now or nerearter erected thereon, including all screen and storm
<br />doors and windows, attached mirrors, fixtures, shades, attached floor covering, hot water heater, furnace, oil tank and light fixtures
<br />which shall be a part of the real estate.
<br />The Purchaser, in consideration of the covenants and agreements herein made by the Vendor, agrees to purchase the above
<br />described premises, and to pay therefor to the Vendor at Madison, Wisconsin,
<br />the sum of Thirty-two Thousand and No/100 ($32, 000. 00) Dollars,
<br />in manner following: $ 6,200. 00 at the execution hereof, the receipt whereof is hereby acknowledged, and the balance
<br />of $ 25, 800. 00 , together with interest on such portions thereof as shall remain from time to time unpaid, at the rate
<br />of Eight . per cent per annum, until aid in full, as follows: Said principal and interest shall be payable in monthly
<br />215. 00 - month be rtnin on the 5th
<br />installments of not less than $ per beginning
<br />day of January , 19 ?5 , provided the entire purchase money and interest shall be fully paid within
<br />Ten (10) years from the date hereof.
<br />Purchaser further agrees, unless excused by Vendor, to pay monthly payments sufficient reasonably to anticipate the payment of
<br />taxes, special assessments, fire and extended coverage premiums and such other insurance premiums es Vendor may require, and Pur-
<br />chaser agrees to make such payments to the Vendor and hereby authorizes Vendor to apply the same in payment of such items.
<br />Said payments shall be applied first to interest on the unpaid balance at the rate herein specified and then to principal. A.tiy
<br />::mount may be prepaid without premium or fee upon principal at any time, and interest shall be calculated at all times on the unpaid
<br />balance on the daily rate basis at 1/360 of the annual rate.
<br />In the event of any prepayment, this contract shall not be treated as in default with respect to payment so long as the unpaid
<br />bn'. '.ce of principal, and interest (and in such case accruing interest from month to month shall be treated as unpaid principal) is less
<br />than the amount that said indebtedness would have been had the monthly payments been made as first specified above; provided that
<br />monthly payments shalt be continued in the event of credit of any proceeds of insurance or condemnation, the condemned premises
<br />being thereafter excluded herefrom.
<br />The Purchas•^r hereby states that he is satisfied with the title as shown by the abstract -title insurance commitment submitted to
<br />him for examination; the Vendor agrees to deliver the abstract -title insurance policy to the Purchaser when the full purchase price
<br />hereunder shall have been paid. The Purchaser agrees to pay the cost of later continuations of abstract -title insurance.
<br />(OR)The Vendor shall furnish the Purchaser thirty days prior to the date of ultimate closing, and the Purchaser shall accept as a
<br />sufficient showing of title, either (1) a title insurance commitment for an owner's policy of title insurance in the sum of the purchase
<br />price, the Purchaser to be named as the assured, to be written by a title insurance company, and guaranteeing the Vendor's title in
<br />the condition called for by this agreement, or (2) a merchantable abstract showing the Vendor's title in the condition called for by
<br />this agreement. If an abstract is furnished, the Purchaser shall notify the Vendor, in writing, of any objections to title within ten (10)
<br />days after receipt of such abstract, and the Vendor shall then have a reasonable time within which to rectify the title or furnish a title
<br />policy as above described. •
<br />•
<br />The Purchaser shall be entitled to take possession of said premises on October 1 , 19 74 . In case
<br />possession is to he obtained by the Vendor, he shall have a reasonable time after such date in which to remove any occupant. The
<br />Purchaser shall be entitled to remain in possession as long as he performs all covenants and agreements herein mentioned on his part
<br />to be performed and no longer.
<br />VOL _ 535 PAGE 839
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