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The said payments to be made to the part ies of the first part, at YAdiaon, Wiscona�M ?'"i
<br />s
<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 Done and State of Wisconsin, to -wit:
<br />Lot TMITY-0M (21) , Block 017W (1) , NOME GAhDIVS ,
<br />in the City of Nadi son, accordii,4,; to the recorded
<br />plat thereof.
<br />subject, however, to the following reservations and restrictions which are intended for the mutual benefit and advantage of all
<br />the lots in said plat and which shall run with the land, to -wit:
<br />1. The line of any building or any part thereof erected on these premises shall not be nearer to the street line than
<br />twenty feet.
<br />2. No part of the main building erected on any lot shall be nearer to the side lot line than six feet.
<br />3. No building erected elsewhere shall be moved on to any lot in the plat.
<br />4. No building to be used as a residence shall be erected on any lot unless the actual cost of said building be not less
<br />than $3,000.
<br />5. For a period of two years after July 15, 1928, the grantor reserves the right to construct a sidewalk along the front-
<br />age of any or all lots in the plat, if in his discretion it is advisable, the actual cost thereof to be repaid to him by the then
<br />owner of the lot or lots within 6 months from the date of completion, with interest at 61A. For this purpose the vendee in a
<br />contract of purchase shall be deemed an owner.
<br />6. None of the lots shall be conveyed to, used, owned, or occupied by negroes as owners or tenants.
<br />7. For a period of five years from July 15, 1928, no building shall be erected on any lot until the exterior plans thereof
<br />have been approved in writing by the Building Commissioner of the City of Madison, or, on his failure to act on such plans,
<br />then by the grantor herein or any licensed architect of the city of Madison.
<br />8. There is hereby reserved to the grantor the right on his part and on the part of any present or future owner of any
<br />lot, and in common with other owners, to perpetually use that part of the plat designated as Pole Line Service Strip, such
<br />designation being by lines "X" for the purpose of installing, repairing, renewing, extending and maintaining thereon poles,
<br />wires, pipes, conduits and other construction, and accessories for light, power, telegraph and telephone purposes.
<br />The said part ies 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 zst day of January, A. D., zg 29 , and also all such as may be hereafter assessed or levied thereon, or
<br />upon the interest of said part ies 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 this contract, and promise
<br />and agree that the interest of the part ies of the first part, and the interest of the part ies 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 ies of the second part, and
<br />the said part ies of the second part hereby waive all rights of offsets or deductions because of the
<br />payment of any such taxes and assessments, until the aforesaid purchase money shall be fully paid, in the
<br />manner above stated.
<br />The parties of the second part further agree that the said part ies of the first part shall in-
<br />sure and keep insured against loss or damage the building now on said premises and such as may here-
<br />after be erected thereon during the life of this contract in the sum of at least Five Thousand ('%,000)
<br />Dollars,
<br />against loss or damage by fire , and Twen. ty —f iv e Hund re d (y 2500 ) agains t to ss or damaf,,e by.
<br />-tornado, .
<br />, in the name of the part ie a
<br />of the first part as owner in fee, with clause in said policy that the said parties of the second part ha ve
<br />a land contract interest therein and the loss, if any, under such insurance shall be payable to, the said
<br />part ies of the first part to the extent of their interest and the surplus, if any, to the said
<br />part ies of the second part, subject however to the rights of mortgages, if any, respecting such in- -
<br />surance; such policy or policies to be held by the said part ies,of the first part, their heirs, legal
<br />representatives or assigns, as collateral to this contract; and the sid parties of the second part shall
<br />pay the premium on such policy or policies when due, and in case of the failure or neglect of the said
<br />part ies of the second part to pay such premiums when due, said part iea of the first part,
<br />heirs, legal representatives or assigns may pay the same and charge the cost thereof with interest thereon
<br />at the legal rate, to the said part ies of the second part, and the same shall be considered and taken to,
<br />be an additional part of the consideration of this contract.
<br />The part ies of the second part further agree to hold the said premises from the date hereof, as
<br />the tenant by sufferance of the said part . of the first part, subject to be removed as their
<br />tenant , holding over, by process under the statute in such case made and provided, when-
<br />ever default shall be made in the payment of any of the installments of purchase money, interest, taxes,
<br />assessments or insurance Premiums as above s•Pecified: and also to.keen the building . fences and im-
<br />provements on -said premises in as good repair and condition as they, now are, except ordinary wear and
<br />decay, and not to do any act whatsoever which tends to depreciate the value of said premises. their
<br />Second, That the said part ies of the first part, hereby .agree and bind themselveEVeirs, exec-
<br />utors and administrators, that, in case the aforesaid sum of Sixty five Hundred (W"6500) 'Dollars
<br />with the interest and other moneys shall be fully paid and all the conditions herein provided shall be fully
<br />performed at the times and in the manner above specified, they will, on demand thereafter cause
<br />to be executed and delivered to the said part iea of the second part, or their heirs or legal rep-
<br />resentatives, a good and sufficient Warranty Deed, in fee simple, of the promises .above described, free
<br />and clear of all legal liens and incumbrances, except the taxes and assessments herein agreed to be paid by
<br />the part ies of the second part and except any liens or incumbrances created by the act or default of
<br />the part ies of the second part, the ix heirs, legal representatives or assigns ,; and to furnish
<br />.with the deed an up—to—date abstra.et of title showing the property to be free of a1:1
<br />. liens and encumbrances except as to act or oml6si6ne of said sei wnd parties,-----;
<br />. Third, It is distinctly agreed and understood by and between the parties hereto, that if the said
<br />part i@ss, of the second part shall fail to. piake any -of ae payments of purchase rhozzep land"interest
<br />above specified, at the times and in the manner above spech bd, or fail' to pay the taxes and assessments,
<br />or fail to'insure and keep insuf-ed the premises herein as above stipulated, or fail to'.,pa�r• any dr 'all i4
<br />surance premivans herein specified, or violate ahy other;terms or conditions herein oontazned, this agree-
<br />ment shall at the option of the said part iesof the first part be hencelaith utterly void without any
<br />notice whatsoever, and all payments thereon forfeited, subject to be revived and renewed only by the act
<br />of the part ie,
<br />e of the first ,part, or the mutual agreement of both parties; and whenever such default
<br />or violation shall 'occur, the part ies of the second part shall have no further right to collect rents
<br />from tenants, if any, of the said rear estate, or any part thereof, but such rerifa'shall be collected by, and
<br />belong to the part ie:s of the first' part.
<br />The said part le -0 of the .second part, further promise and agree that in case of the cnrbence-
<br />ment of an action to forclose this contract; and -also in case of the foreclosure thereof
<br />will pay, in addition to the taxable costa and'eipenses incurred, a reasonable sum of money as at
<br />fees
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