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STATE OF WISCONSIN
<br />LAND CONTRACT—Insurunee Clause rOX€ii'X Wo. 33A
<br />89 PAGE
<br />H. HIECECKEh COMPAhY,'MPO. "ATIONEKB. MIIWAUKEH
<br />Made and concluded this,
<br />r r day ofdp etTiber , A. D., 19_
<br />by and between Ells. viae Fegel Ow . of the Town of Madson, Dane 0ounty, Via -
<br />part
<br />lia-party of the first part,
<br />arfd R.alpb: E. Larson and mayste 8e Lars u of Vhcity of Madison,
<br />Date -
<br />GoUntr; Wisconsin I part J,G.$ of the second part.
<br />Witnesseth, First, That the said part qt of the second part heroi y agree and bind thftsel-VOS
<br />-their legal representatives, to pay, or cause to be paid, td the said arty'- of the first part, her heirs
<br />or assigns, the sum of Sijteen Thousand�(a x,.000) ".�..:""".'..»"`..----"""------ Dollars,
<br />in the manner following: ,.One Thousand Olio 7Q�-P---•-..--..---_.M.."----"""'------,.-Dollars,
<br />at the ensealing and delivery hereof: And the bal.anOe 6f' ,sai puroha.s6 price in the out -
<br />of Fifteen Thousand ($16,000) Dollars shall b paid as follows.- Oran,teoe..
<br />he -04 n proms se and agree to assume and pay th.. t o6rtain -mortgage of Seven,
<br />Thousand 07,000) Dollars no*- q firs -t lien upon said prsm� see
<br />together, pit .
<br />all �:ntt;reet acsor thereon From and _ afterts ber �19a;3 and the balance
<br />of ,purchase `price. `tt-� W'the. suer of$8480,p. sh°i11. be paid as fall Qua;,
<br />c� ,antee,0 promise and- agree to pay the stet; of ,100 a month oommenoirig lovem.
<br />Ver 1-sts 1929 and monthly thereafter until. tho balanoo of said purchase pri,
<br />is. paid; granteeO havinf; the tight to, pay in dee§� tit, 100 per mouth upo n
<br />said. purchase prion, if they so desire. it biding kgr'eed and understood
<br />that the said zkonthl.Y payments of $100 or -,more as and when made, shall be
<br />applied first in payment of the. -interest accr+tii.ng under this contra:ot, whl
<br />said intorest ship l be payable • sews-enr�t�ally, at the rate of siz (64, ) per
<br />oen pe , 4'nuw, and after the payment of into -rest the balance off' said rfionth
<br />payments shall be applied: as payments upon the said principal. sura under the, ,r
<br />contract.
<br />'i
<br />The said payments to be made to the part' of the first part, at the First Nationa'? Bank, - l
<br />-Madison., son, Wi soonsin -
<br />and the same being intended to apply, when fully completed as the purchase money for the following tract, piece or parcel
<br />of land, situated in the County of Dane -and State of Wisconsin, to -wit: i
<br />i
<br />Lot One Hundred Twelve (112) Second Addition to
<br />Shorewood, Town of Madison, now Village of Shore-
<br />wood Hills, Dane County, Wisconsin.
<br />Provided however, that this deed of conveyance shall be subject to the
<br />reservations and restrictions hereinafter stated, which said reservations
<br />and restrictions are to be construed as covenants running with the lands to-wi.t®
<br />1. None of said lots shall be conveyed to, used, owned or occupied by
<br />negroes as owner or tenant.
<br />2. For a period of twenty-five years From October 1, 1921 first party shall
<br />have the right to require plans for the exterior design of any building or
<br />structure to be erected upon any lot in said plat to be first submitted to, and
<br />approved by an expert acceptable to eagles Heil ins Lard Cofq. any.
<br />3. That for said period oftwentyM-five years no building on any lot in said
<br />plat shah.,be used for other than residenoe purposes without written consent
<br />of the Zagl.e' Heights Land 'J%':,l,a ny.
<br />4. That for said period .of twenty-� Ive years no building previously erected
<br />elsewhere shall, be mdved upon 'aiy lot; in said plat.
<br />5. That for said"period of •tw6nty- five years no fore than one dwelling house
<br />shall. be constructed on' any l6t ;.in said plat without the written consent of
<br />the Eagl . Hejc rhts Lard Company.
<br />6. During said twenty-fIV6 year period It is agreed that no wind mill be
<br />gQnstruoted• upon said.- loth- or, .-any. -lot An said plat and that- -no barn or out-
<br />house or garage shall be oonstruc+ted upon said plat or-ajr%o
<br />lot in the plat
<br />without written consent of the nzlO 366 g xto �`.`�and� ar1its necessity and
<br />location.
<br />7. That the dwelling house to be erected upon said lot shall be erected upon
<br />substantially the site indicated for the safe upon the map of said First and
<br />Secaond additions to Shorewood prepared by 0. 0. Simonds and 0-omp y..
<br />Second; It is further understood and iagreed that the Zaglq Heights sand,
<br />0omp, P --,W ll not Later than September 1. 1;926 loonstruct on the street in front
<br />this lot (evergreen Drt) a road of oor0rete or macadam with tarvi.a
<br />filler,, of a m mum width. of twelve (12) iieetp this road to be paved'at the
<br />expense of the Vile i , is t,a-td, ,Pompany,.
<br />It Is further unda" rst-oo& and a:geeedhat the owner of this lot has a
<br />right of wa)r to the lake on Outlots Two (2 and `three (3) inShorewao-&;, thelocati. on of said r'igh, � of wsy to be dosign i ted by �Da��p -fie ilii hsY'La sd pe#44y.
<br />It 'being understood and agreed that grantees shall, have possession of
<br />said premises on or beffre October 1 1,,92,E and that tapes for the year 1029
<br />shall be Pro rated as"'of aotobar �Aet 192911betweonthe parties hereto.
<br />All uTipai.d sums under this contra.ot o draw interest at the rate of
<br />six (6° ); per oAnt per ansnt m' payable semina aual.ly on and after Ootebe , ls:t;-o
<br />199.
<br />It is further a ee,4 that gran:t6gs s all pad the . interest upon said
<br />mortgage U7,0(00 to; potobev late 19 9 and haat the i:ns anoe Premiums
<br />par% pal c.i:e new i.n orae upon said mi e°s shad: be -para -e+d between.
<br />the -patties lis of Qotobex, 10,4 IW,ck _ '
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