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<br />The said Parti 0 i� of the second part further agree that he,y will pay, when due :and paya l_e, all taxes
<br />and assessments'whfeh. have been. assessed or levied on, the above described premises since the 1st day of J; rzuary, A. D„
<br />1999, and also all stieh as may be hereafter assessed or levied thereon or upon the interest o£ said party, of the first
<br />part in said premises; and also all taxes -and assessments now or hereafter assessed or levied against any, 'moitgage which
<br />may exist against said premises -or against the note or the indebtedness secured by such mortgage or against the interest
<br />in said premises 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 Vit" - of the first part and the interest of the part *,e V the second part in said
<br />real estate and the interest of -arty party holding a mortgage against said real estate during the term of this contract,
<br />shall be assessed for taxation.and taxed together, without separate valuation as unincumbered real estate and shall be
<br />paid by the said partiee-of the second'part and the said part 'J+i i t - e, second part. hereby waive all rights of offsets
<br />or deductions because of the payment of any, such taxes andassessments; until the aforesaid purchase money shall be
<br />fully paid, in the manner above. stated.
<br />The par*,8g of the second part further agree g_ that the said part y. of the first part shall insure and keep
<br />insured against loss or damage the building now on said premises and such as may hereafter be erected thereon during
<br />the life of this contract in the sum of at least Tan Thousand � �,��t�Qf���*�•��«��-�•�«�.+»�+�«•�•.�,,•,—Dallars,
<br />against loss or damage by: fire and In the sum of #6, %6 against loss or damage by
<br />--tornado or wind; vhi:ch said insurance Shall be pla6ed in Oompsnies duly
<br />lei°reused to transact .such insurance businsr�s n the state of 1716 3onsin and
<br />-whish insurance shat be effected , 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 to%f the second part ha ve a land con-
<br />tract interest therein and the loss, if any, under such insurance shall be payable to the said part y of the first part to
<br />the extent of her interest and the surplus, if any, to the said part 108A the second part, subject, however to
<br />the rights of, mortgagees, if any, respecting such insurance; such policy or policies to be held by the said part y of the
<br />first part, her heirs, legal representatives or assigns, as collateral to this contract; and the said part iesof the
<br />second part shall pay the premium on such policy or policies when due, and in case of the failure or neglect of the said
<br />parties of the second part to pay such premiums when due, said part y of the first part, her heirs, legal
<br />representatives or assigns may pay the same and charge the cost thereof with interest thereon at the legal rate, to the
<br />said part ie 8 of the second part, and the same shall be considered and taken to be an additional part of the consideration
<br />of this contract.
<br />"Thc part ieaof the second part further agree to hold the said premises from the date hereof, as the tenant
<br />by sufferance of the said part y of the first part, subject to be removed as such tenant 0 1
<br />holding, over, by process under the statute in such case made and provided, whenever default shall be made in the PPI i
<br />meat of any of the installments of purchase money, interest, taxes, assessments or insurance premium, as abm c spccilic.i;
<br />and also to keep the building , fences and improvements on said premises in as goad repair and condition as the: n,,w
<br />are, except ordimry wear and decay, and not to du any act whatsoever which tends to depreciate the value c,l said hest i ,
<br />Second, That the said part y of the first part, hereby agrees and bind herself her heirs,
<br />and admini-,trators, that in case the aforesaid sum ofSixteen `thousand (16,000)-----`—
<br />with the irttcrest and other moneys shall be fully paid and all the conditions herein pruvided shall be killv hc:himi,J
<br />at the times and in the manner above specified, she will on demand, thcrcafter cause to he cxcrutc,l nid
<br />dclivcrC1_l to the said part tee of the second part, or their, heirs or legal represcntati (,,, a (,O,,d
<br />and sufficient \l arranty Deed, ui fee simple, of the premises above describcd, free and clear of all legal liens anal incum-
<br />brances, except the taxes and assessments herein agreed to be paid by the part LIBSof the second part, and except ;:nv
<br />liens or incumbrances created by the act or default of the parties of the second part, their heirs, Ic„al rt pm c-
<br />sentatives or assigns • It is further agreed that first party will deliver to
<br />second parties an abstract to date of aontraot showing good and merchantable!'
<br />t:.tle to said premises 3n first party and that the some Is free of all liei lis,
<br />s.1'id encumbrances except. the said mortgage of Je 7,000 above mentioned.
<br />-Third, It is distinctly agreed and understood by and between the parties hereto, that if the said part lesof the
<br />second part shall fail to make any of the paymcrius of purchase money and interest above specified, at the times and in
<br />the manner abovc specified, or fail to pay the taxes and asGessments, or fail to insure and keep insured the premises herr in
<br />as above stipulated, or fail to pay any or all insurance premiums herein specified. or violate any other terms or co,ndition�
<br />herein contained, this agreement shall at the option of the said part Y of the first part be henceforth utterly void with-
<br />out any notice whatsoever, and all payments thereon forfeited, subject to be revived and renewed only 1-y the art oi'.thc
<br />party of the first part, or the mutual agreement of both parties; and whenever such default or violation shall occur,
<br />the part C ,of the second part shall have no further right to collect rents from tenants, if any, of the said mil c,u:tc,
<br />or any part thcro)f, but such r,,nt,, shall be collected by, and belong to the part y of the first part.
<br />The said parties of the second part further promise and agree that in case of the c„nii,ic:t,_ct,,rnt , I a:,
<br />action to foreclose this contract and also in case of the foreclosure thereof, they will pay, in addition
<br />to the taxable costs and expenses incurred, a reasonable sum of money as attorneys fees
<br />In Witness Whereof, the said parties hav J reunto set their hands and seals this 12 t3h day
<br />of Sept er , A. D., 19 _.
<br />SIG E D SEALED iN PRESENCE OF 1 LJ. ” (SEAL)
<br />...-'L N��...: EAL)
<br />-- • - -t. . . . . . . •-•�'--..�n�..�
<br />.....
<br />State of Wisconsin,
<br />• SS.
<br />-- •--•---......---•-••-l"fC ....................................County.
<br />tap:temb�;r2
<br />Personally came before -me, this ................h- ............ day of ....................._......._.....,.............. , A. D., 19..9.:..:.
<br />the above named
<br />B11a aePegelow aiad Ralph . astir olid 1~ ays3�eS. a t�xl
<br />
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