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VOL Z11 ME 00
<br />nae said part ies of the second part further agrge t a fie wilf pay, when due and payable, all taxes
<br />and assessments whichhave been assessed or levied on the'above described premises since the 1st day of January, A. D.,
<br />19 34 and also all such as may be hereafter assessed or' levied -thereon or upon the interest of said part ies of the first
<br />part in said premises; and also all taxes and assessments new -or hereafter assessed or levied against any mortgage which
<br />may exist against said premises or against the note or- tho indebtedness secured by such mortgage or against the interest
<br />in said premises of any party holding a rnortgagp-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 the second -part in said
<br />real estate and. the interest of any party holding a mortiage 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 part ies of the second part and the said part ies of the second part hereby waive all rights of offsets
<br />or deductions because of the payment of any such taxesi and assessments, until the aforesaid purchase money shall be
<br />fully paid, in the manner above stated
<br />The parties of the second part further agree that the said part ies 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 Twelve Thousand. ( 12,000,00) ----------------- Dollars,
<br />against toss or damage by fire, and at Least Ten Thousandd, 010,000,00) Dollars, against loss_
<br />Qr damage by tornado, _
<br />in the name of the parties_
<br />of the first part as owner in fee, with clause in said policy that the said part ies of the second part have a land con-
<br />tract interest therein and the loss, if any, under such insurance shall be payable to the said part ies of the first part to
<br />the extent of their interest and the surplus, if any, -to the said part ies.of 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 ies of the
<br />first part, their heirs, legal representatives or assigns, as collateral to this contract; and the said part ies c,f the
<br />second part shall pay the premium on such policy or policies when due, and in case of the failure or ncglcct of the said
<br />part ies of the second part to pay such premiums when due, said parties of the first part, tile Lr licirs, legal
<br />representatives or assigns may pay the same and charge the cost thereof with interest thereon at the Ict_ai rate, til the
<br />said part ies of the second part, and the same shall be considered and taken to be an additional part of ti it: corisicicration
<br />of this contract.
<br />"I'lhc part ios of the second part further agree to hold the said premises from the date hmcof, iv, thk ten lilt
<br />by sufferance of the said part ies of the first part, subject to be removed as t:>eir tenant ,
<br />holding over, by process under the statute in such case made and provided, whenever default Sit;.;ll be .it.,dc initl,.
<br />ment of any of the installments of purchase money, interest, taxes, assessments or insurance hru»iuns a" ;l!„A; `.I`. _ Iii
<br />and al,r, to keep the building , fences and improvements on said premises in as good repair and Londiti T, :1, t!,,
<br />arc, except ordihary wear and decay, and not to do any act whatsoever which tends to depreciate the % <tluc c,i ..,, J r-; 111 ,.
<br />Second, That the said part los of the first part, hereby agree and bind t.. j Lr
<br />and administrators, that in case the aforesaid sum of dixt3e Thouo-;nd -----------!
<br />with the interest and other moneys shall be fully paid and all the conditions herein provided Shull inc luil,% p,, r;
<br />at the times and in the manner above specified, tne;; will on demand, thcrcaftcl cau',c t1) I,, c\1_1 .,t..!
<br />delivered to the said part ies of the second part, or tiln Lr heirs nr Ic;,al rci lc •cnt:ut•. •.. t;
<br />and suffu ient Warranty Deed, to fee simple, of the premises above Jescrihed, free and clear o! all
<br />branccs, cxccpt the taxes and assessments herein agreed to be paid by the partite: of the �,rc�md mart. ; ml : ,. ;�t
<br />liens or incumbrances created by the act or default of the parties of the second part, t: a Lr
<br />scntativcs or assigns , ?' Lrs t 1,nrties to f,trn: o:l ..,bs tr.,c t : i. n?li ,
<br />Third, It is distinctly agreed and understood by and between the parties hereto, that if the said ;curt (d the
<br />second part shall fail to make any. f the pqyments p trchase m ne and interest above specified, at the tial
<br />the manner above specified, �i 'ply the Sh� aM� a ses Ni---Sg1CS Rif] rns°ure and keep insured the
<br />as above stipulated, or fail to pay any or all insurance premiums herein specified, or violate any other tcrni., or c,)m_ilti,,n-.
<br />herein contained, this anreement shall at the option of the said partia3 of the first part be hcnceforth tatcrl.. \ ,,iJ wit h-
<br />oot any notice whatsoever, and all payments thereon forfeited, subject to be revived and renewed on!; t 'v tl;c ;L t . f t!1�
<br />pert ias of the first part, or the mutual agreement of both parties; and whenever such default or violati ;n S! ,lll r.u.
<br />the part i es of the second part shall have no further right to collect rents from tenants, if any, of tic :lid rc;;l v:lt
<br />or any part thereof, but such rents shall be collected by, and belong to the part ies of the first part.
<br />The said part ios of the second part further promise and agree that in case of the t onmunccn nt 1'.::
<br />action to foreclose this contract and also in case of the foreclosure thereof, tl 71 will pa`, in addl,u.n
<br />to the taxable costs and expenses incurred, a reasonable sum of money as attorney's fees
<br />of
<br />In Witness Whereof, the said parties have hereunto set their hands nd seal- this
<br />lrarch A. D., 19 ,30.,.
<br />�jGNED AND SEALED IN PRESENCE OF l _---...�. ....... ......Y... n..._
<br />State of Wisconsin,
<br />ss.
<br />-........._ Dani:..............................
<br />County.
<br />..
<br />Personally came before me, this ----------- Y_jt f ....... day of.....
<br />day
<br />(SEAL.)
<br />- (SEAL)
<br />................. liaxciL........................ -, A. D., J19.3J..
<br />.rti. IiYrtA�
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