|
, in the'xzame of th'ev,�
<br />of the first part, as owner in fee, with a clause in said policy that the said part ' -of- the second part
<br />ha a land contract interest therein and the loss,, if any, under such' insurance, shall be payable'to the
<br />said part of the first part, to the extent of interest, and the surplus, if any, to the
<br />said part of the second part, subject, however, to the rights of mortgagees, if any, respecting such
<br />insurance; such poVoy or policies to be held by the said part ;of the first part,
<br />heirs, legal representatives or assigns, as collateral to this contract; - and the said part of the
<br />second part shall pay the premium on such policy or policies, when due; and in case of the failure or
<br />neglect of the said part of the second part to pay such premiums when due, said' part - of
<br />the first part, heirs, legal representatives or assigns, may pay the same and charge the
<br />cost thereof with interest thereon at the legal rate, to the said part of thA second part, and the
<br />sante shall be considered anhaken to be an additional part of the consideration of this contract,
<br />The part y' of the second part further agre!?9 to hold -the said premises from the date hereof, as
<br />the tenant by sufferance of the said party of the first part, subject to be removed as
<br />tenant , ,holding over, by process under tthe 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 specified; and also to keep they 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.
<br />Second. That the said part y of the first part, hereby agree and bind S
<br />heirs, executors and administrators, that in case the aforesaid sum of E:.ght $Undyed ( 800) Dollars,
<br />with the interest and other moneys, shall be fully paid, ,and all the conditions herein provided shall be
<br />fully performed at the times and in the manner above specified, he will, on demand, thereafter
<br />cause to be executed and delivered to the said -party of the second part, or hi heirs
<br />or legal representatives, a good and sufficient Warranty Deed, in fee simple, of the premises above de-
<br />scribed, free and clear of all legal liens and incumbrances, except the taxes and assessments herein agreed
<br />to be paid by the party of the second part and except any liens or incumbrances created by the act
<br />or default of the party of the second part, W3 heirs,
<br />legal representatives or assigns.
<br />Third. It is distinctly agreed and understood by and between the parties hereto, that if the said
<br />par} y of the second part shall fail to make any of the payments of purchase money and interest
<br />herein specified, at the times and in the manner herein specified, or fail to pay the taxes and assessments,
<br />or fail to pay any or all of the insurance premiums as herein stipulated, or violate any other terms or
<br />conditions herein contained, then this agreement shall, at the option of the said party of the first
<br />part be henceforth utterly void, without any notice whatsoever, and all payments thereon forfeited, sub-
<br />ject to be revived and renewed only by the act of the part y of the first part, or the mutual agree-
<br />ment of Both parties, and whenever such default or violation, shalloccur, the party of the second
<br />part shall have no further right to collect rents from tenants, if any, of the said real estate, or any part
<br />thereof, but such rents shall be collected by and belong to the party of the first part.
<br />Thr, said party of the second part, further promiseBand agrees that in case of the commence -
<br />w• it of ,?ri action to foreclose this contract, and also in case of the foreclosure thereof he
<br />will pay, in ? ddit;on to the taxable costs and expenses incurred, a reasonable sum of money as attorney's
<br />fe"s e
<br />In fitter t�lflfren�,
<br />of
<br />Signed and Sealed in Presence of
<br />!,r , tid parties have hereunto set their hands and seals tBi.ti
<br />, A. D., rg S,'5,
<br />41'e,
<br />�t�oconon
<br />County. 1
<br />Personally came before me,, this
<br />the above named Lt
<br />X' ' day
<br />(Seal)
<br />(S:^•tl)
<br />_.. -.. (Seal)
<br />day oof 4x�-
<br />r M
<br />to me known to be the person $ who exerted the foregoing ins
<br />- (Seal)
<br />, A. D., rg Y -3.
<br />the same.
<br />.`��:•"''���.,,::,,,r� Notary Public .........._..... ..........- ...W... °......._ County, Wis.
<br />,. �,...
<br />DEC 2 9 1933
<br />My Commission expires.. _..... .....�^ !�....�1. D., xg.,�_.......
<br />.Atc1,10
<br />
|