|
VOL
<br />party, of the f it st
<br />tvelf the . 5 12) of
<br />levied: on, -the prem
<br />part= :agrees to pay, when, due and payable, five—
<br />a71, which axe assessed or
<br />ses hereinafter described for the year 1929,,
<br />z iaddg xiac cx$i x x
<br />excepting, however, any special
<br />s whichmiy be assessed' or levied after June 1# 1929*
<br />Second pa+sties assume and agree to. pay the unpaid taxes for the improvement Of
<br />Springhaven Avenue, vhich are due and payable after the year 1959.
<br />The said payments to be made to the party of the first part, at The Joseph M.Boyd Company.hadi son,
<br />Vi sconsin
<br />and the same being intended to apply, when fully completes, as .the purchase money for the following
<br />tract, piece or parcel of land, situated in the County of Barie and State of Wisconsin, to -wit:
<br />All of hot one (1) Block One (1) Shore Acres, Town of Blooming Grove, according to the
<br />recorded plat thereof, excepting the following; Beginning at a point on the Easterly
<br />(Ely) side of Springhaven Avenue which point is one Hundred Twenty (1204) feet North
<br />(N) of the Southwest (ST) corner of said lot One (1), thence Easterly (ELy) parallel
<br />with the Southerly (Sly) .line of said lot to a point Sixty-six (664) feet truest (IV) of
<br />the East (E) line of said lot, thence North (N) parallel to the East (E) line of said
<br />lot to the South (S) line of Springhaven Avenue, thence 4esterly (vay) and Southerly
<br />(Sly) along the Southerly (Sly) and Easterly (Ely) line of Springhaven Avenue to the
<br />place of beginning.
<br />This contract is given subject to the following restrictions:
<br />First: '.hat for a period of twenty—five (25) years from September 8, 1911, the porch or
<br />other line of structure erected on these preu,ises shall not be nearer than twenty (20)
<br />feet to any street abutting on these pre::.ises.
<br />Second.:. That during said period of twenty—five (25) years no outbuildings of any. kind
<br />shall be erected on these premises more than one story in height.
<br />Third; That these premises shall not be sold, leased or conveyed to persons of
<br />African blood for a period of twenty—five (25) years from date thereoT.
<br />The said part 1,@L3 of the second part further agree that they will pay, when due and
<br />payable, all taxes and assessments which have been assessed or levied on the above described premises
<br />since the rst day of January, A. D., rg 29 , and also all such as may be hereafter assessed or levied thereon,
<br />or upon the interest of said party 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 party of the first part and the,interest of the part ies of the
<br />second part in said real estate, and the interest of any party holding a mortgage against said real estate
<br />during the term of this contract, shall be assessed for taxation and taxed together, without separate val-
<br />uation, as unencumbered real estate, and shall be paid by the said part i es of the second part, and the
<br />said parties of the second part hereby waive all rights of offsets or deductions because of the pay-
<br />ment of any such taxes and assessments, until the aforesaid purchase money shall be fully paid, in the
<br />manner above stated.
<br />The part ies of the second part further agree that the said party of the first part shall insure and
<br />keep insured against loss or damage the building now on said premises, and such as may hereafter be
<br />erected thereon, during the life of this contract, in the sum of at least Dollars,
<br />against loss or damage by fire
<br />in the name of the party
<br />of the first part, as owner in fee, with clause in said policy that the said part ies of the second part have
<br />a land contract interest therein and the loss, if any, under such insurance shall be payable to the said party
<br />of the first part to the extent of its interest, and the surplus, if any, to the said parties of the second
<br />part, .subject however, to the rights of mortgagees, if any, respecting such insurance, such policy or
<br />policies to be held by the said party of the first part, its successors, representatives or assigns, as collat-
<br />eral to this conte act; and the said parties of the second part shall pay the premium on such policy or
<br />policies when due, and in case of the failure or neglect of the said part ies of the second part to pay
<br />such premiums when due, said party of the first part, its successors, representatives or assigns, may pay
<br />the sameand charge the cost thereof, with interest thereon at the legal rate, to the said part ies of
<br />the second part, and the same shall be considered and taken to be an additional part of the consideration
<br />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 party of the first part, subject to be removed as its tenant
<br />holding over, by process under the statute in such case made and provided, whenever default
<br />shall be made in the :payment of any of the installments of purchase money, interest, taxes, assessments or
<br />insurance premiums, as above specified; and, also to keep the building , fences and improvements on said
<br />premises in as good repair and condition a� they now are, except ordinary wear and decay; and riot to do
<br />any act whatsoever, which tends to depreciate the value of said premises,
<br />Second, That the said party of the Arst part,, hereby aees and hinds itself its successor resenta-
<br />.tives and assigns, that in case the gr
<br />aforesaid sum"of Two ousand rivd Hundred and no7I MP-?ollars,
<br />with the interest and other moneys sha I be fully paid and all the conditions herein. provided shall. be fully
<br />performed at the times and rn the manner above specified} it will; on demand, thereafter cause to be exec-
<br />uted and delivered. to the said part of the second part,.oi Chia r heirs -or legal represeratatives;.
<br />a good and sufficient Warranty Deed,: g fee- `simple; of the .,premises'.:aiiove d.'escs±ibed, free and clear .o ali
<br />,legal Herds and incumbrances; excepf the taxes and assessments -herein agreed
<br />to be paid by the partied
<br />of the second•part, an4-except any l enstand incumbrances created by the act or default of'thepart .ies,
<br />of the second, part, tl�i� heirs, legal representatives oar _assigns
<br />
|