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No. Z•6---g-216.. Lail Chatraet Without Insurance (eT,ifrE OF WISCONSIN)
<br />Clause —(Sec. 516,16, Wis. Statutes.) For Ns,, I
<br />63850
<br />VOL 150 PAGE36�t
<br />rY61(IM.d ky Ear C &Irs 6,* & C..
<br />' biz Article of Agreetttent
<br />Made and concluded' this 8th - • day of November
<br />by and between David A. Hinrichs, a widower,
<br />and Warren G. Bass
<br />part y of the second part.
<br />fitttess"etij, First, That the said part y of the second part hereby agree and bind S
<br />legal representatives, to pay, or cause to be paid to the said part of the first part,
<br />heirs and assigns, the sum of Two Hundred (0200.00) Dollars,
<br />in the manner following: Fifty (450'.00) 1 jars
<br />at the ensealing and delivery hereof: the balance of One Hundred 'i.fty (150 .tu 1 '
<br />Dollars to be paid on or before March 1, 1941; together with interest
<br />on said balance at the. rate of Four (4 %) per' cent after November 1, 194
<br />to be paid on said March 1, 1941.
<br />,A.D.,19`0
<br />part y of the first part,
<br />The said payments to be made to the part y of the first part, at Madison, Wis co ns in
<br />and the same being intended to apply, when fully completed, as the purchase money for the following
<br />tract, piece or parcel of land, situated in the County of Dane and /State of Wisconsin, to -wit:
<br />Lot Six (6) , Block Five (5) , Elmhu.2'st, Village of Monona,
<br />according to the recorded plat thereof.
<br />This agreement is made subject to the following restrictions;
<br />FIRST; The line of any building, or, any part thereof, erected on these
<br />premises, except in the case of business places, shall not be nearer to the
<br />street than the building line indicated on the recorded plat;
<br />SECOND; No residence or place of business shall be erected without a su
<br />stantial foundation nor at a cost of less than $3500 Dollars.
<br />THIRD: No lot or any building thereon shall be sold or leased to any
<br />negro negress, or Italian;
<br />FOURTH; No business place shall be .erected except on Lots One (1), Two
<br />(2), Three (3), Four (4), Five (5) and Six (6) in Block One (1);
<br />All the restrictions as above set forth shall continue until July 1, 19
<br />and shall continue automatically thereafter until the owners of the majorit
<br />the net acreage of Elmhurst shall at any time after said date execute and.
<br />acknowledge an agreement or agreements in writing releasing Elmhurst or any
<br />part thereof from any or all of the above restrictions, and file the same fo
<br />record in the Office of the Register of Deeds for Dane County, Wisconsin.
<br />termination of any of the above restrictions in the mariner` provided shall i
<br />no wise alter restrictions not- so terrminated -- '
<br />It is hereby made an express condition hereof that any owner of land i
<br />Elmhurst or any resident of Elmhurst shall be a proper person to do or cause
<br />to be done, anything necessary and proper to enforce any or all of the above
<br />restrictions.
<br />The said part y of the second part further agree Sthat he will pay, when due and pay-
<br />able, all taxes and assessments which have been assessed or levied on the above .described premises since
<br />the first day of January, A. D., 19 40' , and also all such as may be hereafter assessed or levied thereon, or
<br />upon the interest of said part y 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 S
<br />and agrees that the interest of the part y - of the first part, and the interest of the part y of
<br />the second part in said real estate, and the interest of any party holding a mortgage against said real
<br />estate, during the term of this contract, shall be assessed for taxation and taxed together, without separate
<br />valuation, as-unincumbered real estate, and shall be paid by the said part y of the second part, and
<br />the said part y of the second part hereby waive 8 all rights of offsets or deductions because of the
<br />payment of any such taxes and assessments, until the aforesaid purchase money shall be fully paid, in the
<br />manner above - stated,
<br />6,
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