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DOCUMENT NO. STATE BAR OF WISCONSIN-FORM 11
<br /> IT LAND CONTRACT—Individual and Corporate
<br /> �626�sG
<br /> VOL 316 PACE�93 THIS SPACE RESERVED FOR RECORDING DATA
<br /> C
<br /> TRAQT by and between
<br /> Milton r'. King and Cecile A. King (lo'pruv � couw y
<br /> .RYs write,
<br /> RECEIWD AND RECORDED
<br /> h re cel ed V ndor, whether one or more, AUG 2-31977
<br /> ana�dwa a aye ic�iar� &Donna M. AY Tr-ds O/Lc CcK_A.M„__
<br /> Fribergo s joint tenants A not as +nncommon y LIG _ PA9E
<br /> herein called Purchaser, whether one or more, &
<br /> WI"kNESSETH: That the Vendor, in consideration of the payments to be made and the
<br /> covenants and agreements by the Purchaser to be performed, as hereinafter set forth,
<br /> hereby sells and agrees to convey unto the Purchaser, upon the prompt and full perform, RETURN TO
<br /> ,1 once by the Purchaser of the covenants and agreements obfurns$this c n tact to be by the Rt.l M11tOri King
<br /> Purchaser performed, the following described real estate in WebSLe;, Wl.
<br /> County. State of Wisconsin:
<br /> Tax Key N
<br /> This is non homestead property.
<br /> Part of Gov. lot 1 , section 29, township 40 north, range 16 west,
<br /> Yown of Oakland, county of Burnett, State of Wis. . Commencing at the southeasterly
<br /> corner of certified Survey Map Volume 2 Page 173, Document number 174444, Reg. o
<br /> deeds pffice. Burnett County, Wis.
<br /> Subject to existing hiways and subject to easments & restrictions of record.
<br /> rrrrrrrrr
<br /> This land contract is given in fullment of temp. contract dated 9/4/76
<br /> ►rrrrrr
<br /> All fees as to closing or drawing contract to be paid by purchasers.
<br /> Sellar will furnish water at the rate of $ 10.00 per month for at least one season.
<br /> Purchasers agree as to the zoning ordinances in this county, (Burnett) .No,
<br /> livable trailers will be placed on lot.
<br /> Waxes for year of 1976 will be paid by sellar.
<br /> Taxes for year of 1977 will be charged to purchasers at a rate similar to other
<br /> cabins in the area. This agreed upon by all parties-.
<br /> Contract to run for at least ten (10) years from date of origional contract FE
<br /> a #77.22 2)
<br /> LX� PIT
<br /> together with all buildings, improvements, fixtures and appurtenances, now or hereafter erectedythereon, including all screen and
<br /> doors and windows, attached mirrors, fixtures, shades, attached floor covering, hot water heater, furnace, oil tank and light fixtures
<br /> which shall be a part of the real estate.
<br /> The Purchaser, in consideration of the covenants and ,agreements herein made by the Vendor, agrees to purchase the above
<br /> described premises, and to pay therefor to the Vendor at sllrh nl ace placesshe!he a- ttrrmi m e
<br /> J
<br /> thesumof $23,000 (Twenty three thongand dnllsTel Dollars,
<br /> in manner following. $ 2000 at the executionV4/1176e receipt whereof is hereby acknowledged, and the balance
<br /> of$ 21 11000 , together with interest on such portions thereof as shall remain from time to time unpaid, at the rate
<br /> of per cent per annum, until paid in full, as follows: Said principal and interest shall be payable trimonthly
<br /> installments of nrtWlrsestianrS 250.00 pemOnth beginning on the first
<br /> ��ttftfftt ��tt��tt�l *JJtf �y,s�ff,,frf,,��ff rJ�, Prtt9t�kMa•LPttlkafrHyrplasrMritllYn
<br /> day of Nov.. 197 19 r'✓�1F�WYF�ea It4l��li'i,yF'K�r'it Yuf"ii"#r aarwrarawrrrra►rts
<br /> not for at least ten Yq@x*pm"tare hwhLch time contract may be paid in full if
<br /> purchasers so desire.
<br /> Purchaser further agrees, unless excused by Vendor, to pay monthly payments sufficient reasonably to anticipate the payment of
<br /> taxes, special assessments, fire and extended coverage premiums and such other insurance premiums as Vendor may require, and Pur-
<br /> chaser agrees to make such payments to the Vendor and hereby authorizes Vendor to apply the same in payment of such items.
<br /> ,t!
<br /> Said payments shall be applied first to interest on the unpaid balance at the rate herein specified and then to principal. Any
<br /> amount may be prepaid without premium or fee upon principal at any time, and interest shall be calculated at all times on the unpaid
<br /> balance on the daily rate basis at 1/360 of the annual rate.
<br /> In the event of any prepayment, this contract shall not be treated as in default with respect to payment so long as the unpaid
<br /> balance of principal, and interest (and in such case accruing interest from month to month shall be treated as unpaid principal)is less
<br /> than the amount that said indebtedness would have been had the monthly payments been made a3first specified above; provided that
<br /> monthly payments shall be continued in the event of credit of any proceeds of insurance or condemnation, the condemned premises
<br /> being thereafter excluded herefrom. I Deed
<br /> r
<br /> ',The Purchaser hereby states that he is satisfied with the title as shown by the AA0t CIt-#i9&*AOrlt"lMnetle RTllltt+sltrMauathto
<br /> him for examination; the Vendor a&deftker l.lietdYaFabs MaC!-iaY41Ir16rRMA9p#Hp rya lP►W4ApW1lwWT*JY4`iI*IkP*4uj4(�`SfS�SR Baer�r�cer
<br /> hereunder shall have been paid. The Purchaser agrees to pay the cost.of later continuations of abstract-Ut a insurance.
<br /> (OR)The Vendor shall furnish the Purchaser thirty days prior to the date of ultimate closing, and the Purchaser shall accept as a
<br /> sufficient showing of title, either (1) a title insurance commitment for an owner's policy of title insurance in the sum of the purchase
<br /> price, the Purchaser to be named as the assured, to be.wrillen by a title insurance company, and guaranteeing the Vendor's title in
<br /> the condition called for by this agreement, or (2) a merchantable abstract showing the Vendor's title in the condition called for by
<br /> this agreement. If an abstract is furnished, the Purchaser shall notify the Vendor, in writing, of any objections to title within ten(10)
<br /> days after receipt of such abstract, and the Vendor shall then have a reasonable time within which to rectify the title or furnish a title
<br /> policy as above described.
<br /> The Purchaser shall be entitled to take possession of said premises on_date—hereof , 19—. In case
<br /> possession is to be obtained by the Vendor, he shall have a reasonable time after such date in which to remove any o<c ups nL The
<br /> Pmchascr-shall be entitled to remain in possession{ s long as he performs all covenants and agreements herein mentioned on his part
<br /> to be performed and no lunger.
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