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State Bar of Wisconsin Form 11-2003 <br /> LAND CONTRACT <br /> (TO BF,USED FOR NON-CONSUMER ACT TRANSACTIONS) 382691 <br /> Document Number Document Name <br /> BWOET(COLWY <br /> CONTRACT,by and between Michael A Carson vVecom <br /> RECENED AND RECORDED <br /> ("Vendor,"whether one or more), and Gerald W.Oglesby and Diane L.Oglesby, APR - 7 20 <br /> husband and wife as survivor'phip marital property <br /> T <br /> ("Purchaser,"whether one of more). <br /> Vendor sells and agrees to convey to Purchaser, upon the prompt and full <br /> performance of this Contract by Purchaser,the following real estate,together <br /> with the rents, profits,fixtures and other appurtenant interests("Property"), in Recording Area <br /> Burnett County, State of Wisconsin: Name • - • • UWTO <br /> ."Iwnry V Or* <br /> The W%of the E'%of the SW Y4,Section 12,To nship 40 North,of Range 14 ry1 tea'�° • O s). fL,y '1 f <br /> West,Burnett County,Wisconsin tlt f� W. 'd <br /> i <br /> 028-4112-02 700 and 028-4112-03 <br /> TRANSFER? Parcel Identification Number(PIN) <br /> ,t 300.00 This is not homestead property. <br /> "071r 019(is not) <br /> This is a purchase money mortgage. <br /> (is)(IV"" <br /> Purchaser agrees to purchase the Property and to pay to Vendor at such place as <br /> designated <br /> the sum of$100,000.00 in the following manner: <br /> (a) $20,000.00 { at the execution of this Contract;and <br /> (b) the balance of 80,000.00 ,together with interest from the date hereof on the balance <br /> outstanding frt:m time to time at the rate of S %per annum until paid in full as follows: <br /> Annual payments inhe amount of 520,000.00 plus interest shall be due on January 3 of each year for a period or four <br /> years when said land ontract shall be paid in full. The first annual payment of$20,000.00 plus interest shall be due <br /> and payable on January 3,2007. <br /> provided the entire outstanding balance shall be paid in full on or before January 3,2010 ("Maturity <br /> Date"). Payments shall be aplied first to interest on the unpaid balance at the rate specified and then to principal. <br /> CHOOSE ONE OF THE kOLLOWING OPTIONS: IF NO OPTION IS CHOSEN,OPTION A SHALL APPLY: <br /> ® A. Any amount may be prepaid without premium or fee upon principal at any time. <br /> ❑ B. Any amount may be prepaid without premium or fee upon principal at any time after <br /> ❑ C. There may be no prepayment of principal without written permission of Vendor. <br /> State Bar Form I 1-Page I <br />