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C <br /> State Bar of Wisconsin Form 11-2003 <br /> LAND CONTRACT <br /> (TO BE USED FOR NON-CONSUMER ACT TRANSACTIONS) 3 g 2 69 1 <br /> Document Number Document Name <br /> CONTRACT, by and betw�en Michael A.Carson RWMCONM <br /> AND FIECOM <br /> ("Vendor,"whether one or ore),and Gerald W.O¢lesby and Diane I..Oglesby APR - 7 2006 <br /> husband and wife as survivorship marital—properly <br /> ("Purchaser,"whether one or more). T 12.15 P.M. <br /> Vendor sells and agrees to convey to Purchaser, upon the prompt and full EEE08 <br /> performance of this Contracl by Purchaser,the following real estate,together <br /> with the rents,profits,fixtures and other appurtenant interests("Property"), in Recording Area <br /> Burnett <br /> County,State of Wisconsin: Nam kAWTOK <br /> !Uutrn�y•tr 1,,•tw <br /> The W 'h of the E%of the SW Y..,Section 12,To nship 40 North,of Range 14 .0�a''r' r D r). 5L-,r <br /> ,Wisco <br /> Y � !'F <br /> West, Burnett Count Wisconsin ;,.r•,tr tiv 5 <br /> —; I,f,4t�7� �1ii•^^��iiPL"1'4Z)��(';: <br /> 028-4112-02 700 and 0284112-03 <br /> TRMSFER Parcel Identification Number(PIN) <br /> S 300• This Is not homestead property. <br /> 019(is not) <br /> This Is a purchase money mortgage. <br /> (is)(t179761t) <br /> Purchaser agrees to purchase khe 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) $20,000.00 at the execution of this Contract; and <br /> (b) the balance of$ 0,000.00 together with interest from the date hereof on the balance <br /> outstanding fro time to time at the rate of S %per annum until paid in full as follows: <br /> Annual payments in the amount of 520,000.00 plus interest shall be due on January 3 of each year for a period of four <br /> years when said land cc ntract 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 outstandinbalance <br /> shall be paid in full on or before January 3,2010 ("Maturity <br /> Date"). payments shall be app ied first to interest on the unpaid balance at the rate specified and then to principal. <br /> CHOOSE ONE OF THE F LLOWING OPTIONS• IF NO OPTION IS CHOSEN OPTION A SHALL APPLY: <br /> ® A. Any amount maybe prepaid without premium or fee upon principal at anytime. <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 I-Page I <br />