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/JfJ* IMPROVEMENT'CONTRACT.—(Minnesota.) .in the Tliis Agreement!, made^ J^ttc^^/^z...., aarof.. yeartss... , between SOUTH MINNESOTA. LAND. CO,LU.^^^^ of the firstVart, arid T^r/?<?^^rti^a2^«&^ of the second part, WITNESSETH-: That in consideration of the stipulations herein contained^and*the payments to be made as is herein specified, the first parly hereby agrees to sell to the second pm-ty ilm - —-u-— - */:ot Section -7.^777.. ...in.Township <7-7Z.Z~y . 'North, of Range..toT-..'. West uf the fifth Principal Meridian, containing, according to the United States survey, <Sr??r^??fo£g-. :£<77lGi/7.....7^T^~- acres, be the same more or less, for the sum oi ....(Ze^^frrrriZT/tyy. 7y7^^*rrr^t^c-^yyL<<^^77>.(. <7&-z£yj _^-——__-_—--v___ ..ii which said second party has paid the sum of... Oil-i=i<—<^. —7z-^-*—t—*^y7t-r<—^7_j 7 ^ ^~~^/. rrr^rr on account of principal. And the said .second party, in consideration of the premises, hereby agrees to pay lo said first party, at the office uf Close Bros. & Coat Chicago, 111., the following sums of principal and interest, at the several times named below: Dollars, Dollars, But said second party shall have the right to make payments on affcount of principal, in stuns of one hundred dollars, or any multiple i hereof, with interest accrued on same at eight per cent, to date of payment, which said payment of principal and interest shall be received by said first party at any time. It is mutually understood and agreed that the above premises are \Md to^said second party for improvement and cultivation, and said second party further agrees and obligates.r^*r*-rw<-<^^-rfc-<J^ V ZZ^t^gfL^Jk???.. heirs and assigns, to cultivate and improve said land, making thereon, to the satisfaction of said Close Bros: .x Co/s^gerjjiaiT^^anil valuable improvements, as follows :^-t^r*j3. liat all imrjrovesrfents placed upon said premises shall remain tliereoirxand shall not be removed or destroyed until final payment for said land. And funlier. that said second party will insure all buildings erectewir to be erected upon saicj land, in a good, responsible insurance pai-ty^and will assign or cause \o be assigned to said first party said policy of insurance, with the ;.%5rss?f or assigns. Anil 5*Js expressly understood and agreed that in ease of loss the amount received from such insurance company or companies shall be used, if .said second party so elects, for the purpose of replacing buildings destroyed; otherwise said first party shall apply the amount of insurano^j-eceived as part payment of the purchase money for the above described land. Said second party further agrees that he will punctually-paw said sums of money specified, as each of the same becomes due, and that lie will regularly and seasonably pay all such taxes and assessmeiftsJas may lie lawfully imposed upon said premises. If said party of the second part fails to pay the said taxes and assessments before the same Become delinquent; or to procure insurance as above provided, the first party may pay such taxes and assessments and the premium for suchVinJsurance, and the amount or amounts so paid shall be immediately due from the second party as part of the purchase money of said land, any shall draw interest at the rate of eight per cent, per annum until paid; but the payment of any tax or insurance premium or premiums byttjie first party shall not be a waiver of the forfeiture or the right to declare or enforce the forfeiture for the non-payment by said second party of such taxes, assessments, insurance premium or premiums, or for any other default. J7 • And in case the said second \iw\.y,..z£-LslsG-.. legal representatives&$—Z£z-&?...assigns, shall pay the several sums of money aforesaid ........ ...... ,..,.,,,.., ...... ....... ..v.^......- y—-.j •'■* company, to the satisfaction of said firstparti loss, if any, payable to said first partyjSftfe.: strictly an8 <jt parljr the sun literally perform all and .singular the agreements anil stipulations make to the said second party, </7c*>..-heirs or assigns (upon aider ol this contract), a warranty deed, conveying said premises in nee as may be placed thereon by the location of public highway..' f this contract, or that may attach thereto by reason of some act punctually, ami at the several times above limited, and slu aforesaid, according to their true tenor and intent, then/the request at the office of (ilose Bros. & Co., at Chicago, II n])le, excepting, however, from covenants of warraril railroads, or other public use, or from taxes becoming dm; or thing done or suffered by the party of the second part. But in case the second party shall fail to make theS)jay>ftJri'ts afdresaid, or any of them, punctually, and upon the strict terms and times above limited, and likewise to perform and complete^N^m4leac# of the agreements and stipulations aforesaid, strictly and literally, without any failure or default, the time of payment being the e^SwSflL" oT this contract, then the party of the first part shall have the right to declare this contract null and void, and all right and interest hereby created or then existing in favor of the second parly, or derived under this contract, shall utterly cease and determine, and the premise, hereby contracted shall revert to and revest in said first party (without any declaration of forfeiture or act of re-entry, or without any other act by said first party to be performed, and without any tight of said second party of reclamation or compensation for moneys paid and improvements made), as absolutely, fully and perfectly as if this contract had never been made. And if. in case'of default of any of the conditions or payments above mentioned, the party of the first part shall commence any action or legal proceedings, either to enforce the forfeiture or foreclose the interest of the party of the second part, or collect the amount due thereon, or to obtain possession of said premises, or restrain the removal of any improvements therefrom, the said party of the second part hereby agives ty pay a reasonable attorney's fee for the commencement or prosecution of such action, and the same shall be assessed and taxed by the court, and the party of the first part shall have judgment therefor, lo be paid or collected the same as the purchase price of tlie land. ' And it is further stipulated that no assignment of the premises shall be valid unless the same shall be endorsed hereon, or permanently attached hereto, and countersigned by the first party (for which purpose'this contract must be sent t*> the office of Close Bros. & Co., Chicago, Illinois), and that ill) agreements or conditions or relations between the second party and ...^77rr£<il assigns, or any other person acquiring title,or interest from or throiigh^i^w^?-, shall preclude the first party from the right to convey the premises to said second party or -^S^c^.-.assigns, or the surrender of ibis agreement and the payment of the unpaid portion of the purchase money which may be due to the first party. Said sttonctiparty will be entitled to a warranty deed when one-third of the purchase money is paid, and note-, secured by mortgage bearing interest ;.t eigtit per cent, per annum, payable semi-annually, arc given for the balance; said mortgage to be a first lien on the premises. In \vi iwess WHEREpl it ion b\ second u:i ^o-ctytV'Z: ^2JL- She parties hereto have hereunto sef their hands the day and year first above written. iit„e,sedby: SOUTH MIN NESQTA LAN D CO., Ld. ^ - ^— —, /^-. ArTOfir, v witnessed by: 'W^^ /f? ORNEY IN FACT. QW s2^y/^
|Title||Page One Front|
Tliis Agreement!, made^ J^ttc^^/^z...., aarof..
yeartss... , between SOUTH MINNESOTA. LAND. CO,LU.^^^^
of the firstVart, arid T^r/?^^rti^a2^«&^
of the second part, WITNESSETH-: That in consideration of the stipulations herein contained^and*the payments to be made as is herein
specified, the first parly hereby agrees to sell to the second pm-ty ilm - —-u-— -
*/:ot Section -7.^777.. ...in.Township <7-7Z.Z~y . 'North, of Range..toT-..'.
West uf the fifth Principal Meridian, containing, according to the United States survey, |