HomeMy WebLinkAbout27250 / 74-26\ /'�p -�
SEP 1 91974
$ 26 RESOLUTION
BE IT RESGLVED by the Common Counoil o£ the City of Oshkosh �
that the proper City officials are hereby authoxized and directed
to purchase the following descsibed propexty fxom Wall.ace Wickander
at a purchase price of Eighteen Thousand llollars ($18,000.00):
All that part,of the SE 1/4 uf the SF. 1/9 of Section
21, Township 18 North, Range 16 East lying northerly
and wasterly of a frontage road described in Award of
Damages, Vol. 1313, page 158 of Winnebago County
Registry, said land lying in the Town oE Algoma,
Winnebago County, Wisconsin,
Said purchase subject abstract title opinion and approval of
deed by the City Attorney. �
BE IT FURTHER RESOLVED that money for this purpose is hexeby �
appropriated from�the Water Utility Land Account, No. H39001.
APYROVED
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LAND CONTRAGT
CONTRACT, by and betwean Wallace Wlckacdar and Jean Wiekaoder,
hueband and wlfe. es jotnt tenantr> hereimfter esiled "Veodor", whether
o¢e or more, a� the City ot Oehkoeh, a Municipal Corporatlon, of
Oehko�h, Wt�consio, hereinatter ulled "Purchaeer",
WITNESSETH: Tkat the Ve¢dor. In coaeideratlon o! the payments
to be made end the covenanka and a�reements by khe Purchasar to be
oerformed as hereinafter •ek forth, hereby eelle and •greee to eonvsy
unto the Purchaees upon tha prompt and full performance by the Purchaear
ot th� eoveaaats and agreemeett of thia contract to be by the Pusehaeer
perLormed, the following desertbed real eetste tn Winoebago County, Wis-
connin, to-wlL:
All that part ot the Southea�t Quarter (SE V41 ot the
Southeaat Qusrter (SE 1/4) of Sectloo 21. Town�hip IB
North, Range 16 East, tying northerly and wa�terly of
•(rontage rosd de�cribed in an Award ot Damsges, tn
Voluma 1313, paga IiB, ot Winuabago County Regfelry,
edd Land befAg in the Towa of Algoma. Winaebago County,
Wl�eon�[n; tnd further tdnntifled u Patcel 37 in the
Award ot Damages referrad ta above.
Together with all [mprovemente, fixture�, and wppurtenancas now or here-
aEter ereeted, which ehall be part of the real eatate.
Tne Purchsear, in conclderatlon of the covanante and a�ree mente
heretn msde by the Vendor, asrees to purchsse the above described
pre mi�es and pay therefor to the Vendor at Oehkosh, Wlrconsin, the eum
of EigSteen Thoueand Dollsre ($18, 000. 00), in the manner followia;;:
Five Thouaand Dollare ($i,000.00) at the execuHoa hereof, the
xecetpt w hereof is hereby ack¢owiedged; the balance of Thlr[ean Thousand
Dollsr• 1$13,000.00), together with tntareat on euch portione thereof as
shsil remaln trom ttme to Ume unpaid at the rate of Elghk and One-Halt
Per CenY (8-1/2%) por annum, antil paid tn full.
Land Contract (Wlcknnder-Clty of Oahkoeh),
Page 2.
Sdd princtpal and lutereet ehall 6e payabte ta a.nwal inetallmente
of Sixty Ftve Hundred Dollars ($6500.001 per year. The firet payment,
together wlth intereet to be mada on !he annivereary date of thle contract,
nnd the finat payment, together with intoreat, on the eeeond anaivereary
date ot thie contract.
The Purchaeer hereby acatea that It !• eat[etied wlth the titla ae
ehowa by the T[tle Ineuranee Commitment oubmitted to it for examinatton;
the Vendor agreee to deliver the tStle lnsurance policy to the Purchaeer
when the tand contrsct hae been reeorded. The Purchaeer agreee to pay
the eost ot later t(tls Ineurance.
The Purchaear shalt ba enttttad to poeeese[on of eeid peemteea on
the �, day ot �yw�y �9�_. The Purchaser ehall be eotltled
to remain in posseeeion a• long s• tt pertorme ell covenaate and agreemente
herstn meotloeed oa hi• part to bs perfosmed, sod no longer.
The Purchaeer covenaats and agreee ae followe:
(I� To keep the premlees tree from liens euper[or to
!he ilen of thie eontract, or the righte ol the Vendor
in the pxemieea.
(2) Not to commit waate nor euffes weete to be commltted.
(3) Not to do any act which ehall impeir the value thereof.
Tho �'endor hereby agreos that in ceae the nforeeaid purchaee prtce
with tntereet and other money ehall 6e [ully pald, and all the cond(t[one
heraln ahall be fully performed at the time and in the manner aUove epec3-
Red, he w[11 on demand thereafter cauee to be exacuted and dellverad to
the F'urchaees a good and aufftctent warranty deed, [n fee elmple. of the
pre mleee deecribed nbove. Iree and clear o[ all lienn and encumbrancas,
except tsxes nnd nesesemente, aod auy lien or encumbrancee created by
the act or default of the Purchaeer, minicipal and zontng ordinancee nnd
racorded eaeemente and restrlctione.
Land Contract (Wickaadar-Glty of Oahko�hl,
Png� 3.
Ths Purchaeer hereby cove¢aat• aud agzeee thit time shall be
deemad to 6a oF the e�tenee ot thia contrsct tud in aaoe ot detsutt !n
the ptyment ot any princlpsl or interest whee the eame •hall beaome
due, or ln !he partormance ot any ot tha conditton�, covanante, or
promiaee by the Purchaeer hereta to be kept or partormed, •od sueh
detault ahall eontinue for s perlod ot clxty i60) days, the¢ the Yendor
may, at hle optton, declare the coutract s! an ead, all riqht• ot the
Purchaeer under thle �a'raemanC cancelled, and the amounts paid by
the Pu:c!uaez her�uoder tortalted, the a�me to rsmaln khe Vendor'e
property ae rental ot eald premisae avd as ltquidated dsmagee foz !he
fallure completely to lulfil! thie agreement; and tha Vendor ehall torth-
wilh ead wtthout notice have tha right of re-eetry; or. a[ the option o1
the Yandor amd wtthou! notice [o the Purehasar, aotice belag hereby
expres�ly w�ived, the whole amount ot uapaid prlecipal oMll bedaemed
to have becoms due and paYable; in case euch optioo ■hall be exercieed,
the unpsid pr(neSpa! and interaet, tog�ther with alt eume wAich m�y be
or hsve bam paid bq the Vaodor a• hereia nut6or[sad with tateree! o0
such di�bur�emeote at the rata efoxeetid •halt be collsctibte fn a suit
at law, or by forecloeure ot thia conir�et inkhe eame manner ae it the
whole oi said unp�ld oeincipal hul been due at the tlme when any euch
detautt occurred, and the lndebtedneea ahsil embraee, with aaid unpaid
princlpsl and [ntereet, all the sume eo diebur�ed with intsseot ae afore-
eaid.
In care ot legal proceedinge in enforcamewt of any remedy here-
uader, whsther abated or not, all espewaes, indudind reaeonabte attorney'e
teef, shsll be added to tke principal, become due a• incarsd, and in
cass ot judgment ehall be ineluded therain.
Land Contract (Wickander-City of Oehkosh),
Page 4.
Upon the commencement or durin� the pendency of any action
of forecloeure oi dils con[ract, tke court inay apaoint a receiver of
t4e premiaex, in�luding homestead interest, and may empowez the
receiver to rollect clie rents, iesur.e, an3 p:ofits oF said premises
during :Se pendeucy o: such sction. and may order auch rente, ieeuee,
and profiks wiien so collectad, to be held a�ui applied as the court ehall.
from time to time, direct.
It is mu.uail� underatood and agreed by and between the partiee
that it ic tiie ir.Centiou oF tno Purchauer to arect a water lower with all
neceesary cunnectiuns on the abuve deecribed property, and that euch
uee of tke real astate is her¢by agreed to by the Vendor.
All tertne, cunditiona. covenante, warraatiee acul promises harein
ehalt be bindinb upon and inure to the benefit of the :�eire, I.egal repreeent-
ativee, succeseore, and aaeigne of the Vendor an3 tke Purchaser.
IN V✓ITNESS WHEREOF, thie land contract hae bean execuked
.
and delivered thie ��_ day of ��. A. D. , 1974.
�
�/L,Cd�n� �-lJ,t.r�-.-ti�:—��_ISEAL)
Wallace Wickander
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� nni' � �/�.�'./''1� •��ii� � (SEAL)
Jf n Wickander
GITY OF�95HK SH, by:
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L:'� ! .a.. ) . �<`� � � (SEAL)
i
GORDON�� JAHGER �� T2!$CIXK City Manager
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_' G �'% � � (s�AL)
CONVERSE C. D'1ARK5 Gity Gierk
Land GonCraet (Vlickander-Gily of Oehkosh),
Page 5.
6TATE OF WI3CONSIId)
) SS
WINNEBAGO COVNTY)
t,
.�%.�..n_E� A. D. ,
Per�onetly ume Setore me thle �. day ot � 1Pd! �
19Z„��. the above named Wallace Wickander nnd Jean Wickatdes.
husb�nd and wife, se joint tsntet�, !o me kno�vn to be the pereona
who eu�uted the foregoing instrument snd acknowled6od the �sme.
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IIEL�N ANN PIERCE
Notary Public, Wlnnebego Cou }/ty,',� 'Wi�seonein
My commts�ion �c%�s (/ .�j-��`�
STATE OF WISCONSIN)
) 53
�pINNEBACO COUNTY )
Pereoeully ume betore me� �this° � d�Y ��m '� �'• D• ,
lq�t- , the above named ,�/��- . , T' �°d
�-� �/ ah// . CiS ty Cterk � t Cfty ot •hkoi�i,` a Muni-
cipal Corpoeation. to me knoaa to b� psreons ami ottieer� who
exeeuted tha loregolag instrumenE and aek¢owled6ed that they sxecuted
�he eams a� otPieare by it• authority for ths puzposea tharein contained•
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HELEN PS1N PIERCE
Notery Public, W[nnmba o Co , Wlseooeia
My commleeion � g- ' y G�L—r�%�
Thi� Initrnmen! Drsfted By:
NUGENT & NUGENT
Attorneyc �t Law
Waupun. Wt�con�tn
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