St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-01
RANDOLPH STREET
REAL ESTATE
AUCTION.
sSeptem Der I, 2 and 8.
RANDOLPH STREET

2 We call especial attention
to the novel, varied and un-
usual terms upon which this
property is to be offered. Be-
lieving that of its kind the
property is the best that
has been offered at auc-
ton for many years in st.
Baud, we have persuaded the
owner to give the investing
public the option Of O variety
Of attractive and favorable
terms. 1t has been our en-
deavor so to arrange these as
to bring the opportunity Of
purchase within every class of
buyers. We offer then below
ten distinct options Of pur-
chase. All buyers will be re-
quired to pay five per cent at
the time of purchase On the
ground, and will be given
therefor a binding receipt,
which will give them the priv
ilege of afterwards deciding
upon which plan the contract
Of purchase and sale is to be
finally carried out.
PLAN buyers may pay cash and have
ten per cent discount from the price at
which the property is bid off.
PLAN 2-Buyers may pay half cash and
have one. two and three years upon the bal
ance OF the purchase money without inter-
est until the maturity of the mortgage notes.
PLAN 3-Buyers may pay one-third cash
ana nave one and two years to pay the bal
ance at per cent interest. payable semi
annually. The general taxes upon the prop
erty sold upon this plan will be paid by the
present owner OF the property for two years.
Fan 4-buyers may pay quarter
cash and have four years in which to pay the
balance at q per cent interest pay able semi
annually: The taxes upon property bought
under this plan will be paid for one year by
the present owner of the property.
PLAN 5-Buyers may pay oue-fifth cash
and nave five years in which to pay the bal
ance at z per cent interest payable semi
annually. The general taxes upon the prop
erty sold under this plan will be paid for two
years by the present owner.
ELAN 6-Buyers may nav $50 cash and
pay the balance in monthly payments of $40
per mouth, with interest at s per cent ay-
erlged half yearly; buyers under this plan
VIII receive contract of sale. but will have
right when one-thfrd Of purchase price has
been paid, together with interest thereon
and the taxes for which they are liable. to
take the title of the property under deed and
purchase money mortgage at per cent, pay
The general taxes upon property sold I'M
der this plan will be paid by the present
owner for two years.
PEAN 7-Buyers may pay 10 per cent of
purchase price in cash and weekly payments
of S2-each week thereafter for eight wears
which payments will include all interest and
the general taxes upon the property for
three-years. The title to the property under
TINS plan Will pass by contract of sale
The above plan is figured for convenience
upon price of $500 as a basis; when lots
go atieither higher or lover price, the time
Tor winch weekly payments shall be made
Will be ratabiy increased or decreased
PEAN $40 those BUYERS who are will
ing to bind themselves to improve their
property within tenmonths by the erection
snereon OF a dwelling to cost not less than
SI,ooO. aloarsamOunting to 60 per cent Of
the value, Of the com pieted property. in the
oplnion ~ three sunprejudiced appraisers
viii be made at per cent interest. payable
semliannually. without charge for expenses
or commission.
|: Under this plan. the foundation of the
dwelling to be built must be put in this fall
as an evidence of good faith
BY this plan it is reasonably certain that
buyers Will obtain larger loan than 60 per
cent OF the total cost of the properly, because
1t is expected that. when the appraisal comes
to be made the lotwll be valued higher than
the auction price.
The will s1S f,,rr -
buy under this plan one years free trans
portation Oh the street railway for two rides
per day for one person.
PLAN 9-The owner will agree to build
dwellings, 10 cost not less than 81 500 or
more than $500 upon selected lots for
parties who pay at least half cash upon their
lots, and who will agree to pay thereafter
not less than SO per month aud interest at
per cent per annum averaged half YEARLY
together with the annual cost of Insurance
taxes and assessments
TO those buying under this plan the owner
will agree to furnish one years free trans
portatlon on the street railway for two rides
per day for one person.
PLAN 1910 approved purchasers of
any of the lots the owner will agree TO make
building loans which shall bear 8 per cent
interest upon advances made while the
building is in progress, but z per cent inter.
est when the wi ole amount of the loan has
been paid the borrower, and the property is in
hnlshed condition; these loans may run for
any az tuc Uu!eC OpllOn 10 i've
years, and will be free of all charges for
expenses or commission. To parties buying
under this plan the owner will furnish free
transportation on the street railway for two
rides per day for one person for one year.
The sale will be held upon
the ground, and will begin
upon Thursday morning, Sept.
LIST, at 10 o'clock, and contin-
lie upon the two following
days. The way to reach the
property is to take the West
Seventh street electric line to
the corner Of Randolph street,
and thence to the property by
transfer to the Randolph
street line. A coupon can be
had at our office which will be
redeemed upon the ground for
25c, which will fully cover
cost of transportation to and
from any part Of the city, and
another coupon Of like value
mill ho oe;x-on 70 o~- ,oo,oo,,