St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-02
RANDOLPH STREET
REAL ESTATE:
AUCTION,
September I, 2 and 8.

We call especial attention
to the novel, varied and I'M
usual terms upon which this
property is to be offered. Be-
lieying that of its kind the
property is the best that
has been offered at auc-
ton for many years in st.
Paul, we have persuaded the
owner to give the investing
public the option of a variety
OF attractive and favorable
terms. 1t has been our en-
deayOr SO to arrange these as
to bring the opportunity of
purchase within every class of
buyers. We offer then below
ten distinct options of prr-
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
a 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
and have one and two years to pay the bal
ance at D 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
FAAN 4-Buyers may pay one quarter
cash and have four years in which to pay the
Dhlance al 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 one-fifth cash
anu hu'e H'e years IN Whlcn 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.
Pr IAN 6-Buyers may pay $50 cash and
pay the BALANCE in monthly payments of $40
per month, with interest at per cent av-
eraged half-yearly; buyers under this plan
will receive contract of sale, but will have
a right when one-third of purchase price has
been paid, together with interest thereon
ia I;oLt
take the title of the property under deed and
purchase money mortgage at 7 per cent pay
able semi-annually.
The general taxes upon property sold I'M
DER THIS plan will be paid by the present
owner for two years.
PLAN buyers may pay 10 per cent of
purchase price in cash and weekly payments
of 81 each week thereafter for eight years.
which payments will include all interest and
the general taxes upon the property for
three years The title to the property under
this plan will pass by contract of sale
The above plan is figured for convenience
upon price OF $500 as a basis: when lots
go at either higher or lower price the time
for which weekly payments Shall be made
Will be ratably increased or decreased
PLAN $50 those buyers who are will
ing to bind themselves to improve their
property within ten months by the erection
thereon of a dwelling to cost not less than
81 ,5Oo, loan amounting to 90 per cent of
the value of the completed property. i'll the
opinion of three unprejudiced appraisers,
Will be made at per cent interest payable
semi-annually. without charge for expenses
or commission.
Under this plan the foundation of the
dwelling to be built must be put i'll this fail
as an evidence of good faith.
BY this plan 1t is reasonably certain that
buyers Will obtain larger loan than 60 per
cent of the total cost of the property, because
it is expected that when the appraisal comes
to be made the lot Will be valued higher than
the auction price.
The owner will also furnish 10 those who
buy under this plan one years free trans
per day for one person.
PLAN 9-The owner will agree to build
dwellings 10 cost not less than Sl,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 and 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
portation OH the street railway for two rides
per day for one person,
PLAN 1910 approved purchasers of
any of the lots the owner will agree 10 marc
building loans which shall bear 6 per cent
interest upon advances made while the
building IS III progress. but per cent inter
est when the wiki ole amount of the loan has
been paid the borrower and the property is in
finished condition; these loans may run for
any time at the buyers option up to five
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.