St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-29
RANDOLPH STREET
REAL ESTATE
AUCTION,
September I, 2 and 8.
RANDOLPH STREET

to the novel, varied and I'M
usual terms upon which this
property is to be offered. Be-
lleving that Of it's 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-
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 hare
ten per cent discount from the price at
which the property is bid off.
Plan 2-Buyers may pay half cash and
nave 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 at5 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
fLAN buyers may pay one-quarter
cash and have four years in which to pay the
oaiance at 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.
IAN 5-Buyers may pay one-ffth cash
ana nave i've years in which to pay the bal
ance att per cent interest. payable semi
ertF SOLD under this plan will be paid for two
years by the present owner.
Plan 6-Buyers may pay $50 cash and
pay the balance in monthly payments of $40
per mouth, with interest at 8 per cent. ay-
eraged half-yearly; buyers under this plan
Will receive contract of sale, but will have
right when one-third of purchase price has
Deen paid, together with interest thereon
anu anu tne taxes TOR which they are liable, to
take the title of the property under deed and
purchase money mortgage at per cent paw
able semi-annuallv.
the general taxes upon property sold I'M
ger this plan VIII be paid by the present
owner for two years.
PLAN 7-Buyers NAV paw 10 per cent of
purchase price in cash and weekly payments
OF - each week thereafter for eight years,
Whlch payments will include all interest and
, thr senerai ta ai upon the property for
TINS plan Will pass by contract of sale
The above plan is figured for convenience
upon price of $500 as a basis; when lots
60 at either higher or lower price, the time
tor which weekly payments Shall be made
VIII De ratably increased or decreased
PLAN $40 those buyers who are will
ing to bind themselves to improve their
property within ten months by the erection
tnereon OF a dwelling to cost not less than
$1,000, loan amounting to 60 per cent of
the value OF the completed property, in the
opinion OF three unprecedented appraisers,
VIII pe maze at z per cent interest payable
or commission,
Under this plan the foundation of the
uWeIIlliS 10 De quilt must be put in this fall
as an evidence of good faith.
BY this plan it is reasonably certain that
buyers will obtain q larger loan than 60 per
cent OF the total cost of the property because
1t 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 to those who
buy under this plan one years free trans
portatlon on the street railway for two rides
per day for one person.
Plan 9-The owner will agree to build
dwellings to cost not less than SI.5OO or
more than $500 upon selected lots for
parties who pay at least half cash upon their
lots, and who will agree to paw thereafter
not less IMAM $50 per month and interest at
per cent per annum averaged half-vearly
together with the annual cost of insurance.
taxes and assessments
To these buying under this plan the owner
VIII agree to furnish one years free trans
portation on the street railway for two rides
per day for one person.
PLAN lO-To 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
pulidlng IS IN progress, but per cent inter
est When the whole amount of the loan has
Deen 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
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