St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-30
RANDOLPH STREET
REAL ESTATE
AUCTION,
September I, 2 and 3.


usual terms upon which this
property is to be offered. Be-
lieving 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. Ali 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.
FLAN 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
nave one; two and three years upon the bal
ance of the purchase money without inter-
est until the maturity of the mortgage notes.
Pan 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.
Plan 4-Buyers may pay one-auarter
cash and have four years in which to pay the
oaiance at per cent interest, pay able semi
nndo1 ,f;s dne taxes upon property bought
the present owner of the property.
PLAN b-Buyers may pay one-ffth cash
and have five years in which to pay the bal
ance afz per cent interest. payable semi
erty sold under this plan will be paid for two
years by the present owner.
EA AN 6-Buyers may pay $50 cash and
pay the balance in monthly payments of $40
per month, with interest at per cent. ay-
er1ged half yearly; buyers under this plan
VIII receive contract of sale, but will have
a right when one-third of purchase price has
peen paid, together with interest thereon
ana the taxes for which they are liable. to
take the title of the property under deed and
purchase money mortgage at z per cent pay
able Seml-annually.
me general taxes upon property sold I'M
oer THIS plan will be paid by the present
owner for two years.
PLAN 7-BuyerS may pay 10 per cent of
purchase price in cash and weekly payments
or 81 each week thereafter for eight wears.
winch 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 he made
VII! be ratably increased or decreased
PLAN $50 those BUYERS who are will
Ing 10 blnd themselves to improve their
property within ten months by the erection
tnereon OF a dwelling to cost not less than
Sl,ooO, loan amounting to 90 per cent of
the value of the completed PROPERTY. i'm the
opinion or three unprejudiced appraisers.
Will be made at z per cent interest, PAYABLE
seml-annually. 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 property, because
IT is expected that when the appraisal comes
10 be made the lot will be valued higher than
the auction price
The owner will also furnish to those who
puy under this plan one years free trans
poftatlon 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 Sl.5OO or
more than $500 upon selected lots for
parties who pay at least half cash upon their
lots, ana VINO Will agree to pay thereafter
not less than S25 per month aud interest at
Z per cent per annum averaged half yearly,
together with the annual cost of Insurance
taxes and assessments
10 tnose buying under this plan the owner
Will agree to furnish one wears free trans
portatlon on the street railway for two rides
per day for one person,
PLAN 1O-To approved purchasers of
any of the lots the owner will agree TO make
Dulldlng loans which shall bear 8 per cent
interest upon advances made while the
building is IL progress, but z per cent inter
esC When tne Wfo amount of the loan has
Deen PAID the borrower, and the property lin
nnlsned condition; these loans NAV run for
any time at the buyers option up to five
years. and will be free of all charges for
NAPChScS VI CoiuLilssloH. 10 parties buylDg
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. The coupon which
is inclOsed herewith 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
will be given to any person
desiring to attend the sale
upon the succeeding day; these
coupons will only be redeemed