Mower County transcript., 1908-08-05
cellation Of Iand Contract.

administrator, and to Francis
Hagan, Sarah J. McAuley, Thomas
Hagan, James Hagan, William
:Hagan, Harriet McCartin, Susan
Egan, Mary A. Cole David Hagan,
Daniel Hagan, Mary Morrison,
Thomas Ryan, Charles Ryan, Lilly |
Grove, William Ryan and Edith
81 Name, sole and only heirs at law
OF Peter Hagan, deceased:
y TAKE NOTICE, That heretofore
and on the End day of February,
1906, Contract for a Deed was
made, executed and delivered by and
between Mary Stock and Caleb Stock
her husband Of the County of Nit
chell in the State of Iowa, and
Peter Hagan of the County of
Mower in the State of Minnesota,
wherein and whereby in considera-
tion of the sum of Fifty-two hundred
fifty Dollars ($525O.0O) the said
Mary and Caleb Stock contracted and
agreed to convey to the said Peter
Hagan, upon his full and timely per-
formance of all of his part of the
terms, conditions and provisions
thereof, those premises situate in the
County of Mower and State of Min
nesota, described as follows, viz:
The North half of the Southeast
quarter of Section No. Thirty-two
(32), and the Northwest quarter of
the Southwest quarter, and the
South half of the Northeast quarter
OF the Southwest quarter of Section
No. Thirty-three (33), all in Town
ship No. One Hundred two (1O2).
Range No.. Eighteen (18) West,
Fifth Principal Meridian.
That by the terms of said contract
it was agreed on the part of said
Peter Hagan to pay the sum of Two
hundred fifty Dollars ($25O.O0) on
the first day of December, 1906, and
like sum on the LIST day of Decem-
ber of each succeeding year until the
full sum was paid, with the excep-
tion that when the said Hagan paid
the sum of One Thousand Dollars
($l,0O0) the said Mary and Caleb
Stock agreed to give deed and take
a mortgage back for the amount re-
naming unpaid, and excepting that
the said Hagan reserved the right to
pay all or any part of said amount at
any time. And in addition thereto
the said Hagan agreed to pay inter-
est at the rate of five per cent per
annum from January 1st, 1906, pay
able annually at the Exchange Bank,
Mitchell, Iowa, and to pay all taxes
and assessments which might be
lawfully imposed or levied upon said
premises. 49,
| And it was by said agreement fur
ther agreed by and between said par
ties that in case the said Peter Hagan
should fail to make said payments or
any of them at the time they became
due, or within sixty days thereafter
time, and said limitation, being the
essence of said contract, or in case OF
said Hagan should permit the taxes
on said premises to become de-
linquent and said premises to be
sold therefor, or should fail and ne
glect to pay said interest at the
time and in the manner in said con-
tract provided, then and in that case
that the contract should utterly
lcease and determine and said prem
ises revert and revest in the SAID
4 Mary and Caleb Stock as fully anC
(perfectly as if said contract haG
never been made; That in case o1
the forfeiture of said contract by
reason of any failure on the part o1
said Hagan to make payments and tt
do and perform his part of sale
agreement the use of said premises
down to the time of forfeiture should
be regarded as complete considera.
tion and compensation for any an6
all payments made under this con.
tract, and for all improvement t.
made on said premises.
i And which said agreement further
provided that there should be no as
J |signment by said Hagan unles!
the same shall be endorsed thereon
together with the written consent O.
said Stock.
i That pursuant to said agreemen
and the terms and conditions there
of, the said Peter Hagan has pait
thereon the first payment which wa
due December, 1905, of Two hundred
fifty Dollars ($250.00), and, in ad
dition thereto; has paid all interes
to January 1st, 1907, except fft!
cents (50c), and has paid to appl!
on the interest due January 1st
; 1908, the sum of One hundred
twenty-one and 80-100 Dollar
j($121.SO); that heretofore it wa
agreed between the parties to sait
contract that the payment of Tw,
I hundred fifty Dollars ($250.00.
which became due Dec. 1, 1907
should be extended and carried unit
January 1st, 1909, with interest a
lseven per cent. ..--
That according to the terms, con
ditions and provisions of said con
tract there became due and payabl,
from the said Peter Hagan to tn
Isaid Mary and Caleb Stock on the Is
day of January, 1908, the sum O
Two Hundred fifty Dollars ($250.0O,
as interest, no part of which ha
been paid, except the said sum O.
One hundred twenty-one and 80-10(
Dollars ($121.S0), leaving a balance
Iof said interest due as aforesaid O.
One hundred twenty-eight and 20
/ 100 Dollars ($128.20); that more
than sixty days have elapsed since
said interest and the whole thereo
became due and payable, and there
is at this date justly due and payabl,
upon said contract past due interes
in the sum of One hundred thirty