Loading...
HomeMy WebLinkAbout0509 ! ; ~ ~ ~ ~ 7 9 191~ ~ 1. Tract 10, Block 3, less road right of way. ~ ~ 2. Tracts 13, 14,,15 and 16, 81ock 4, sub~ect to all outstanding oi~ gas and mineral rights in others . ~ ' ; PARCEI; C: Be in at a ~ ~ g point on the East Section~ Line of Section 22 which is 200 feet North of the Southeast corner of Section 22 Township 36 Sou~h, Range 40 ~East; thence run West 337•8~ • feet to the Easterly ri~t of way line of U. S. Highway ~l; ; thence run Northwesterly along the Easterly rig~t of way line of ' said U. S. ~tl for 174.16 feet; thence run East 418.68 feet to the East line of said Section 22; thence run South along said section line to the point of beginning; less the South 80 feet thereof for road ri~t of way. , . . which property is hereinafter referred to as the land. 2. Interest of Owners. Each of the Owners owns or will own an undivided interest in the land as a tenant-in-common with the other Owners, sub~ect, however, to the obligations hereinafter stated. The extent of each Owner~s interest is that set opposite his name in the execution of this instrument in Section 21 hereof. • 3.~ Ooligations of Owners. The land is encumbered or f ; will be encumbered by two mortgages in approximate total amount of i $415,250.00-to secure•the unpaid balance of the purchase price being paid by Owners for the land, Each Owner's interes.t in the land is sub~ect to the lien of such mortgages, and each of ~ the Owners covenants to pay his pro rata-share of each gayment ~ ~ ~ . : f of principal and interest thereon, and to pay his pro rata share ~ , ~ of all taxes, special assessments, insurance premiums, and ~ s ~ other expenses and liabilities incident to the land and t o this ~ ' ~ R ~ Trust, all to the Trustee in the manner hereinafter provided. ~ . ~ ~ ~ 4. Attorney-in-Fact for Owners. KANTNER is herein ~ ~ ' ~ appointed attorney-in-fact for each of the owners with power t ~ of substitution and with the ~ power to represent the owners in ~ ~ all matters concerning the land, and with the power to lease ~ and sell the land and portions thereof, but without power to ~ ~ = re-invest nor to subdivide the land nor to engage in -any business ~ ~ . . Y. as to these lands; provided, however, that all leases for terms ~ M ~ ~ ~ _2 ~ ~ ~ e~~ ~ ~ 800K e~ll0 PAGf ~ k ~ ~ ~ y - - ' ~ ~ • : " ' ~ ~ ~ _ ` ~ _ ~ -x _ . .