HomeMy WebLinkAbout2123 - ~ -
possess, occupy or use the aforesaid house and lot, or
to collect any rents or other income therefrom, except
in the event of default under terms of the aforesaid
proriissory note or Deed of Trust.
The house and lot shall be placed for sale
no later than July, 1980, or at any time sooner at the
election of Wife. The property shall be sold for a
price greater than the presently appraised fair market
value which is found to be $105,000.00. In the event
said property cannot be sold for a price in excess of
5105,000.00, the property will be sold for a price
agreed upon by the parties. In-the event they are
~.nable to asree upon a price, the parties will each
appoint a realtor. The appointed realtors will select
_ =h:~rd rnembe- and the committee of three will determine
_ :rice `or which the house will be sold. When the
=operty is soi3, the net proceeds, after deducting the
ortgage, as of March 15, 1975, costs of sale, etc.,
wi_? be d-:idec 50$ to each up to the sale price of
SO~,000.OG. Any funds received in excess of this
a;;cz:.-~t will be paid to Petitioner.
Petitioner shall assume full responsibility
-for payments of the mortgage, insurance and taxes
until the house is sold. Any unpaid insurance, taxes
or paynents (past due) shall be paid out of Petitioner's
w portion of the proceeds. Petitioner shall maintain
~'y* the hone as her sole responsibility except any major
repair of the roof within the next six months which
shall be the responsibility of both parties equally.
J~~ FaGE~~l
a:~