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CONDITIONAL ASSIGNMENT OF INTEREST OF f~1 G~
ESTATE OF HOt~ARD F. HOWE IPJ LAND TRUST `p
a~oT.~~um ern T)TSTRTCT DIRECTOR OF ~ J,~.
INTERNAL REVENUE
The District Director of Internal Revenue at Jacksonville,
Florida, and the Estate of Howard F. Howe hereby covenant and
agree as follows:
1. t~Jhereas, the Internal Revenue Service assessed the s
Estate of Howard Rowe, hereinafter "The Estate", the principle
sum of $62,914.69 on October I8, 1977 of which 530,000.00,
plus accrued interest from the date of the return, is presently
owing the United States of America; and
2. Whereas, it is the duty of the District Director of
Internal Revenue at Jacksonville, Florida, hereinafter "District
Director", to collect the said taxes and accrued interest; and
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3. F7hereas, The Estate has requested that The Estate be
allowed to pay such taxes and interest on a deferred payment basis,
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which request the District Director is willing to grant if the
indebtedness of the Estate is secured by the execution and delivery
of this Assignment; and
4. tdhereas, The Estate desires to secure the collection of
taxes and thereby avoid the filing of a Notice of Federal Tax
Lien and other collection action pending the liquidation of The -
Estate and administrative or judicial resolution of any potential
refund-claims; and
5. Whereas, the District Director is willing to enter into
this Agreement to secure the collection of these taxes.
NOW THEREFORE, in consideration of the foregoing and the
mutual covenants and agreements hereinafter set forth, the parties
hereto agree as follows:
1. The District Director agrees to withhold collection
activity, including the filing of a :Notice of Federal Tax Lien
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provided that The Estate does not default in any of the terms
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hereof. ~
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