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AGREEMENT Otl~~w~ ~'~.A. aLt~e
THIS AGREEMENT is made and executed this 9th day of
October, 1980 by G. KRISHNA KUMAR (The "SELLER") and
PIONEER INVESTMENT PROPERTIES, INC., a Florida corpora-
tion whose address is 3224 South U.S. Highway No. 1, Fort
Pierce, Florida 33450 (the "BUYER").
WITNESSETH:
WHEREAS, SELLER has conveyed to BUYER that certain
real property described in Exhibit "A" attached hereto
and made a part hereof (the "PROPERTY") pursuant to that
certain Warranty Deed dated October 9, 1980, (the
"DEED"); and
WHEREAS, SELLER has conveyed to BUYER certain fix-
tures, licenses, personal property and contract rights
relating to the PROPERTY pursuant to that certain Bill of
Sale of even date with the DEED (the "BILL OF SALE"); and
WHEREAS, there are certain agreements, covenants and ~
assurances of the parties which necessarily survive the
closing of Or.tober 9, 1980._
NOW, THEREFORE, FOR AND IN CONSIDERATION of the
mutual agreements, covenants and assurances herein con-
tained, the sufficiency of which is acknowledged, the
parties do agree as follows:
1. G. KRISHNA KUMAR is the sole owner of and is
authorized to sell the land, building, furniture and
fixtures, licenses, leases and personal property, compris-
ing the BEST WESTERN EXECUTIVE INN, located at 3224 South
U.S. Highway No. 1, Fort Pierce, Florida. ;
2. PIONEER INVESTMENT PROPERTIES, INC. is a valid
Florida corporation in good standing in all respects and
is authorized to buy said lands, buildings, furniture and
fixtures, leases, licenses and personal property compris-
X340 p,~i73?
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