HomeMy WebLinkAbout0029 ASSIGNMENT
ROBERT N. REBEL, JR., and BETTY J. REBEL, for and in
consideration of $5,000.00 to be held in escrow by Hoyt C.
Murphy, Inc., do hereby sell, assign, convey and transfer
to JESSE HAMILTON and INEZ HAMILTON, his wife, their interest
in that certain contract for sale and purchase entered into by
them as Buyer, with JOSEPH DAVIS, et al, as Seller, a copy of
which is attached hereto.
In consideration of this assignment, HAMILTONS agree to
' work with attorneys for the Seller and try to clear title to
the property and close the same. If title is cleared and the
transaction is closed between HAMILTONS, then at the time of
closing, HAMILTONS will pay $1,000.00 per acre to the REBELS
in addition to paying the purchase price to JOSEPH DAV?S, et al.
HAMILTONS, in addition, agree to pay .any surveying expenses
incurred by REBELS.
The parties acknow*eldge that Hoyt C. Murphy, Inc., pre-
sently holds a $5,000.00 deposit which shall be returned to the
REBELS and the $5,000.00 sur;t mentioned above will be paid by
HA~:ILTONS to Hoyt C. Murphy, Inc., to be held in escrow in the
place of the deposit posted by the NEWELS.
The parties acknowledge that certain title defects exist
which have delayed the closing~of this transaction and it is
agreed that if those defects are not cleared witt,in 120 days,
then fiAMILTONS may elect to terminate the contract, and will re-
assign the same to the REBELS, and shall be entitled to the
return of their deposit and will be under no further obliga-
tion to the REBELS.
DA D this ~ day of August, 1980.
WZ?'NE SES
~ f' Robert N. He el Jr.
~Betty,0 ; Heb-e3
Receipt of the deposit referred to abo is her j cknowledged.
HOYT M ~ y , I/~I
BY : ~ ~
?rElll ORIrrIN Jfr ROES L «O~D
c ~Q.r aco A(_~J
a o eo• ~j~o sow, o~cwcc now,o• ))DSO' /RLPnpa[ SDOS1~6~-SjOO 6~ V~~ PAGE
, V ~
r a
. _ - ~
- ~ t
* ; ~ a