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down for another hearing. if for some reason that's a problem,
, • _ - • . , . I~t.~ FORD: ~ All ~ right. ~ sir. . . .. ~ ~ . . . . • .
THE COURT: You know. we might even talk about it~ a
purchase money mortgage on that property if he takes it back,
. .•.
although he told me last night cash~ but then he says he's going
' to get $10,000.00 a month for thirty-aix months. •~ That must be ~~. •:' =-
._. -~.
a mortgage. Why such a small mortgage on a huge deal like that?
I don't know all the details. But I do want to collateralize
Mr.~ Epperson a little better. under the theory that this is a
court of equity and I have a certain amount of leeway as a courtf~
of equity, as long as I don't break up a sale. And by that time
he's going to be able to get his accounting, which I think he's
entitled to. and maybe after everybody gets a chance to look
at that accounting and satiefy themselves as to what the true
state of affairs are~ maybe you all can work it out. I don't know.
But we will discharge the lis pendens on the posting of
$500,000.00 acceptable bond to the court, not to the clerk.
MR. MOSS: You've been there before, too, huh?
TNE COURT: I have been that route before.
MR. MOSS: Right.
THE COURT:. And before I accept anything. we will get
all~the lawqers together and have a chat about it.
MR. FORD: What would be the conditions of the bond,
Judge?
THE COURT: It would be to pay any damages Mr. Epperson
mfght suffeY from a lack of collateral for whatever nwney is due
bim.
MR. MOSS: Including costs and fees?
THE COURT: Yea.
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