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in <br />I* <br />I <br />9H <br />vA;; <br />^Rnil> *). 3i^fi 'lEsb 0ffin5. lj^\! <br />May 3t, [989 <br />55 TENTH AVTNUl SCnmi SECOND FIOORHOPKINS, MN 1534) <br /><612)933-5151 <br />Frederick C. White <br />14195 PmI Drive <br />Rogers, Hit. 55374 <br />#1 1 <br />Re: Donald Keapff et el v. Devid L. While) et el <br />Our Pile; 85-959 <br />Dear Fred: <br />In fficcordaitce vlth our eoayersaUon, I me proridinf you vlth the eleaente <br />of the cettleaent agreeewnt that waa entered into the court record before <br />Judge Jamee Roger* on May 9th oi 1M8. The following are the teroui of <br />the egreesBent; <br />U The White* %rould provide an approved plat of the property within <br />ail oontha from the data the acreement. <br />2. The Whitee would convey a hrt on which the house was situated <br />that contained a minimtai of three acres and approved by the City. <br />3. The purchaee price tor the parcel described above would be <br />$85,000.00. The terae would be Sh(XX).00 earneat oionay, which haa <br />been paid; $9,000.00 at cloeing; and a Contract for Deed bearing <br />interest at the rat* ot lOX per annum, due and payable in full four <br />years after the date of cloeing. Paymenta on the contract would be <br />at the rate of $650.00 per month. <br />4. The Kempfe would pay their pro rata shmre of taxea on the lot <br />transferred to them, and the Whitea wcMild pay the differential <br />between the homestead and non-hoamsteed taxee. The Kempfs would <br />apply for tuneestead immediately after cloeing. <br />If you need further verification of this agreement, please have* a <br />representative of the City contact <br />I have enclosed a statement with regard to attorney fees, as a separate <br />attachment. This statement is in accordancs with our conversation* <br />s <br />Please-call if there is_any additional question. <br />Yours very 7uly, | J x <br />RONALD J. SS P.A. <br />nald J. Johnson <br />RJJ:sej <br />pnri. <br />v>^- <br />Hi <br />0* <br />r <br />J