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rMe <br />A <br />h ► <br />^ ■ <br />f- <br />^-•v <br />f- <br />• V“ <br />‘*vt, r' <br />Mar 31t 1989 <br />^Rmlt 3. If^sn ‘^ib fffirrs.MonoNS omd centbi33 TINTH AVENUE SOUTH SECOND FLOC«lHOPKINS. MN 55343 <br />(612) 933-5151 <br />/ <br />Praderick C. bhit* <br />1419S 1^1 Drive <br />Rotfere, Mn. 55374 <br />Re: Donald Keapf, et al v. David L. Whit#, at al <br />Our Pile: 85>959 <br />0«ar Fred: <br />In accordance with our conversation, 1 aa providinc rou with the eleaenfa <br />of the eettlement acreeaent that wee entered into the court record before <br />Judtfe Janes Rocere on Mar 9th of 1983. The following are the terms of <br />the anreenent: <br />L The Whites would provide an approved plat of the propertr within <br />six Bwnths from the date <A the agreement. <br />2. The Whites would conver a lot on which the house was situated <br />that contained a ninimun of three Krres and approved br the Citr« <br />3. The purchase price for the parcel described above would be <br />$85,0(X).(X). The terms would be $1,(X)0.(X) earnest moner, which has <br />been paid; $9,000.00 at closinc; and a Contract for Deed bearing <br />interest at the rate of 10% per annum, due and parable in full four <br />rears after the date of closing. Parmenta on the contract would be <br />at the rate of $650.(X) per sionth. <br />4. The Kempfs would par their pro rata share of taxes on the lot <br />transferred to them, and the Whites would par the differential <br />between the hosiestead and non-homeetead taxes. The Kempfs would <br />applr for homestead imsiediatelr after closing. <br />If yon need further verification of this agreement, please have a <br />representative of the Citr contact me. <br />I have enclosed a statement with regard to attorner fe®s, as a separate <br />attachment. This statement is in accordance with our conversation. <br />Please-call^ if there is _any additiona^uestion. <br />/ Yours very ^uly, ^ <br />RONALD J.,ifpHNSON'^LAW OFFICES P.A. <br />nald J. Johnson <br />/ '•RJJtsej <br />•eMHW <br />)• % <br />.V <br />J <br />•J* ■ <br />'if:' <br />f <br />/V *