Memorandum of Land Contract
THIS MEMORANDUM OF LAND CONTRACT entered into this 30th day of April
1996, and between:
Xxxxxxx X. Reason, Trustee of the Xxxxxxx X. Reason Agreement of Trust dated
April 9, 1979, whose address is 0000 X. Xxxxx Xxxx., Xxx. X-0, Xxxxxxxx Xxxxx,
Xxxxxxx 00000, hereinafter referred to as "Seller", and Monroe Engineering
Products, Inc., a Michigan corporation, whose address is 00 Xxxxxxxxxx Xxxxx
Xxxxxxx, Xxxxx 000, Xxxxxxxxxx Xxxxx, Xxxxxxxx, 00000, hereinafter referred to
as "Purchaser".
WITNESSETH:
The Purchaser and Seller have entered into a Land Contract of even date
herewith and they desire to enter into this Memorandum of Land Contract to give
record notice of the existence of the said Land Contract.
In consideration of the premises and other good and valuable
consideration, the Seller acknowledges and agrees that the property described
below was sold to the Purchaser on Land Contract of even date:
Commencing on the North and South 1/4 line, 813 feet South of the
Northwest corner of the Northwest 1/4 of the Southeast 1/4 of Section
15, Township 35 North, Range 5 West; thence South along the North and
South 1/4 line, 120 feet; thence East, parallel with the East and West
1/4 line, 258 feet; thence North, parallel with said North and South
1/4 line, 120 feet; thence West, parallel with the East and West 1/4
line, 258 feet to the point of commencing; EXCEPTING THEREFROM Highway
M-131 off the West side thereof, as now surveyed and travelled.
Said property being located in the Township of Little
Traverse, Emmet County, Michigan
The purpose of this Memorandum of Land Contract is to give record
notice of the existence of the aforesaid land contract.
IN WITNESS WHEREOF, the parties have executed this Memorandum of Land
Contract and have caused their hands and seals to be affixed hereto the day and
year first above written.
Signed, Sealed and Delivered
in Presence of: "Seller"
/s/ Xxxxxxx X. Reason
-------------------------------
Xxxxxxx X. Reason as Trustee of
the Xxxxxxx X. Reason Agreement
of Trust dated April 9, 1979
Signatures continued on next page.
/s/ Xxxxxxx X. Xxxxxxxxx
------------------------------ "Purchaser"
Monroe Engineering Products,
Inc.
/s/ Xxxxx X. Xxxxxxxx
------------------------------ By: /s/ Xxxxxx X. Xxxxxxxxxxx
---------------------------
Its: Chairman
STATE OF MICHIGAN
}
COUNTY OF OAKLAND
The foregoing instrument was acknowledged before me on this 30th day of April
1996 by Xxxxxxx X. Reason, Trustee of the Xxxxxxx X. Reason Agreement of Trust
dated April 9, 1979
Xxxxxxx X. Xxxxxxxxx
------------------------
Notary Public
County, Michigan
My Commission expires August 12, 1998
STATE OF MICHIGAN
}
COUNTY OF OAKLAND
The foregoing instrument was acknowledged before me on this 30th day of April
1996 by __________________________, ___________________of Monroe Engineering
Products, Inc., a Michigan corporation, on behalf of the corporation.
Xxxxxxx X. Xxxxxxxxx
------------------------
Notary Public
County, Michigan
My commission expires August 12, 1998
Drafted by and when recorded Tax I.D. No. 24-16-15-400-008
Return to:
Recording Fee $___________
Xxxxx X. X'Xxxxx, Esq.
Stone, Biber & O'Toole, P.C.
0000 Xxxx Xxxxxx Xxxxx
Xxxxx 000
Xxxx, XX 00000
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