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EXHIBIT 10.7
D E E D
This DEED OF CONVEYANCE, made and entered into on this the 8th day of
October, 1998, by and between XXXXX X. DOZER and wife, XXXXX X. XXXXX, 000 Xxxx
Xxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxxxxx, hereinafter referred to as the Grantors,
and CITIZENS FIRST CORPORATION, a Kentucky corporation, 0000 Xxxxxxx Xxxxxx,
Xxxxxxx Xxxxx, Xxxxxxxx 00000, hereinafter referred to as the Grantee.
W I T N E S S E T H:
That for and in consideration of the sum of SIX HUNDRED TWENTY-FIVE
THOUSAND DOLLARS ($625,000.00), cash in hand paid, the receipt of which is
hereby acknowledged, the Grantors do hereby bargain, alien, grant, deed, sell
and convey unto the Grantee, its successors and assigns forever, the following
described real property located in Xxxxxx County, Kentucky:
TRACT I:
A certain tract of land located on Xxxxxxxx Xxxx in Bowling Xxxxx,
Xxxxxx County, Kentucky, beginning at a stake located in the south
right-of-way line of Xxxxxxxx Xxxx, said stake being a corner common
to Lots 1 and 2 as set out in Plat Book 16, Page 144, in the office of
the Clerk of the Xxxxxx County Court; thence from said beginning point
South 18 deg. 33 min. 53 sec. East 335.99 feet to a stake corner with
Lot No. 2; thence North 69 deg. 26 min. 37 sec. East 126.17 feet to a
stake corner; thence North 17 deg. 39 min. 54 sec. West 335.70 feet to
a stake in the south right-of-way line of Xxxxxxxx Xxxx, a corner with
Xxxxx Construction Company; thence with the right-of-way line of
Xxxxxxxx Xxxx South 69 deg. 40 min. 07 sec. West 131.43 feet to the
point of beginning, same being Lot No. 1 of that certain plat of
record in Plat Book 16, Page 144, in the office of the Clerk of the
Xxxxxx County Court.
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THERE IS EXCEPTED from the foregoing that certain right-of-way
construction easement conveyed by Xxxxx X. Dozer and Xxxxx X. Xxxxx
a/k/a Xxxxx X. Xxxxx, to the Commonwealth of Kentucky, Transportation
Cabinet, dated 12 July 1994 and of record in Deed Book 691, Page 631,
in the office of the Xxxxxx County Clerk, which is more particularly
described as follows:
Parcel No. 117: Beginning at a point 50.00 feet right of Xxxxxxxx Xxxx
station 294+51.24; thence North 69 degrees 39 minutes 30 seconds East,
23.76 feet to a point 50.00 feet right of Xxxxxxxx Xxxx station
294+75.00; thence South 20 degrees 20 minutes 30 seconds East, 15.00
feet to a point 65.00 feet right of Xxxxxxxx Xxxx station 294+75.00;
thence South 69 degrees 39 minutes 30 seconds West, 24.26 feet to a
point 65.00 feet right of Xxxxxxxx Xxxx station 294+50.74; thence
North 18 degrees 25 minutes 14 seconds West, 15.01 feet to the point
of beginning.
The above described parcel contains .008 acres (360 sq. ft.).
It is the specific intention of the grantor(s) herein to convey a
permanent easement to the property described above for the purpose of
constructing and perpetually maintaining drainage.
The acquisition of the right of way of this project was authorized by
the Xxxxxxxx Xxxxxxxxxx xx Xxxxxxxx Xxxxxxxx Xxxxx Xx. 00000. The
control of access on this project and access to the remaining property
of the first party shall be by permit, as required to be set forth in
Section 6 of the Kentucky Administrative Regulations. (603 KAR 5:120).
Parcel No. 117A: Beginning at a point 50.00 feet right of Xxxxxxxx
Xxxx station 294+75.00; thence North 69 degrees 39 minutes 30 seconds
East, 107.69 feet to a point of 50.00 feet right of Xxxxxxxx Xxxx
station 295+82.69; thence South 17 degrees 37 minutes 18 seconds East,
10.01 feet to a point 60.00 feet right of Xxxxxxxx Xxxx station
295+82.21; thence South 69 degrees 39 minutes 30 seconds West, 72.21
feet to a point 60.00 feet right of Xxxxxxxx Xxxx station 295+10.00;
thence South 61 degrees 31 minutes 41 seconds West, 35.36 feet to a
point 65.00 feet right of Xxxxxxxx Xxxx station
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294+75.00; thence North 20 degrees 20 minutes 30 seconds West, 15.00
feet to the point of beginning.
The above described parcel contains 0.27 acres (1,162 sq. ft.).
It is the specific intention of the grantor(s) herein to convey a
construction easement to the property described above; said easement
terminates and reverts upon completion of same.
This being a portion of the same property conveyed to Xxxxx X. Dozer
and wife, Xxxxx X. Xxxxx, from Forest Borders, II and wife, Xxxxxx
Xxxxxxx, by deed dated 20 September 1991 and of record in Deed Book
642, Page 627, in the office of the Xxxxxx County Clerk.
TRACT II:
Being a 20,250.12 square foot parcel of land located off of Xxxxxxxx
Xxxx in Bowling Green, Kentucky, and more particularly described metes
and bounds as follows:
Beginning at an iron pin located in the south right-of-way line of
Xxxxxxxx Xxxx, said pin being approximately 950 feet from the
right-of-way of Scottsville Road; thence leaving the right-of-way line
of Xxxxxxxx Xxxx S 17 deg. 39 min. 54 sec. E 178.17 feet to the true
point of beginning of described tract; thence S 17 deg. 39 min. 54
sec. E 157.53 feet to an iron pin; thence S 69 deg. 26 min. 37 sec. W
126.17 feet to an iron pin; thence N 18 deg. 33 min. 53 sec. W 160.61
feet to a point; thence N 70 deg. 51 min. 47 sec. E 128.58 feet to the
point of beginning, containing 20,250.12 square feet, and being a
portion of Lot 1 Farmers Investment Company, Inc. Subdivision as
recorded in Plat Book 16, Page 144, at the Xxxxxx County Courthouse,
Bowling Green, Kentucky, and which is now identified as Lot 1-1 on the
Utility Plat, Lot 1 Farmers Investment Co., Inc., of record in Plat
Book 25, Page 165 in the Xxxxxx County Court Clerk's office.
THERE IS FURTHER CONVEYED HEREIN, a non-exclusive ingress-egress
easement for access to the property conveyed hereinabove across the
Grantor's remaining property so that the Grantee has access to the
property conveyed hereinabove from Xxxxxxxx Xxxx. This non-
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exclusive easement for ingress and egress shall be for the benefit of
the Grantee, its successors (including successors in title) and
assigns, but shall be located by the Grantors, their heirs, successors
(including successors in title), and assigns in their sole discretion
with traffic patterns as may be established, determined and changed by
the Grantors from time to time.
This being the same property conveyed to Xxxxx X. Dozer and wife,
Xxxxx X. Xxxxx, from the Bowling Xxxxx-Xxxxxx County Regional Airport
Board by deed dated 20 August 1998 and of record in Deed Book 767,
Page 857, in the office of the Xxxxxx County Clerk.
TO HAVE AND TO HOLD the above-described property, with all improvements
thereon and appurtenances thereunto belonging unto the Grantee, its successors
and assigns forever, with Covenants of General Warranty of Title; subject,
however, to all easements and grants heretofore made for public roads and public
utilities, to all applicable building and use restrictions of record including,
but not limited to, those of record in Plat Book 16, Page 144, Plat Book 25,
Page 165, Deed Book 475, Page 715, and Deed Book 767, Page 857, and to the rules
and regulations of the City-County Planning Commission of Xxxxxx County,
Kentucky.
IN TESTIMONY WHEREOF, witness the signature of the Grantors on the day
and date first above written.
/s/ Xxxxx X. Dozer
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XXXXX X. DOZER
/s/ Xxxxx X. Xxxxx
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XXXXX X. XXXXX
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COMMONWEALTH OF KENTUCKY
COUNTY OF XXXXXX
I, the undersigned, a Notary Public in and for the Commonwealth and
County aforesaid, do hereby certify that the foregoing Deed of Conveyance was
executed before me by Xxxxx X. Dozer and Xxxxx X. Xxxxx, who are personally
known to me, and signed and acknowledged by them to be their free act and deed.
Witness my hand on this the 8th day of October, 1998.
/s/ Xxxxx X. Xxxxxxx
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NOTARY PUBLIC, Ky., State-at-Large
My Commission Expires:
CERTIFICATE OF CONSIDERATION
The undersigned hereby swear and affirm, under penalty of perjury,
that the consideration recited in the foregoing Deed is the full actual
consideration paid or to be paid for the property transferred hereby.
GRANTORS: GRANTEE:
/s/ Xxxxx X. Dozer
----------------------------------- CITIZENS FIRST CORPORATION
XXXXX X. DOZER
/s/ Xxxxx X. Xxxxx BY: /s/ Xxxx X. Xxxxxx
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XXXXX X. XXXXX
COMMONWEALTH OF KENTUCKY
COUNTY OF XXXXXX
SUBSCRIBED AND SWORN TO before me by Xxxxx X. Dozer and Xxxxx X.
Xxxxx, on this 8th day of October, 1998, in Bowling Green, Kentucky.
/s/ Xxxxx X. Xxxxxxx
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NOTARY PUBLIC, Ky., State-at-Large
My Commission Expires: 2-11-2002
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COMMONWEALTH OF KENTUCKY
COUNTY OF XXXXXX
SUBSCRIBED AND SWORN TO before me by Citizens First
Corporation, by and through Xxxx Xxxxxx, its President, the Grantee, on this 8th
day of October, 1998, in Bowling Green, Kentucky.
/s/ Xxxxx X. Xxxxxxx
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NOTARY PUBLIC, Ky. State-at-Large
My Commission Expires: 2-11-2002
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PREPARED BY:
ENGLISH, XXXXX, PRIEST & XXXXXX
Attorneys at Law
0000 Xxxxxxx Xxxxxx, P. X. Xxx 000
Xxxxxxx Xxxxx, XX 00000-0000
Phone: (000) 000-0000
BY: /s/ Xxxxx X. Xxxxxxx
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XXXXX X. XXXXXXX
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