ASSIGNMENT OF CONTRACT
This Assignment of Contract is dated this 27th day of September, 1997 by
United Homes, Inc. ("United") in favor or Mirage, L.L.C.
WHEREAS, United has entered into a certain Real Estate Sales Agreement
(the "Contract") with Xxxxx Farm, Inc. for the purchase of certain vacant
land in Joliet, Illinois, and
WHEREAS, United desires to assign all of its right, title and interest in
the Contract to Mirage, L.L.C. for the sum of $1,032,000 evidenced by a
promissory note dated of even date herewith.
NOW THEREFOR, in consideration of the above premises, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
1. United hereby assigns, transfers and sets over to Mirage, L.L.C. all
of its right, title and interest in and to the Contract for the sum of
$1,032,000 evidenced by a promissory note
2. Mirage, L.L.C. hereby accepts the above assignment
IN WITNESS WHEREOF, the parties have executed this Assignment as of the
date first above written.
UNITED HOMES, INC.
BY /s/ Xxxxx X. Xxxxxxx
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MIRAGE, L.L.C.
BY /s/ Xxxxx Xxxxxx
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