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Home My WebLink About85- Warranty Deed 85- Frost AA & Pamela Deed . , ~ . . . " '. j' flr~ 88Ir.R.2:..:92 t! .; l ~ WARRANTy DEED FOR VALUE RECEIVED A. A. FROST and PAMELA S. FROST, husband and wife, of 815 Blackmore Place, Bozeman, Montana 597157, the grantors, do hereby grant, bargain, sell, convey and confirm unto CITY OF BOZEMAN, a municipal corporation, Bozeman, Montana 59715, the grantee, the following described property in Gallatin County, Montana, to-wit: Lot 8 in Block 5 of Graf's First Addition to Bozeman, Montana, according to the official plat thereof on file and of record in the office of the County Clerk and Recorder of Gallatin County, Montana. Subject to easements, rights of way, conditions, reservations and restrictive covenants of record or which may be ascertained from a visual inspection of the land, prior mineral and patent reservations and exceptions, prior water rights, taxes and other governmental charges and assessments accruing on and after January 1, 1985. TO HAVE AND TO HOLD the said premises, with their appurtenances unto the said grantee, its heirs and assigns forever, and the said grantors do hereby covenant to and with the said grantee, that they are the owners in fee simple of said p~emises: that they are free from all incumbrances except those no~ed above, and that they will warrant and defend the same from all "lawful claims whatsoever. ,~",,,j,w,,,,, '" 01\'1''$1) th is ~j , 1985. , \', \,.., 2,4 .~.~\' :-'..J . \ ~\\ ,; it~-~{~~:'Ir !.\ . . L#l<'" .~If.'~ , ,. ,\ " . '~'.':f. . ',Ii 1 t:...... 1'1. ' ~:r { ,:,<...~l / JI I t'7!lM /~ ,....J...l ~cl ~ ~~~i > I. . (<tj,,\~' ., .' , ~'.. .-,' '~~~,~.. ~':t,~: ~ ,/.:-. .,I,.:'~ . "~~'\':' '."" F MONTANA ) Vt;-'\.\:f.......... .... ) ss. ::t',<;tPurfty of Gallatin ) MI On th is 3- day of , 1985, before me, a Notary Public for the State of Mon na, ersonally appeared A. A. FROST and PAMELA S. FROST, husband and wi e, known to me to be the persons whose names are subscribed to the within instrument, and acknowledged to me that they executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal the day and year first above written. State of Montana. tana. ~ STATE OF MONTANA ) ) ss. 141906 County of Gallatin ) I hereby certify that this instrument was filed for record at the request of - - - atlO:35 ~~ o'clock <:I.. m., this 13th da~8of ,T1tly ,1985, in my office, and duly-recorded in Book of Deeds at page 2292 ~ w. ,'tintfc Gallatin Count lerk and Recorder By Mail to: City of Bozeman Fees: $ 5.00 When recorded return to: Warranty Deed - 1 . .. ',; .. GALLATIN CO BAR ASSOCIATION FORM NO.4 WARRANTY DEED fiLM ;; (JOINT 'l'ENANCY) For Value Received \S Eugene Graf, Jr. and Genevieve S. Graf, husband and wife, 0.- r:I.l the grantor s , do hereby grant, bargain, sell, convey and confirm unto j fa ~ A, A. Frost and Pamela S. Frost, husband and wife, -< ..J ~ ct ~ ;:J the grantees, as joint tenants (and not as tenants in common), and to the survivor of said Z named joint tenants, and their assigns, and to the heirs and assigns of such survivor, the ~ following described premises, in Gallatin County, Montana, to-wit: >- ~ l:L':: Lot 8 in Block 5 of Graf's First Addition to Bozeman, Montana, according to the official plat thereof on file and of record in the .office of the County Clerk and Recorder, Gallatin County, Montana. TO HAVE AND TO HOLD the said premises, with their appurtenances unto the said Grantees, as joint tenants with right of survivorship (and not as tenants in common) and their assigns, and to the heirR and assigns of the survivor of said named joint tenants forever. And the said GrantoJS do hereby convenant to and with the said Grantees, that t he y are the owners in fee simple of said premises; that they are free from all incumbrances and that theY will warrant and defend the same from all lawful claims whatsoever. INDEXED Dated: March 7 f 1978 PLAnED ------.-----------------.---- -.-- -.------- -------..----- .------..------- ." ,... . -' ...,~-- - - - - - - -~ - . - - - -- ~.~~. 104406 STATE OF MONTANA, COUNTY OF Gallatin STATE OF MONTANA, COUNTY OF Gallatin On this 7th day of March .1978, I hereby certify that this instrument was filed for record at before me,,~ntj'tatx~lic in and for said State, personally the request of appeare<i~. ..:,\:E.ii~~..'G;raf Jr ....v... 't~ · ... \. ~ , ' : " ' ". ,,:.'~'''J~' ~ 2:45 ~~ {--;/~~ '.. .1~vJ;. S. Graf at o'clockP m., this 3 day of December ~ '~..'[. ": ~ . kno~nt~, ,.~:;Jws whose name S 19 82. in my office, and duly recorded in Book 73 of Deeds at page 957 subscr~~tT!t'.'~,.~rl1ment, and acknowledged to fu(ilJt Ct. !~ me that"""~ .....~ executed the same. ""If,. .....~..::..:-' ____________________..___________~__._~~__ ~.._~~_r ._~n .~___________________~~__~. ,.__ __. __.__... _______ ___..___... County Clerk and Recorder .---."".~-xl~-~---.------.---- By_,~__L~___ ... Notary Public for the State of Montana Residing at Bozeman , Montana Deputy. My commission expires___11arclL3l______________. 19__8D. Mail to: American Land Title Fees $ 2. 00 p d ... e . . ,,' . , . .' , '""' ~ 0 t:l Z >- ~ ;d 1-3 C ;::c ~ 1-3 1-3 m > 0 ~ t;rj m z C > Z ttI Z t-< i:.i ~ t-< - ~ ~ g; '1 (I) n 0 '1 Q.. (I) Q.. '1 (I) M- J:: '"'l ~ M- 0 .. . , .' - .-. " .- .. " - - " " . ,. .~_. ...~. . ~~ .......... ---.... - "." .- , " .' --...... '. ',,, . .. AUG 261985' TRANSMITTAL LETTER , I , PROFESSIONAL BUILDING P.O. BOX 396 PHONE (406) 5B7.5563 BOZEMAN, MONTANA 59715 CITY OF BOZEMAN CITY HALL BOZEMAN MT 59715 ATTN MARY CRUMBAKER-SMITH Date Out: Order No. 1-27445-CJS Reference: City In connection with the above transaction, we enclose: ( ) Purchasers <xxxx.) Policy of Title Insurance (xxxx ) Owners ( ) Standard Loan - ( ) ALTA Loan ( - ) Vendor's Equity - ( - ) Endorsement{s) ( ) Deed - ( ) Notice of Purchasers Interest - ( - ) Trust Indenture I Deed of Trust I Mortgage ( - ) Assignment ( - ) Satisfaction I Reconveyance ( -) ( - ) ( - ) ( - ) Extra copies of documents which you requested ( - ) Receipted Tax Bill ( - ) Copy of inspection drawing ( ) B11l - ( ) Refund: our check II in the amount of - Thank you for giving us the opportunity of serving you. AMERICAN LAND TITLE COMPANY Tom Cahill Examiner 7DCD . - . .. ;, ~ . . . :i'.. I ; kwyers lltle Insurance (9rporation NATIONAL HEADQUARTERS RICHMOND. VIRGINIA STANDARD COVERAGE POLICY SCHEDULE A AMOUNT EFFECTIVE DATE $25,500.00 July 9, 1985 Premium 165.00 at 10: 35 A.M. INSURED CITY OF BOZEMAN, a municipal corporation 1. The title to the fee simple estate or interest in the land described below is at the date hereof vested in: City of Bozeman, a municipal corporation 2. The land referred to in this policy is described os follows; Lot 8 in Block 5 of Graf's First A.ddition to Bozeman, Gallatin County, Montana, according to the official plat thereof on ...... fi.le and of record in the office of the County Clerk and Recorder of Gallatin County, Montana. AMERICAN LAND TITLE COMPANY 1-27445-CJS Countersigned: Issued at: Bozeman MT Page 1 of Sc;hed. A-Pol No. 74-00.. 022289 POL. FORM -74 SC;HEDULE A.L1THO IN U.S.A. ORIGINAL STANDARD COVERAGE POLlC;Y.1969 035-0.074-0000/1 .. .... .. -. . . 1 ,. - . . . ..~~~ .. ,. :~sa~~v ~Uep!SeJd ~Jl'0-PO'LQ ,.. UOnOJ~ g 901 9JllL S.la<nmJ . , . . 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JO 'paJnSUI 4::lns JO S9^HO~UasaJdaJ 10uosJad 'saas!^ap 'SJ!94 a4~ 'V 91npa4::lS U! paJnsul so pawou sa!pod a4~ s<JJnSUI Aq<JJ<JH 'A:;)!IOd S!4~ JOl Plod uOHoJap!suO:;) alqonlo^ 0 JOI 'Auodwo) a4~ pallo:;) u!aJa4 'uo!~oJodJo:;) 0!u!6J!^ 0 'UOneJod.lO;) aaUeJnSUI anl.L SJaAM. e1: 'v'INI8l:l1^ 'ONOII\IH:)Il:l - SlBll:l'v'nOO'v'3H 1'v'NOI1'v'N UOngJOcUV~~Ul]JnSUI ~IJ!L SJQNnOJ AJIlOd 3~VH3^OJ aHVaNV 1S 6961' A::ll10d ~VVll~^OJ O~YONV 15 Ys'n I'll OHlll 'l W~(),j AJIlOd ../ I Service available throughout the National Oivi sian, Branch and United States, Puerto Rico, the Agency offices and Approved U.s. Virgin Islands and Canada. Attorneys located throughout the operating territory as shown . - .-. on the map. .' ""'0- kWyers lltle Insurance (9rporation NATIONAL HEAOQUARTERS - RICHMONO, VIRGINIA ~ Er fQ) :::i :0::1 CIJ l~ =- - 0 c c:: "" ~ z a ~ ,.... ~~ ~ CD S C? z~~., rJ'J 0 __ P)> t)'" ,." ,- .....,.. . <o~ ~ ~ n ~~l'_J a '< - -l 5 ....... :s )>m :i -- n ~ CD C'D A word 01 thanks to our insured. . . . . As we make your policy a part of our perman~nt records, we want to express our appreciation of this evidence of your faith in lawyers Title Insurance Corporation. There is no recurring premium. This policy provides valuable title protection and we suggest you keep it in a safe place where it will be readily available for future reference, If you have any questions about the protection provided by this policy or wish to contact us for any other reason, contact the office that issued your policy or you may write to: Consumer Affairs Department k,wyers lltle InsuranceC9rporaUon P.O. 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Auod -WO::> a41 peW!Dp S! ~I lj'!ljM JOI a60wop JO SSOI Auo 10 6UU!JM U! ~uewe~o~s 0 '(q)". 4doJ60Jod Jepun peJ!nbaJ Sa'!IOU e4~ o~ UO!HPPO UI uOII:>>Y .0 UOIIDllwl1-uo, to e:>>lIoN "' mnNIlNO:>-SNOI1VlndllS G1NV SNOIlIONOJ . " .. .. .. .. .. . . - ,.-. .-. --.----- .' - -" ." . . , POL. FORM 74.CONDITIONS AND STIPULATIONS LITHO IN U.S.A, STANDARD COV~RAG~ POLICY.1969 kwyers litle Insurance (9rporation NATIONAL HEADQUARTERS --,- RICHMOND, VIRGINIA CONDITIONS AND STIPULATIONS 1. DefInItIon of Terms The following terms when used in this policy mean; in Schedule A and improvements affixed thereto which by law constitute (a) "land"; the land described, specifically or by reference real property;. . (b) "public records"~, tl16se records which Impart cbnstructive notice of matters relating to said land; (c) "knowledge"; actual knowledge, not constructive knowledge or notice which may be imputed to the Insured by reason of any' publ ic records; (d) "date": the effective dat&; (e) "mortgage"; mortgage, deed of trust, trust deed, or other security Instrument; and (f) "insvred"; the party. or parties herein designated os Insured, and if the owner of the indebtedness secured by a mortgage shown in Schedule B is named os On Insured In Schedule I'i, the Insured shall include (1) each successor in interest in ownership of such in- debtedness, (2) any such owner who acquires the estate- or interest referred to in this policy by forecloSure, tr-",stee's sale, or other legal man- ner in satisfaction of said ,indebtedness, and ,(3l.any federal agency or instrumentality which is on. insurer or guarantor under an insvrance contract or guarant)' insuring or guaranteeing said indebtedness, or any part thefeof, whether named as on Insured~herein or not. 2. BenefIts After Actlulsl,tlon of TItle . . . If .an insured.owner of the indebtedness secured by .0 mortgage described in Schedvle,. B acquires said estate or interest, or any pari thereof, by foreclosure, trustee's sole,' or other legal manner in satisfaction of said indebtedness, or any part thereof, or 'if 0 federal agency or instrumentality acquires said estate or interest, or any port thereof, as a consequence of on insurance contract or guaranty insuring or guaron. teeing the indebtedness sel:ure<!' by-.a mortgage covered by this poli~r- or any part thereof, this policy shall continue in force in favor of such Insured, agency or instrurn.erl.tality, subject to all. of the .colJditions .an stipu1atio,"s.. hereof... ., . '," . 3. b:clusloIJ,s From the Coverage' of Thl,s Polley This policy does not 'insure against loss or damage by reason of the foHowlng: (0) ~ny ~I_aw, ordinance or governmental regulotlqn,' (.including but .not .limited to building o::ind >;oningordinonces) restricting or regulating or prohil:iiting the occuponcJ' use or enjoyment of th", '<:md, or regulallng the character, dimensions, or location of any improvement now or hereafter erected on said Ian , or prohibiting a separation in ownership or 0 reduction in the dimensions or area of any lot or parcel of land. . - .' .... ~ 7 (b) Governmental rights of police power or emin,ent. dQmainunl",ssn,oticeof judicial action to exercise such rights appears in the public records at the dote hereof.' ,.,'.. .." ...., ). . . ' " ',- . ' (c) Title to any property beyond the lines of the land expressly described in Schedule A, or title to streets, roads, avenues, lones, ways or waterways on which such land .abuts, or the rlghtt,o,maintC]I"l therein vQults, tunnels, romps or any other structure or improvement; or any rights or easements therein unless ,this' policy speciflecllly'provh:lesthotsuch proper.y, rights or easements are insured, except that if the land abuts upon one. or more physically open streets or,higbwaysthil' policy insures the ordinary rights of abutting owners for access to one of such streets or highways, unless otherwise excepted or excludoid herei'1' (d) Defects, liens, encumbrances, odverse claims against the title ds insured or other matters (1) created, suffered, assumed or agreed to by the Insured; or (2) known to the Insured eith~r at the date.of this policy or at the date such Insured acquired On estate. or in- terest insured by this. policy and not s'hown by the public records, unless disclosure thereof in writing by th& Insured shall have been made to the Company prior to the dote of this policy; or (3) resulting in no loss to the Insured; or (4) attaching or created subsequent to the dote loereof; or (5) mechanics' or moterialmen's liens not shown of record ot the dote hereof. ' (e) Claims against, the,estat-e or interest of.an individllQI II?!luredbosed upon the homestead, community property, dower, curtesy or other statutory marital rights Qf the spouse of any such Ins.ured.. ..... . ., (f) Loss ordomage whiCh would not hdve been sustaindd If'the Insured were a purchaser or encumbrancer for volue without knowleclge. . (g) Usury or claims of usury. (h) "Consumer credit protection," "truth in lending" or simH(lf law. 4. Defense ond Prosecution of Ad19n5--Notlce of Clolm to be GI_n by the Insured ' (a) The Company, at its own cost pnd without undue delay shall provide 1) for the defense of the Insured in all liti9ation consisting of actions or proceedings' commenced against the Insured, or defenses, resiraining orders, or injunctions interposed agoinst a foreclosure or sale of the indebtedness secured by a mortgage covered by this policy or 0 sole of the estate or interest in said !and; or (2) for such action as may be appropriate to establish the title of the estate or interest or the lien of the mortgage os insured, which litigation or action in any of such events is founded upon on alleged defect, lien or encumbrance insured against by this policy, and may pursue any litigation to final determination in the court of last resort. ' (b) In case any such oct ion or /-roceeding shall be begun, or defense interposed, or in case knowledge shall come to the Insured of any claim of title or interest which is a verse to the title of the estate or interest or lien of the mortgage os insured, or which might COuSe loss or damage for which the Company shall or may b. lioble by virtue of this policy, or if the Insured shall in good faith contract to sell the indebtedness secured by a mortgage covered by this policy, or, if an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at 0 foreclosure sale under a mortgage covered by this policy refuses to purchase and in any such event the title to said estate or interest is rejected as unmarketable, the Insured shall notify the Company thereof in writing. If such notice sholl not be given to the Company within ten days of the receipt of process or pleadings or if the Insured sholl not, in writing, promptly notify the Com- pany of any defect, lien or encumbrance insured against which shall come to the knowledge of the Insured, or if the Insured shall not, in writin9' promptly notify the Company of any svch rejection by reason of claimed un marketability of title, then all !lability of the Company in regar to the subject matter of such action, proceeding or matter sholl cease and terminate; provided, however, the failure to notify sholl in no case prejudice the claim of any Insured unless the Company shall be actually prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost to institute and prosecute any action or proceeding or do any other act which in its opinion may be necessary or desirable to establish the title of the estate or interest or the lien of the mortgage os insured; and the Company ma~ take any appropriate action under the terms of this policy whether or not it sholl be liable thereunder and shall not thereby concede liabi ity or waive any provision of this policy. (d) In all cases where this policy permits or requires the Company to prosecute or provide for the defense or any action or proceeding, the Insured sholl secure to it the right to so prosecute or provide defense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the nome of the Insured for such purpose. Whenever requested by the Company the Insured shall give the Company all assistance in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or prosecuting or defending such action or proceeding, and the Company shall reimburse the Insured for any expense so incurred. 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" . . - - --.- ".- - -- .- - _..--'~---"_. - --_on _ . - ' , POST OFFICE BOX 396 27 NORTH TRACY, BOZEMAN, MONTANA 59715 PHONE (406) 587-5563 or 586-3112 C!tommitment jfor mitle 3Jn~uranre r DATE: July 2, 1985 ORDER NO. 1-27445-CJS (City of Bozeman) PREPARED FOR: NASH WELL COME LAW OFFICES ATTN AL FROST P 0 BOX 1330 BOZEMAN MT 59715 cc: ALTC ESCROW DEPARTMENT 1 Office location 4 Transacrion Code 7 Endorsement Code 10 State Code 13 Sou~r.f! of BUSiness COMMITMENT: 2 Date Income Reported 5 LlabllltV 8 Endorsement Chargp. 11 County Code 14 CommissIon/Retention 3 Case Number 6 Charg/;:! 9 Total Revenue 12 Property Iype I' Efj" , I I: . 13 I: I: I: I~ ., 11 13 kwyers l1tle Insurance (9rpora t ion National Headquarters Richmond, Virginia COMMITMENT FOR TITLE INSURANCE SCHEDULE A 1. Effective Date June 20, 1985 at 8:00 A.M. Case No. 2. Policy or policies to be issued: (a) Standard Coverage Owners Policy - 1969 Amount$ 25,500.00 o ALTA Owner's Policy-Form B-1970 (Rev. 10-17-70) Premium $165.00 o ALTA Residential Title Insurance Policy-1979 Proposed insured: City of Bozeman (b) ALTA Loan Policy, 1970 (Rev, 10-17-70) Amount $ Proposed insured: (c) Amount $ Proposed insured: 3. Title to the estate or interest in the land described or referred to in this Commitment isat A. A. Frost and Pamela S. Frost, 4. The land referred to in this Commitment is described as follows: Lot 8 in Block 5 of Graf's First Addition to Bozeman, Gallatin County, Montana. according to the official plat thereof on file and of record in the office of the County Clerk and Recorder of Gallatin County, Montana. Countersigned at Bozeman. Montana Commitment No. 1_?7445-C1S AMERICAN LAND TITLE COMPANY Schedule A-Page 1 ~~r"~~-' This commitment is invalid unless the Insuring Provisions and Sched- Authori d OffIcer or Agent ules A and B are attached. Form No. 91-88 (SCH. A) 035-1-088-0001/3 ORIGINAL , . kwyers lltle 'lnsurance (9rporation NATIONAL HEADQUARTERS RICHMOND, VIRGINIA SCHEDULE B cont'd, 10. Right of Way Easement sewer and water lines to The City of Bozeman, recorded May 25, 1979 in Film 50, page 966, records of Gallatin County, Montana. Said easement being for the purpose of installing, operating, using, repairing, replacing, maintaining and removing said sewer and water lines being 30' in width with all rights of ingress and egress. 11. Quit Claim Deed to Sour Dough Power Cooperative recorded June 8, 1940 in Book 83 of Deeds, page 616, records of Gallatin Gc:,'l~tl~r' Montana. Said easement being for a right of way for electrical transmlss:l.9J:'llines. 7LJS Schedule B Page 2 No. 1-27445-CJS 035-1-999-0040/2 ORIGINAL Litho in U.S.A. . kwyers l1t1e Insurance C9rpora tion . . . . , . . National Headquarters Richmond, Virginia COMMITMENT FOR TITLE INSURANCE LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, herein called the Company, for valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time ofthe issuance ofthis Commitment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate six (6) months after the effective date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the Company. This Commitment shall not be valid or binding until countersigned by an authorized officer or agent. IN WITNESS WHEREOF, the Company has caused this Commitment to be signed and sealed, to become valid when countersigned by an authorized officer or agent of the Company, all in accordance with its By-Laws. This Commitment is effective as of the date shown in Schedule A as "Effeptive Date." CONDITIONS AND STIPULATIONS 1 . The term "mortgage," when used herein,shall in~UQIilc:leed of trust, trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B ofthis Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions and the Conditions and Stipulations and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. .lmvYers l1t1e I~ (9rponsnon OlMc, ~ President Attest: ftaL/;;~ Secretary. 9090880 l (,,,0 lL3^O:Jl.lAJ A>lJOlJ 88-l6 . . .. . .. . . . . ~ 0 (f >-:l n - ....... (j~ :: E ~ z "" ....... O~ :0 '" c M ii' c:'. iJ '< 7 ~ :r g :: ....... '7 ~ 3 '" I'l (0 :z'Tj....... o - It .0""'" ~ if ("'J "'1 ~~ j 0 - '" 0 C/) < c. ., ~ ....... C :::; .g ";I >-- tTl ~. III 0 :::1 :J -. ., :z ::Z:2 -, - => OJ ~ =. < >-:l 0 - (j ~ :: - tTl > ro i--! ~ . , ' I I, ' " , , ^ ) :,f, , . GRAF S FIRST SUB: --t. 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EARNEST MONEY RECEIPT AND AGREEMENT TO SELL AND PURCHASE Bozeman, Montana June 14, 1985 RECEIVED FROM the City of Bozeman, hereinafter called Purchaser, the sum of Five Hundred Dollars ($500) paid to Sellers as earnest money in part payment of the purchase of the following described real estate in the City of Bozeman, County of Gallatin, State of Montana, to-wit: Lot 8 in Block 5 of Graf's First subdivision to the City of Bozeman according to the official plat thereof now on file and of record in the office of the Clerk and Recorder of Gallatin County, Montana. The total purchase price is Twenty-Five Thousand Three Hundred Ninety-One and 13/100 Dollars ($25,391.13) payable as follows: (a) Five Hundred Dollars ($500) as earnest money on the signing of this agreement. (b) Twenty-Four Thousand Eight Hundred Ninety-One and 13/100 Dollars ($24,891.13) in cash upon delivery of the deed at the date at the closing. 1. It is agreed that the Sellers shall, upon execution of this agreement, seek the immediate termination of the Temporary Restraining Order dated June 7, 1985, and currently in force pursuant to an Order in the District Court of the Eighteenth Judicial District of the State of Montana, in and for the County of Gallatin, in Case No. DV-85-455. 2. It is further agreed that the Sellers shall at their expense furnish Purchaser with a title insurance policy in an amount equal to the purchase price, insuring title thereto vested in Purchaser, free and clear of all liens and encumbrances except current taxes and assessments. 3. The real property is to be conveyed by Warranty Deed, free and clear of all encumbrances except current taxes and assessments. . . . . ;. . . . 4. If Sellers' title is not merchantable or insurable and cannot be made so within a reasonable time after written notice containing statement of defects as delivered to Sellers, then said earnest money herein receipted for shall be returned to the Purchaser on demand and all rights of Purchaser terminated unless Purchaser waives said defects and elects to purchase. 5. If said title is merchantable or insurable and Purchaser neglects or refuses to complete the purchase or shall fail to pay the balance of the purchase price as herein above provided, then said earnest money shall be forfeited to the Sellers as liquidated damages and not as a penalty, and this agreement thereupon shall be of no further force or effect unless the Sellers elect to enforce this agreement by requiring the Purchaser to perform in accordance with the terms of this contract. 6. The Purchaser agrees that this contract does authorize the Sellers to enforce the remedy of specific performance. The Sellers agree that this contract does authorize the Purchaser to enforce the remedy of specific performance. 7. Purchaser agrees to assume the taxes and assessments for the current tax year plus interest. (The Sellers and Purchaser deducted Sellers' pro rata share of said taxes and interest from the purchase price.) 8. Purchaser will pay for the recording of the deed. 9. Upon the completion of closing, Sellers agree that they shall seek the immediate dismissal of the Complaint dated June 7, 1985, filed in the District Court of the Eighteenth Judicial District of the State of Montana, in and for the County of Gallatin, as Case No. DV-85-4S5. 10. The closing date of this sale shall be on or before July 3, 1985. 11. Possession shall be delivered to Purchaser on date of closing. -2- .. . : .. " . . . . . . . 12. Purchaser enters into this agreement in full reliance upon its independent investigation and judgment and there are no verbal or other agreements which modify or affect this agreement. 13. Time is of the essence of this agreement. The agreement is binding upon the heirs, executors, administrators, successors and assigns of each of the parties hereto. The City of Bozeman hereby agrees to purchase the above-described real estate property at the firm price and on the terms and conditions set forth above. CITY OF BOZEMAN BY~ G.lJ~ Its City Manager ATTEST: ~dz. dh~ Clerk of Commission For valuable consideration, we agree to sell and convey to the Purchaser the above-described property on the terms and conditions hereinabove stated. SELLERS: &t-;J ~/ Zz-r Albert'A. Fr . P me1a S. Frost - .. -3-