HomeMy WebLinkAbout71- Aldburg Easement
I ,
...
..... I
'"
. I ~ .
I
~
ASS I G N T-! E ~1 T
--
ASSIGN!1:ENT and AGREENEN'I' made and sntered into this _.0_
day of October, 1971, by and between ALDBURG, INC. , a Corporation,
with its principal place of business at ~ozeman, ;'10n tana, llereinafter
referred to as "P.ldburg" , aZ\.RGUERPl'S iZL:U:, a single woman, herein-
,".f"t.er :c.:::,f;;~rr:::,a '[:0 as n-,-".. I. U and .~mGI~.,'rc (:;1(1:1.:;:', J"i~;.. I 2trlG <:::.J'.j~:.,J}~,;\lIi:~\rE S..
L\lrJ-;: ,
GRAF, husband and wife, hereinafter referred to as "Graf", and FI!:Z-8T
:~1-'I.'I'IONAL :dANK IN BOZEl-IAU, a National Banking Corporation, of Bozeman,
Hon tana, hereinafter referred to as "Bank", all of Bozeman, ~.1ol1tana;
NIT N E S SET H :
WEE REA.S , the parties hereto have heretofore entered into an
Agreement giving the City of Bozeman, 1'1011 tana, certain easements and
right-of-ways for the purpose of installing, operating, using, repair-
ing, placing, rilaintaining and removing trunk Hater n:ains and sewer
mains and appurtenances i:.hen~to upon certain lands located i.n :.'lock
Three (3) , in Block Four (4) of Kirk Subdivision No. 4, in the City
of bozeman, 1:Ion .tan a i and
\vliEREAS , the City of Bozeman has agreed to pay the SUl1 of
'I"im TiiOUSAND FIVE HUNDRED NIl~ETY -SEVEN DOLLARS AND EIGET CENTS
($2,597.08) , in consideration for the granting of said casements; a!1d
HHEREAS, Bank holds title to the properties described in
Exhibit "A", attached hereto and by this reference made a part hereof,
which said Trust bears date May 5, 1965, wherein Kirk is first bene-
ficiary, Graf is second beneficiary, and Bank is Trustee; and
I'lliE REAS , Graf on December 19, 1969, entered into an Agree-
r.lent which \Vas assigned to, and is now owned by, }\l dburg , Inc. , for
the purchase of certain of said lands the subject of said trust afore-
said; and
\'vHEREl'1.S, the City of Bozeman, is going to pay a total of
THO 'rHOUSAND FIVE HUNDRED NINETY-SEVEN DOLLARS I:..ND EIGHT CENTS
($2,597.08) , as and for said easement; and
LAW OFFICES
DRYSDALE &: McLEAN
P. O. BOx 1122
SUlTIi: 314 FIRST NATIONAL BANK BUILDING
BOZEMAN. MONTANA !l9711$
TELEPHONI!: 587-4428
1
,
.';r-L~R,~.M~ , said Trust provides that said easements shall be
,
..
released to Graf upon the payment of OlE T~WU:)Mm NilJI:;~ Eu;mRLD ;;,~~r~NTY
, .
,- '-DOLLAR:, JIND ;>~VC;NTY-T1jm:;~ CSNTS (~~l,970. 73); and
WHJ!:R;~.iI:; , it is the desire of the parties hereto to dedi-
cate said lands described in ~xhibit "A". as a public street; and
WF...8REM.; , it is the desire of the par ti e 5 here to to assign
and allocate the r.1oneys to be received frOm the City of Bozeman,
and to reduce the S8-'lle to wri ting.
NOW, TJ-L,REE'ORE , in consideration of the premi se 5 and in con-
sideration of the Agreements hereinafter to be ;,e pt And .r>e rformed b?
the parties hereto it is agreed as follows:
L JIll of the parties hereto shall execute the attached
Warranty Deed.
2. Kirk authorizes :3Ank to exe cu te said Warrnnty ~eed as
Trus tee.
3. Graf and Aldburg, Inc. , assign all mOneys to be re-
ceived on said easement, to-wit: TWO TEOUSJlND FIVE EU~mRED KIN:SfrY-
S:J.;V.i:;N DOLLAR;':' .AND .d: IGHT CENTS ($2,597.08) , to Kirk.
4. Kirk agrees that the sum of ONE THOU3.AND N~ll[r!: FUNDBJ:D
S;~VENTY DOLLARS AND SZV::1JTY-THREE CENTS ($1,970.73) shell be applied
against and reduce the principal bolance due her by Grof under said
'11ru~~;t wherGin D.s.n~,; is 'i'ru s tee.
5. Aldburg agrees that of said su.." of TWO THOUSAND ~IVE
F!UlmR~D IHN3:'l'Y-3EVlm DOLLAR::; AlJD :;IGHT CEETS 02,597.08) , to be
paid to Kirk, ON3 'l'HOUSAND NINE FUNDRZD ;~C:;V':N TY DOLLJlRc' AND ::,in.~NTY-
IrT:R"It;':~ GENT::) ($1,970.73) , shall apply to or reduce the balsnce
due by Aldburg under sai d Agreemen t. All parties authorize and
I original of Exhibit "A" .
ratify said Bank s execution of the
6. The parties hereto instruct said :ity of Bozeman to
2ay the said Kirk directly the said sum of '1'\'10 'l'EOU'"MrD }'IV_Ii: HUNDJbD
.. 'It'/" l
C1A:i<UC,-'-1' ~(,.C
4 ,.<7 ~(~
!0/ j)'[{(cc/:7!f-c .,' '
Z-')~~2 J
j)JI. furL-
, ..
.j.., J
. ,. .. III "
.
..
NINETY-SEVEN DOLLARS AND EIGHT CENTS ($2,597.08). Kirk, Graf and
Aldburg direct Bank upon payment to Kirk of said sum of TWO THOUSAND
FIVE ~1:UNDP.ED lUNETY-:~EVEN DOLLARS AND EIGHT CENTS ($2,~597 ..~8), tQ:;';;/1 p7.. .,
c;/ $ / c; 7 c / 73 @-r:,7-l ' (l.J2~,ekk-t1 cJI-1,U- 1c>'?'}'l tit..ltk .~_'
credit said swn againsf the balance due Kirk by Graf under said Trust -
Agreement in said last mentioned amount, and to reduce the balance due
g}7a..'f.. b.~y Ald.l?U:t;~ . un?er tt:e..~r ,sa. id Agre..en.,:.".:nt in ,tb..~. ep:'.'IO. J1.nt o-f.. .p:.i?ni.JiJ-
? I /J C/ 7 t, l? 'C-""Z'--;?7 ,.' tl k..;;:it:. ,t.--r;/ I-rL( j:) 777 t'lIzCtl t';'" ..,)
DWn ~Y-~rx- DOLLttftS AND -'9?lIIlcrY Flvl::; Cl:a'lTS (~ 6". 5). lUdburg and
Graf further authorize Kirk to receipt for said sum received from
said City in their nrone, the same in effect as if Aldburg and Graf
themselves had done so, and in like manner to endorse the draft,
check or order of payment for the same as their attorney in fact.
IN WITNESS ~nfEREOF, the parties hereto have hereunto set
their hands the day and year first above written.
9k~ar/-d~~~
~1A-"R.GUE '_. TE KIRK
C":'
...-" ,.,........-1-
'Gmri~F:t>~~'1>'l--4~1~'-"7
F~LDB. u.......R..:~. '.. I~C., a rl~~:tana corPFation,
BY : . {G~}i",Z;71"". !~, ,/ /1 r;,L..--c'l' f.-X.
(Corporate Seal) Pres~dent
AT'I'J~ST :
- i !
.. ,:, ,",} I ~"'" ",/:. I ~",
. ',"( 9' t~:..Ll- ",;","1 iJ,c(1 () l / ..'
r Secretary l
FIRST NATIONAL Bk~K IN, BOZEMlu~, a National
Banking corporation, "
BY: ti CA..^-l...,\..,"~ Vv'" *:/'~',( " ___
(CorpOrate ",peal ../ . ." ,.""'"(.:-; '. I?,resi~,t.-
:~ / .,{, ,',' \w<;. V en x I CL- \.
"m,l..o")'t:!.r;"" "" /
~,~;;;1;;t;;/:. ,//' "
.'l' 'l/.... .... ft.' / <-:' .'~ /.'., ..;">f", //
I --:;:.. t.; :'".~ ,.. ,~, . "" "~6 / &. ./.:t'c.: ./ (....-
-seeY~..y . GA.Wilel
LAW OFFICES
DRYSDALE & McLEAN
P. o. Box 1122
SUITE 314 FIRST NATIONAL BANK BUILDING
BOZEMAN. MONTANA 159718
TELEPHONE 587,44215
3