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H ‘ ‘ W | JO 7"5 _~\’ / I.
E MOUNTAIN INVESTMENT, INC.
I . By
7 PreSIaent

 . “"“ ~ I .
"“'-”1”"; ' gems/113m OF PURCHASE
: THIS AGREEMENT, made and entered into as bf the. 31m .
1 day of August , l9_jf1_3 by and between Mountain
Investment, Inc., herein called "Owner” and Delbert Davis and
Opal Davis, his wife herein called ”Buyer." '
W I T N E S S E T H:
_ THAT WHEREAS ”Owner” has offered to sell to ”Buyer” Lot No.
' 18 located in its Wheelwright Sub—division, Floyd County,
Kentucky, as shown on map or plat in File 348, Floyd County Court
Clerk's Office, and improvements thereon except as hereinafter set .
‘ out, for the sum28r0$ 300.00 , and, in addition ”Buyer” shall .
pay the sum of $X6§¥é§ closing costs and $30.00 for survey plat to
be supplied by ”Owner”, all of which is to be paid as follows:
' $ 350.00 down payment, the receipt of which is here~
” ‘ ' sysaaamea'g’éa, agat'hé't'aiame'are"0 ',‘(Tvi'hich items; I
I closing costs and the survey plat cost) on date of closing, and ' '
upon delivery of deed of conveyance to ”Buyer" with covenant of
General Warranty of Title, subject to the exceptions and reser~ I
. vations contained in those two instruments of conveyance from ”
1 0 Island Creek Coal Company to "Owner”, referred to herein for source
1 of title and which are dated November 9, 1966, and recorded in Deed
Book 191 at page 504, and ALSO in those certain deeds executed by
- "Owner" to Harold Telephone_Company and Tel~Com., Inc. dated 1
June 15, 1967 and recorded in Deed Book 193 at pages 271, 273, and
275; records of the Floyd County Court Clerk's Office, and ALSO
deed of conveyance from ”Owner” to Kentucky Power Company dated
December 29, 1967, and of record in Deed Book 195 at page 425,
records of the Floyd County Court Clerk's Offices
It is agreed that time is of the essence of this agreement
and that this transaction shall be closed, all money due hereunder
shall be paid to ”Owner” and the deed herein provided for shall be _
delivered to “Buyer” on or before AU8U$t 313 1976 I. In event
"Buyer" does no pay the balance as herein provided on or before
the closing date then the down payment herein provided shall be
retained by ”Owner" as liquidated damages hereunder, and this
agreement is then void. '
Taxes at the rate of $1.50 per $100.00 of selling price shall
be prorated to the date of closing and taxes for the unexpired portion of
the year following date of closing shall also be paid by "Buyer” to
"Owner" on closing. All unpaid rents and utility bills due ”Owner”
shall also be paid at date of closing.
(Form 69~17~Page l) — 2

 l y . ‘).
I - I .
j l
The ciosing shall be at Offices of Mt. Investments, Inc.
_MWEWEXMW__N__~___*_~%
At the time of ciosing aii rents and utiiities due by ”Buyer“
to “Owner” shaii be fuiiy paid" Aii rents on said property shai! be adiust~
ed pro—rata to the date of closing.
Possession will be given “Buyeﬂ' on ALH§JSt 3]” 1976 .
__W_.__~*.__________sﬁm_
Any further notice necessary under this agreement may be seng'
by maii to the last known address of the party to be notifiedo 4 4
The words ”Buyer” and ”Owner” herein empioyed shaii be con— ' 4
_7‘ _ . stzued to inciude the piural as wall as the singuiar, and this contract shaii ‘
be bindin u on their heirs administrators exeCUtors successors and as-
Q J ) )
signs, and the masculine shai] incibde the Feminine and neuter, where the
context so admits or requiresu» 4
4 - IN WITNESS WHEREOF, “Owner“ has caused this instrument to be .
executed by its duly authorized officers and ”Buyeﬂ' has duly executed same -
as of the day and year first above writteno‘ ‘
4 .. _ . :MOUNTAIN INVESTMENT3 INC.a
ATTEST:__ g"v - - 1' 4 ' - '
" *I435d;"a “ . ‘~ ‘.7' I 4' President . ‘
4 ‘ f§,'£9 Secr8tary43‘ _ 4 7 > -: 4
I i I _ i i /~,7 77 O > '
/ / l/ _ /< 4/ i ‘
. I ' “Buyer-i!
. 4 . / 4 ; ‘ /
_ “Buyer“
{Form 69—17 page 2) ~

 »ﬁ. ggREM/iENT OF PURCHASE
THIS AGREEMENT, made and entered into as of the Blst .
day of July , l9;ﬂi_~, by and between Mountain
Investment, Inc., herein called "Owner” and IDelbert Davis and
Opal Davis, hiS Wife “.herein called "Buyer."
W I T N E S S E T H:
_ THAT WHEREAS "Owner" has offered to sell to “Buyer" Lot No.

18 located in its Wheelwright Sub—division, Floyd County,
Kentucky, as shown on map or plat in File 348, Floyd County Court
Clerk's Office, and improvements thereon except as hereinafter set .
out, for the sungﬁc§300.00 , and, in addition ”Buyer" shall
pay the sum of §¥6¥X66 closing costs and $30.00 for survey plat to_
be supplied by ”Owner”, all of which is to be paid as follows: I

$ 350.00 down payment, the receipt of which is here—

” " by 'aakm‘smea‘ge’a', aa‘a“>ahé”taiahce‘are ” O ' ._ ,"(lih‘i'ch includes H 6 V K
I closing costs and the survey plat cost) on date of closing, and
upon delivery of deed of conveyance to ”Buyer" with covenant of
General Warranty of Title, subject to the exceptions and reser— V
vations contained in those two instruments of conveyance from '-
. . Island Creek Coal Company to "Owner”, referred to herein for source
of title and which are dated November 9, 1966, and recorded in Deed
Book 191 at page 504, and ALSO in those certain deeds executed by
"Owner" to Harold Telephone Company and Tel~Com., Inc. dated _ A
June 15, 1967 and recorded in Deed Book 193 at pages 271, 273, and
275, records of the Floyd County Court Clerk‘s Office, and ALSO V
deed of conveyance from "Owner" to Kentucky Power Company dated
December 29, 1967, and of record in Deed Book 195 at page 425,
records of the Floyd County Court Clerk's Office, ‘

It is agreed that time is of the essence of this agreement
and that this transaction shall be closed, all money due hereunder
shall be paid to “Owner” and the deed herein provided for shall be

. delivered to ”Buyer" on or before AUEUSt 31: 1976 V. In event
“Buyer" does no pay the balance as herein provided on or before
- the closing date then the down payment herein provided shall be
retained by ”Owner” as liquidated damages hereunder, and this
agreement is then void. I .

Taxes at the rate of $1.50 per $100.00 of selling price shall
be prorated to the date of closing and taxes for the unexpired portion of
the year following date of closing shall also be paid by ”Buyer" to
”Owner” on closing. All unpaid rents and utility bills due "Owner"
shall also be paid at date of closing.

(Form 69—17—Page l) — 2 V

 l . .g .
i The closing shall be at} Offices of Mountainﬁjnvestrunents, Inc.
__ Wheelwright, Ky. _ _H ~__ __ __
At the time of closing all rents and u:ilities due by ”Buyer“
to “Owner“ shall be fully paid" All rents on said property shall be ediust~
ed pro-rate to the date of closing.
Possession will be given “Buyer“ on __Aigust 31, 1976 “___.
‘ Any further notice necessary under this agreement may be sent;
by mail to the last known address of the party to be notifiedp ; k
The words “Buyer” and “Owner“ herein employed shall be con~ "
_V_ 7 stfued to include the plural as well as the singular, and this contract shall i
be binding upon their heirs, administrators, exeCutors, successors and as»
_ " signs, and the masculine shall inclUde the feminine and neuter, where the
context so admits or requirese _ ~ .
_ ~ IN WITNESS WHEREOF, “Owner“ has caused this instrument to be
. executed by its duly authorized officers and hBuyeﬂ‘ has duly executed same ’
h as of the day and yeah first above writteno‘ .
: :y' .7' V l .i , LMQUNTAIN INVESTMENT, INC»
.- ATTEST:.: I; I a ' 2 ' i i i
f f ' ’_ ‘_ l " ' , President »_ _.
.. ijﬁn ﬁ4 Secretarytl3 V b i _ ; H
. ij - .“_ ‘ t , V i 7 . :5
I - A ASL/£1244: 1941 44,221) _
. V ' SYBuyeril
. i j . v / '
_ / gBuyer“
{Form 69.47 Page 2) .

 . If :1-
, MOUNTAIN INVESTMENT. INC.
. ‘ P.O.Box 357 PHONE 606-457-2761 PLEASEADDRESSREPLYTO:
‘A’I—"E'E'LWRIGHTV KENTUCKY 41669
3733 University Boulevard, W.
Suite #I27
Jacksonville, Florida 322l7
August II, I976 '
Fred Francis, Esquire
Professional Building
I30 Court Street ‘
Prestonsburg, Kentucky 4I653 ‘
Re: Sale of lot l8, Wheelwright, Kentucky to Delbert Davis
. ' and Opal Davis, His wife - Closing at the office of Mountain
Investment. No balance due
Sale of lot 275, Wheelwright, Kentucky to Virgil Mays and
Anna B. Mays, His wife. ' _
I Dear Mr. Francis: ,
Enclosed is the executed deeds to the above captioned real estate.
Regarding the sale to Virgil Mays. The balance due is $l,700
plus $I65 closing costs and $30 for the plat.' The closing is to
‘ be at the First National Bank, Prestonsburg.
Recording fees for the deed and for the tax due the State of Kentucky
are to be charged against closing costs. ‘ r i
I The net proceeds due Mountain Investment, Inc., the $30 charge for
the plat and the'net closing costs (after disbursements above) are to
be deposited in the Non—operating account of Mountain Investment,
Inc. in your bank, with advice to us showing all receipts and
disbursements of the transaction, accompanied by a duplicate deposit
’slip. .
‘ Cordially,
. Frank M. Arnall, President
MOUNTAIN INVESTMENT, INC.
FMA:Sr
Enclosures