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(Form 69-18)

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(Form 69-18)

 MOUNTAIN INVESTMENT, INC.
(MICO)
P. 0‘ Box 357 PLEASE Anonzss REPLV To:
PHONE GOG-45742761
WHEELWRIGHT, KENTUCKY 41669
5101 Yacht Club Road ,
Jacksonville, Florida 32210
1) F?" '
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Liberty National Bank 8 Trust Company
Post Office Box l499
Louisville, Kentucky 40502
Attention: Mr. John Y. Van Bibber, Vice President
Gentlemen:

Enclosed is copy of deed from Mountain Investment, Inc. to
A :11}??? 3", TLA‘TES and D31" 2115‘; June: . H.” E: ife , covering
sale of ;;W.A;NQ . Please prepare a partial release
by Liberty National Bank 8 Trust Company of its mortgage on this proper—
ty and forward it to Elrcc b“ ti~pql ‘2'nP, Drcstanztwnz“, Kentugfiy
which is Escrow Agent for this transaction.

We have sent the original deed, and plat, together with our dis—
bursement letter, to our Kentucky attorney, for his certification of the
deed. He is then to forward the documents to the escrow agent.

Your letter to the escrow agent covering the release of these
properties should contain instructions as to disbursement of the pro—
ceeds of this sale in accordance with the terms of your mortgage,

If there is any further information required, please advise.

Yours very sincerely,
MOUNTAIN INVESTMENT, INC.
_ President
(Form 69-l9)
(Rev.5/l/69)

 803 American Heritage Bldg.
Jacksonville, Fla. 32202
October ll, 1971
. Mr. Arthur P. James ,.
wheelwright, Kentucky ulbbg
Dear Mr. James:
Re: House #216
This will confirm the fact that I extended the time for you
to make a payment of past due monies owing Mountain Invest-
- ment to October 15, rovided you make a payment of $300.00
on your account with us by [0 o'clock on that date.
This will be the last notice you receive from us. If you
do not keep your agreement to pay that sum by that time we will,

‘ without further notice to you, discontinue the gas and water
service to your house and will take action under the House No-
tice to evict you from the premises. It will not do any good

‘ for you to come in and offer a lesser sum than $300.00. I
have given our Wheelwright office strict instructions to refuse
any payment of less than $300.00.
Cuite frankky, your record of failure to pay your obligations
and to keep promises in respect thereto is such that, unless
you can bring your account with us up to date and keep it that
way, we would rather not have you as a tenant. ‘
Yours very truly,

./ L ‘ I

Gordon Brown
President
GB/mw
CC 2 Mrs. Audrey Yates

 It" ” gpntmnmr or PURCHASE
THIS AGREEMENT, made and entered into as of the Eflth .
day of MaFCh , 19 f5 , by and between Mountain
\. Investment, Inc., herein called “Owner” and Arthur P- James HUd
Dorothy James, 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,
210 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 sum of $ U,000.00___, and, in addition ”Buyer” shall
' pay the sum of $165.00 closing costs and $30.00 for survey plat to
V be supplied by ”Owner”, all of which is to be paid as follows:
$ 100.00 __down payment, the receipt of which is here~
7 by acknowledged, and the balance cf $ 59095-00 ,(uhich includes
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~
‘ 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
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 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 April 9”, 19V“ . 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 1) ~ 2

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l The Closing shall be at First Natlonal Bank
. ._____c_clc~_~"l_elflce__cll__mllll___
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l Prestonsburc, Ky.
. e_____________cclwl________~____.____.l_l__l"l._“_l_ll~”_ll_l_l__llml_l_-l
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3 A: the time or closing all rents an; utilities due by "Buyer“
l u . . — - - . n v ~ - .
l LO ”Owner“ snail be Tully paid" All rents on said property shall be edius:-
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ed pro—rate to the date 0? closing.
(‘3'. ~' ’ '- i, m - ' oi
PODJBSDIOH Will oe g./en Buye, on ~Hm_&hrll»:ji 19/./~"“:
Any further notice necessary under this agreement may be sang
by mail to the last known address of the party to be notified“ ,
l
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The words ”Buyer” and “Owner” herein employed shall be con- '
I 7 strued to include the plural as well as the singular. and this contract shall
i be binding upon their heirs, administrators, executors, successors and as-
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} signs, and the masculine shall include the Feminine and neuter, where the
‘ l context so admits or requires”
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i IN NtzszS WdtRcOr, “Owner” has caused this instrument to De
5
i executed by its duly authorized officers and ”Buyer'i has duly executed same -
; as o? the day and year first above written,
. MOUNTAIN INVESTMENT, INC.
i ATTEST: '
l ;7 ' ‘ By .
_ __.M-_~c_.__l~.__l_l~l
. ' President .
! “___—pm...”—
5. Secretary
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 39.921922.
House No . 216
Received of A.P. {agg§_ ,7
Dollars Thirtv—Sezggffllawt
For Rent _ _____ ___.___
Date Elia-68“—