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thereof--Thoner, Murray, and Chaky (the makers)--a suit was
instigated to force payment (the lawsuit). The lawsuit was
settled pursuant to a document entitled "Compromise and
Settlement Agreement, Indemnity Agreement, and Release in Full"
(the settlement agreement). Both Teresa and Tracy executed the
settlement agreement. In pertinent part, the settlement
agreement provides as follows: The makers shall pay $1,700,000
to Teresa and the same amount to Tracy and shall convey to each
certain real property; the $2 million notes shall be delivered to
the makers; each of the daughters represents that she "is the
sole owner and holder of said promissory note, and that she has
not assigned (collaterally or absolutely), pledged or
hypothecated said promissory note".
Following execution of the settlement agreement, Tracy wrote
in her own handwriting on the face of the $2 million note
endorsed to her:
Paid in full by cashier's check #202259
drawn on Allied Champions Bank
/s/ Tracy C. Parker
Tracy received a check for $1.7 million upon signing and
surrendering the note. Likewise, following execution of the
settlement agreement, Teresa wrote in her own handwriting on the
face of the $2 million note endorsed to her:
Paid in full by cashier’s check #202260
drawn on Allied Champions Bank.
/s/ Terry Parker Davis
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