Estate of John Kenly, Deceased, Betty B. Kenly, Personal Representative - Page 7

                                                 - 7 -                                                    
                        record that the undersigned has and claims no                                     
                        interest in and to said property.                                                 
                  NOW THEREFORE, in consideration of the premises, the                                    
                  undersigned does hereby disclaim, remise, release and                                   
                  quit-claim unto the spouse and to the heirs and assigns                                 
                  of said spouse forever, all right, title, interest,                                     
                  claim and demand which the undersigned might appear to                                  
                  have in and to the above described property.                                            
            Exchange of 80 Acres in Dunlap Property for Portion of                                        
            Bard Property                                                                                 
                  In November 1981, Zona Kenly and decedent exchanged an                                  
            80-acre parcel of the Dunlap property (the 80-acre parcel) for                                
            794 acres of property in Bard, California (the 794-acre Bard                                  
            parcel).  (In this triangular exchange, Phoenix Commerce Center                               
            Venture (Venture) bought the 794-acre Bard parcel from Mr.                                    
            Conley, and Venture exchanged it with Zona Kenly and decedent for                             
            the 80-acre parcel of the Dunlap property.)  The sales price for                              
            the 80-acre parcel was $5,750,000.  According to the warranty                                 
            deed for the 80-acre parcel, the sellers were “ZONA KENLY, a                                  
            divorced woman, and JOHN KENLY, a married man dealing with his                                
            sole and separate property”.  According to the grant deed for the                             
            794-acre Bard parcel, the buyers were “ZONA KENLY, a divorced                                 
            woman, and JOHN KENLY, a married man dealing with his sole and                                
            separate property.”                                                                           
                  The escrow instructions involved in the exchange of the                                 
            80-acre parcel and the 794-acre Bard parcel identified the                                    
            sellers of the 80-acre parcel and the purchasers of the 794-acre                              
            Bard parcel as "ZONA KENLY, a divorced woman, and JOHN KENLY, a                               





Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011