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Three Hundred Twenty Thousand Two Hundred and NO/100
Dollars ($320,200.00) is cancelled effective upon the
date of this agreement.
4. This Assignment and release of contractual
rights and claim under any color of title shall not be
recorded.
Delaware Corporation also assigned its interest in the
Virginia Beach property contract (Virginia Beach assignment) to
Ms. Havens. The Virginia Beach assignment, which was effective
as of June 1, 1995, provided in pertinent part:
THIS ASSIGNMENT of Contract Interest, made June 1,
1995 by and between DELAWARE CORPORATION, a Virginia
Corporation (Assignor), and Frances B. Havens (As-
signee).
* * * * * * *
WHEREAS, the parties to this Assignment wish to
re-assign to Frances Havens all rights of DELAWARE
CORPORATION in and to the August 1, 1993 contract of
purchase, to cancel the August 1, 1993 Note in the
amount of One Hundred Twenty Eight Thousand and No/100
Dollars ($128,000.00), and to relinquish any and all
claims so that DELAWARE CORPORATION shall not have any
equitable claim of title to the property located in
Virginia Beach, Virginia, purchased by Frances B.
Havens in January 1988, and the legal title to which is
still vested in the name of Frances B. HAVENS under the
Court record documents in Virginia Beach, Virginia and
WHEREAS, the parties wish the Assignment to allow
Frances B. HAVENS to freely transfer and/or convey or
sell her ownership in the House and Real Estate, lo-
cated in Virginia Beach, Virginia free and clear of any
claims of interest or ownership by DELAWARE CORPORATION
under the August 1, 1993 contract of purchase.
NOW, THEREFORE, in consideration of the sum of Ten
and NO/100 Dollars ($10.00) paid by Frances Havens, to
DELAWARE CORPORATION, receipt of which is hereby ac-
knowledged, and other good and valuable considerations,
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