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(i) Respondent shall have a lien against the proceeds
from any sale of said real estate for a period of time not
to exceed eight years from the date of the transfer.
(ii) The lien shall be for the value of the net
proceeds reduced each year by an amount equal to one eighth
of the net proceeds. After eight years, Petitioner would
receive the full net proceeds from any sale of the real
estate. * * *
(v) During the term of the lien on the real estate,
Petitioner agrees to maintain the real estate as the primary
residence for the children. * * *
(ix) Respondent agrees to substitute his lien for a
similar lien on real estate to be occupied by Petitioner and
the children within a twenty mile radius of Respondent’s
home.
Paragraph C of section 19 of the permanent stipulation provided
for the transfer of an alternate property if petitioner was
unable to convey the property described in paragraph B.
Petitioner was to take the alternate property and “remodel said
real estate as a home for” Ms. Brownell. The alternate property
would have been subject to a lien with provisions identical to
those detailed above. Finally, section 19 of the permanent
stipulation provided:
D. The home in which the parties resided located in
Campton, New Hampshire and standing in Respondent’s name is
awarded to Respondent free and clear of all interest of
Petitioner. Petitioner may continue to reside at the
property until the manufactured home is set up and ready to
be occupied * * * at which time Petitioner will move to the
manufactured home * * * and Respondent may resume occupancy
of the Campton house. * * *
E. Respondent is awarded all other real estate
standing in Respondent’s name, free and clear of all
interest of Petitioner.
Pursuant to the permanent stipulation, petitioner purchased a
manufactured home for Ms. Brownell in 1998 for $43,003.
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Last modified: May 25, 2011