The Purchase Agreement January 1, 1990, of the first half interest,"subject to existing mortgage" in 1990.
A search of the title reveals the absence orNOregistered mortgage...
Was this mortgage also withheld by Lynda Staub, similar to others?
Terms $25,000 down. Balance to be paid in one lumpsum December 31, 990. INTEREST FREE!!!/ ???
Terms are include subdivision and proceeds of first two lots go to Lionel Bouchard. If either party wishes to sell his half interest, than the other part will have first option at "fair market value at THAT TIME".
Purchasesubject to existing mortgage. None on title!
Lionel Bouchard questioned how the acreage/bushes/valuation of house and buildings arrived at. House normally includes two acres....
Lionel Bouchard disputed how the 70 cultivate acres were arrived at, plus the bush
area, how that was calculated?
Going rate in 1990 was $675.
In 2002,fair market value of acreage was $1,200 an acre.
Sale of first half of property signed as Lionel Bouchard ushered "quickly" into Andy Bouchard's lawyer in Portage a Prairie, and told "trust me". Possession January 1, 1990. Documents signed January 3, 1990.
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