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201503430
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Last modified
11/5/2015 9:11:31 PM
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5/26/2015 4:28:44 PM
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DEEDS
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201503430
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1. <br />SETTLEMENT AGREEMENT - Page .3 <br />201503430 <br />the Trust Account checks with Jackie Lee Stratton, Trustee. John Mantooth's said signature on <br />check will only reflect his opinion that the said signed check and expenditure of Trust funds is <br />appropriate and proper to his knowledge and belief. All expenditures of funds by the said Trustee, <br />Jackie Lee Stratton, shall be reported by First Class, United States Mail, within a reasonable and <br />proper time to Jimmy K. Stratton and Jerry G. Stratton and by an annual accounting in this styled <br />action to this McClain County, Oklahoma District Court, Case No. PT- 2013 -1. That Trustee's <br />attorney John Mantooth by placing his on any of the Trustee's said check does not mean at all that <br />John Mantooth is acting as a guarantor, promissor or responsible party for any funds, debt or action. <br />John Mantooth, attorney, will only sign at Trustee's request and to show that the expenditure by <br />said check seems reasonable and proper to him at that moment in time with the information made <br />available to him at that time by said Trustee. <br />5. The foreseeable, known and anticipated future expenses of this Trust for which funds <br />are to be retained in the Trust Checking Account in McClain Bank, Purcell, Oklahoma, are: <br />a. Funds for pivot insurance, and potential maintenance, repairs to and <br />replacement of the irrigation pivot pump, engine and water well irrigation <br />system on the farm land in the State of Nebraska, to be retained in Trust in <br />the amount of $15,000.00. The said farm land is now rented to Todd Bremer <br />and Kandis Bremer, husband and wife.; <br />b. Funds for the collection of money /payments /debt due on the land which has <br />been sold in Grand Island, Nebraska, along with expenses for possible <br />foreclosure and associated attorney fees, court costs, etc. to be retained in <br />said Trust account in the approximate amount of $3,000.00; <br />
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