My WebLink
|
Help
|
About
|
Sign Out
Browse
200314087
LFImages
>
Deeds
>
Deeds By Year
>
2003
>
200314087
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/16/2011 8:18:14 AM
Creation date
10/28/2005 4:02:04 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200314087
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
20031408' <br />2000 (Exhibit 62), the year the motor home was sold, shows the value of the motor <br />home inventory being reduced to zero. Exhibit 62 also shows a corresponding <br />reduction in the value of notes payable to Five Points Bank from $91,766.38 to <br />$62,587.57 (a reduction of $29,178). This is consistent with Petitioner's testimony <br />that the motor home sold for $29,200 plus a slide -in camper valued at $13,900 (for <br />a total of $43,100 as valued on the Property Statement). It is unclear whether the <br />camper shows up as inventory on the Balance Sheet since an itemization of the <br />inventory has not been offered into evidence, but the inventory does show value <br />consistent with adding the slide -in camper. Because the motor home is valued in the <br />business, it should not be part of the marital estate. Petitioner's undisputed testimony <br />was that his premarital 1978 Dodge Motor Home (K15) was traded in to purchase the <br />Kountry Star Motor Home. Petitioner should be given a credit of $20,000 (K15) <br />which can be traced to the Kountry Star Motor Home. <br />D. Farm, Business <br />None <br />E. Real Estate <br />Residence <br />The family residence located at 8050 North Nebraska Highway 11, Cairo, Hall <br />County, Nebraska shall be awarded to the Petitioner at a value of $170,000. Although <br />the Respondent has valued the property at $180,000 and Petitioner at $160,000, a <br />reasonable compromise would be $170,000. No bids were received at $180,000 and <br />the only bid which was not accepted was at $160,000 with some contingencies. <br />Respondent has testified that if she were awarded the property at her value of <br />$180,000, she would sell it. Such a sale would result in additional expenses to the <br />Respondent which may include real estate commission fees and costs of sale. <br />Additionally, there are outstanding real estate taxes against the property for the years <br />1999 and 2000, but which were not disclosed as debts on the Property Statement. <br />Petitioner shall pay the following debts against the real estate and hold the <br />Respondent free and harmless from any liability thereon. First Commerce Mortgage <br />Company (H1), Five Points Bank (J1), Bank of Madison (J2), Herman Plumbing, Inc. <br />(J8), and all real estate taxes. <br />Commercial Real Estate <br />Petitioner shall be awarded the commercial real estate located at 2404 West Lincoln <br />Highway, Grand Island, Nebraska. The parties have stipulated and the Court accepts <br />the value of $150,080 on the property. While this property was owned by Petitioner <br />prior to the marriage, certain improvements have been made during the marriage <br />
The URL can be used to link to this page
Your browser does not support the video tag.