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<br />Agreement and Release of Claims <br /> <br />This Agreement and Release of Claims ("Agreement") is between Cass County <br />Government ("Cass County"), located at 211 9th Street South, Fargo, ND 58103, and <br />Peter Doll and Katrina A. Doll ("Dolls"), husband and wife, whose post office address is <br />156 23rd Avenue East, West Fargo, ND 58078. <br /> <br />Whereas, Cass County obtained a parcel of property described on attached <br />Exhibit A ("Parcel") several years ago on a tax forfeiture proceeding; <br /> <br />Whereas, the U.S. Department of Housing and Urban Development ("HUD") had <br />been the owner of the property prior to the forfeiture proceeding and failed to make tax <br />payments; <br /> <br />Whereas, Cass County conducted a tax forfeiture sale of the Parcel and sold it <br />to the highest bidder, namely the Dolls, for $8,000.00; <br /> <br />Whereas, HUD later contested the County's authority to obtain the Parcel <br />through that tax forfeiture proceeding and that contest was impacting the Dolls' ability to <br />obtain financing on the parcel; <br /> <br />Whereas, the parties agreed it was mutually beneficial to resolve the matter <br />amicably; <br /> <br />Whereas, HUD agreed to quit claim the property to the Dolls for $4,000.00, <br />which the Dolls have paid to HUD, and HUD subsequently executed a Quit Claim Deed <br />to the Dolls, Document Record No. 1199961, recorded on April 18, 2007; <br /> <br />Now therefore, in consideration of the statements above, Cass County and the <br />Dolls agree as follows: <br /> <br />1. Payment: Cass County shall pay a total of $4,000.00 to Peter and Katrina A. <br />Doll jointly. Peter and Katrina A. Doll shall be responsible for allocating that payment <br />amongst themselves. <br /> <br />2. Release of Claims: In consideration of the payment described above, the <br />Dolls on behalf of themselves and anyone who has or obtains legal rights or claims <br />from them, release and waive any and all claims which the Dolls now have or may have <br />against Cass County, and any of its employees or representatives, regarding this <br />matter. <br /> <br />3. Entire Agreement: This Agreement constitutes the entire agreement <br />between the parties. The parties agree that there were no inducements or <br />representations leading to the execution of this Agreement other than those contained <br />within this Agreement. <br /> <br />Page 1 of 3 <br />