18 The down payment of $28,732.26 was paid by IAS at closing. See copy of check attached as Exhibit “N”. The earnest money payment of $1,000.00 was initially paid by Debtor, but IAS believes that Debtor was reimbursed for the earnest money amount. IAS has not been able to locate documentation to verify conclusively that reimbursement, and in the event that the documentation cannot be found, IAS concedes that Debtor would be entitled to a credit for this $1,000.00 amount against the amount otherwise owed by Debtor to IAS.
19. All payments on the $66,000.00 Promissory Note No. 2 have been made by IAS. See copy of Payment History Report of Escrow Specialists attached as Exhibit “O”, and the copy of the checks issued by IAS attached as Exhibit “P”.
20. In order to facilitate the acquisition of seller financing for a substantial portion of the purchase price, Debtor was listed as the purchaser in Purchase Contract No. 2 and as payor for Promissory Note No. 2, and record title to the property was initially conveyed to Debtor, who was and is the president of IAS. See Deed attached as Exhibit “Q”.
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