January 16, 1965 - Indenture

After renting the Browne school property since November 1, 1962, the Finnestad family purchased the property.

On January 16, 1965 an indenture was signed transferring the property from Jeannette and Ronald Aska to Donna and Kenneth Finnestad and processed in the amount of ten dollars.    The document does not indicate the sales price, though the original price paid to the school district by Joseph Faivre Jr was $1,250 eleven years earlier.    $1,250 in 1953 represents $1,474.72 in 1965 dollars and $12,183.01 in 2020 dollars accounting for inflation.  

Because the document is stamped "revenue stamps to be affixed after recording" the breakdown of the sales price, down payment, mortgage and any other deductions or expenses such as taxes would be filed at a later time and are not included in this warranty deed.

Had a revenue stamp been affixed a PTAX-302 form would have been filed.   This warranty deed does not have a revenue stamp therefore that form was not required.