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Oakley and Scout own a small acreage in Kansas (real property). Last year, they borrowed $100,00 from Bank of the West, and executed a promissory

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Oakley and Scout own a small acreage in Kansas (real property). Last year, they borrowed $100,00 from Bank of the West, and executed a promissory note and mortgage to Bank of the West, using the real property as security for the loan. The security agreement authorized Bank of the West to take possession of the real property on the occurrence of a default Inder the agreement. The agreement also required Oakley and Scout to execute a quitclaim deed to Bank of the West. Unfortunately, Oakley became ill and unable to work. Oakley and Scout were unable to make the payments and the loan went into default. Bank of the West demanded that Oakley and Scout execute the quit claim deed. They refused. Bank of the West filed a lawsuit and requested a court order to require Oakly and Scout to immediately execute a quit claim deed to the real property as required by the agreement. The state of Kansas recognizes the legal doctrine of redemption. Identify and discuss the legal issues involved with this issue. Make sure to define the legal terms and law that applies. Then apply the facts from this week's scenario to answer the following questions: 1. Do Oakley and Scout have a legal obligation to execute the quitclaim deed before a foreclosure sale? Make sure to thoroughly discuss the legal right of redemption and the provision in the agreement they executed. 2. Assume that Oakley and Scout used the loan proceeds to build a tiny house on a portion of the acreage. How does this apply to the lawsuit and the legal right to the doctrine of redemption

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