PRACTICAL REAL ESTATE LAW Practice Assignment 1 Hodges Development Co., Inc., a South Carolina corporation, is purchasing land from Mills Brothers Associates, a South Carolina general partnership, with Edward S. Mills and Thomas C. Mills as the general partners. The land is encumbered by (a) unpaid real estate taxes for the current year; (b) an easement from Harrison Maddox to South Carolina Power & Light, dated January 14, 2000, recorded January 26, 2000, at Book 253, Page 4, Spring County, South Carolina Records; (c) restrictive covenants created by Declaration of Restrictive Covenants from Mills Brothers Associates, dated March 23, 2001, recorded at Book 261, Page 419, Spring County, South Carolina Records. The land is described as follows: ALL THAT TRACT or parcel of land lying and being in Land Lots 14, 15, and 16 of the 4th Land District of Spring County, South Carolina, and being more particularly described as Lots 21, 22, 23, and 24, Block C, Lots 15, 16, 19, and 22, Block D, and Lots 3, 4, 5, 8, 10, and 14, Block E, of The Mills Plantation Subdivision as per plat recorded at Plat Book 10, Page 103, Spring County, South Carolina Plat Records, which plat