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GROVEMAN & YOUNG <br /> ATTORNEYS AT LAW 11 <br /> 3580 WILSHIRE BOULEVARD.SUITE 1 45 OFILE Ir <br /> LOS ANGELES,CALIFORNIA 90010 11 <br /> TELEPHONE:(2123 3E3S-8661 <br /> May 8, 1989 ' /sF�LC'yF r <br /> NEUMILLER AND BEARDSLEE <br /> Fifth Floor Waterfront Office Tower II <br /> 509 West Weber Avenue <br /> Stockton, California 95203-3165 <br /> Attention: JEANNE M. ZOLEZZI <br /> Re: CONRADY FORECLOSURE <br /> Dear Ms. Zolezzi: <br /> Our client, American Savings and Loan has found the current <br /> situation regarding the "Major Mart" site unsatisfactory. <br /> American Savings and Loan is prepared to deed Marjorie Conrady <br /> its entire interest in the propet.'ty ! for no financial <br /> remuneration. If this is unacceptablel, ALrican savings will <br /> file suit to rescind the foreclosure on the iasis of concealment, <br /> mutual mistake of fact and fraud. <br /> Because American Savings has been required t spend any money to <br /> cleanup and remediate the site, Marjori' Con' rady will be joined <br /> as a potential responsible party (PRP)11 if i suit is filed. We <br /> expect Ms. Conrady to assume full responsibility for the cleanup, <br /> not only as the prior owner and operator' of ';the site, but as the <br /> principal PRP. <br /> Please telephone me if you have any questions. <br /> Very truly yours, <br /> GROVEMAN & YOUNG <br /> By <br /> CHARLES H. POMERO <br /> CHP:s ii l <br />