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K 16 I '/ <br /> �r <br /> Neumiller & Searasle�` <br /> A PROFESSIONAL CORPORATION i! <br /> ROBERT L_SEARDSLEE JACK S JOHAL 1� MAILING AOORC5S: <br /> THOMAS J SHEPHARD.SR MICHAEL J. OYER ATTORNEYS .HYD COUNSELORS PO. ORAWER 20 <br /> DUNCAN R, MCPHERSON PAUL N.SALESTRACCI I STOCKTON. CALIFORNIA 95201-3020 <br /> RUDY V BILAWSKI STEVEN D.CRABTREE FIFTH FLOOR WATERFRONT OFFIC—L.TOVVI,H,11 <br /> ROBERT C. MORRISON JEANNE 2OLETZI `3 <br /> 509 WEST WEBER AVENUE_ <br /> SAM THOMAS E.JEFFRY,JR,ES R DYKE j REFER TR FILE NC: <br /> JAMES A.ASKEW GERALO C-BENITO STOCKTON. CALIFORNIA 9s2o3-3165; <br /> JOHN W STOVALL DOUGLAS P WINTER ` <br /> STEVEN A.HERUM PAUL 5, MUORICM (209) 948-$200 I I' <br /> RICHARD M_ARCHBOLD LOREN20 G, FORMOSO TELECOPIER (209) 948-4510 i4 15380-13889 I <br /> MICHELLE R,G.TURNER <br /> SUSAN M. MURRAY Illl <br /> January 18 , 19819 <br /> 1 <br /> i <br /> Mr. Conrad Mead I <br /> American Savings and Loan <br /> Association <br /> Post Office Drawer D I r <br /> Stockton, California 95201--3004 <br /> Re : Marjorie A. Conrady/Foreclosure (1235 Al]2ine_ Road) <br /> ,I I <br /> Dear Mr. Mead: <br /> i <br /> I am writing on behalf of our client, Mrs . Marjorie <br /> Conrady, who holds a deed of trust on that property owned by <br /> American Savings and Loan Association ("American") in San <br /> Joaquin County at 1235 East Alpine, known as the Major Mart. <br /> I have had previous discussions withlHerlhYoung, counsel for <br /> American, who indicated that any corrrespclndence of this type <br /> should be addressed to you. <br /> Prior to determining whether or notto foreclose on the <br /> property, Mrs . Conrady is proceeding to obtain additional <br /> engineering information to ascertain if the leak in the tank <br /> on the Major Mart site has contaminated the soil or groundwa- <br /> ter in the area. It would seem to be in �the best interests <br /> of American to participate in th_i5:investigation. If .you <br /> would be-.interested—in afifty perceri 0 )cost participa1 <br /> 'tion in �the investigation, which is outl lned in the attached' <br /> p�osal we would-fully-share with-Amer%can—the results of <br /> he_investigati.on. }f} <br /> Alternatively, Mrs . Conrady would consider releasing her <br /> deed of trust in consideration of American buying out her <br /> interest at a discount. Mrs . Conrady is �currently owed in G <br /> principal and interest to date , plusltforeclosure fees , but <br /> exclusive of any attorneys ' fees , $149 ,364 .57 . Mrs . <br /> Conrady may consider an offer of $100 ,006 .00 for purchase of <br /> her deed of trust. <br /> 'I <br /> ff1 <br /> i] <br /> I <br /> {� I <br /> I <br /> I� <br /> a <br />