ࡱ> vr34  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuwxyz{|}~Root Entryb.@pc n PerfectOffice_MAIN& TPerfectOffice_OBJECTS, n nSummaryInformation(  "#$%&'Oh+'Oh+'0`  ( 4 Dale Whitman da Dale Whitman 19$C:\COREL\SUITE8\PROGRAMS\PRWIN8.EXE Original Slide Show(WWPC-XX81%x09Ʉ3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'WPC T ~ ,.W^0l0h444]’ȒْߒA|B"XXXX'33' >(dRW R7 R R R- R R W( $RRdRRRZRRRPHReRR' Rg B"R"a\%'  *,QWPC "  "2  I  .3  ,"  ,2  I  .3  Whomshouldyounameaspartiesinaforeclosure?..2  A  .3  Presenttitle-holder...2  A  .3  Originalmortgagor...2  A  .3  Anyintermediategranteeswhoassumed...2  A  .3  Juniorlien-holders...2  A  .3  Juniornon-lieninterestholders(e.g.,tenants)ifyouwanttoeliminatethem...2  A  .3  Spousesofanyoftheabove.( (2  I  .3  Comparetheoperationofdeed-of-trustpower-ofsaleforeclosures:....2  1  .3  Inmanypower-of-salestates:..2  A  .3  theresnoprocedureforgivingindividualnoticetojuniorinterestholders...2  A  .3  theyareautomaticallydeemedboundbytheforeclosure.,"  ,2  I  .3  O, \AZ"Arial RegularO Isthereanyreasontonameseniormortgagees?..2  A  .3  Balanceowingonpriormortgageisuncertain...2  A  .3  Priorityofothermortgageisuncertainordisputed.' ( '2  I  .3  ,"  ,2  I  .3  Whydidntthefore-closureaffectClark?..2  A  .3  ComplaintdidntspecifytheinterestHallhad...2  A  .3  Complaintdidntprayfordistributioninorderofpriority...2  A  .3  Stearnsdidntprovetheorder̀ofpriority."   "2  I  .3  "   "2  I  .3  "   "2  I  .3  "    "2  I  .3  "   "2  I  .3  "   "2  I  .3  ' )  '2  I  .3  1'  12  I  .3  Sowehave:..2  A  .3  Remember: redeemup,fcl.down..2  A  .3  CanMurphyredeemfromFarwell?Redeemwhat?....2  1  .3  Thefirstmortgagerights.(ThatwillgiveMurphy2mtgs,butnottitle)..2  A  .3  CanFarwellredeemfromMurphy?Redeemwhat?....2  1  .3  The1stand2ndmortgages.(ThatwillgiveFarwellunencumberedtitletotheland.)"   "2  I  .3  Heresalittlesideexcursionintothe lispendensdoctrine..."   "2  I  .3  "   "2  I  .3  "  "2  I  .3  "  "2  I  .3  "  "2  I  .3  "  "2  I  .3  "  "2  I  .3  "  "2  I  .3  ,"  ,2  I  .3  ActionsME2cantake:..2  A  .3  Redeemupandacquirethe revivedME1rightsfromB...2  A  .3  ForeclosedownandacquiretheMRrightsfromB.(ThisgetsME2thefeetitle.)..2  A  .3  Claimsurplusifidentifiable."  "2  I  .3  ,"   ,2  I  .3  ActionsBcantake:..2  A  .3  Redeemfrom(payoff)ME2...2  A  .3  Reforeclose,thistimemakingME2aparty...2  A  .3  Seekstrictforeclosure(iftheresnovalueinthepropertytosecureME2)."  "2  I  .3  '   '2  I  .3  ..2  A  .3  ME2canredeemtheME1rights,acquiringthe1stmtg.(Notparticularlyadvantageous.)..2  A  .3  ME2canforeclose(subjecttothe revivedfirstmtg).ME2canexpecttorecoveratmostabout$10,000fromthesale.Bwilllosethefeetitle.,"    ,2  I  .3  ActionsBmighttaketokeeptheland:..2  A  .3  Payoff(redeemfrom)ME2(whichwillcostB$20,000)...2  A  .3  Reforeclose,namingME2.Bcanalwaysbethehighbidder,butitmaycostBbetween$10Kand$20K...2  A  .3  Willacourtorderstrictfcl?"  "2  I  .3  ,"    ,2  I  .3  Dutieswhenforeclosing:..2  A  .3  AsofwhatdateshouldCiticorphavecheckedtherecords?..2  A  .3  DoesCiticorphavetocontinuecheckingthereafter?....2  1  .3  Whynot?..2  A  .3  IsPessintruly omitted?##2  I  .3  Asoftheforeclosuredate:..2  A  .3  1stMtg.balance:~$120,000..2  A  .3  Bidatfclsale:$108,000..2  A  .3  DidPessinslienhaveanyvalue?..2  A  .3  WasstrictforeclosureofPessinslienproper?" ! "2  I  .3  ( #(2  I  .3  WhydidCPAarguethatitredeemedstatutorily?..2  A  .3  Onewhoredeemsstatutorilygetsthefeesimpletitle...2  A  .3  Thelandhasexcessvalue...2  A  .3  Isstatutoryredemptionproper?Whynot?..2  A  .3  IsPortlandentitledtoredeemagainstCPAslien?")$ "2  I  .3  ( %(2  I  .3  Dotherulesforomittedjuniorsapplytonon-lieninterests(e.g.,leases,easements,etc.)?..2  A  .3  Suchinterest-holderscanredeem...2  A  .3  Buttheycantforeclose...2  A  .3  Hence,theycantacquirethefeesimpletitle...2  A  .3  Theycantberedeemedfrom.( &(2  I  .3  Dotherulesforomittedjuniorsapplytonon-lieninterests(e.g.,leases,easements,etc.)? ..2  A  .3  Howcantheforeclosingseniormortgageegetridofsuchanon-lieninterest?..2  A  .3  Onlybyreforeclosing.( '(2  I  .3  Power-of-saleforeclosure:Whatifajuniorlienholderisgivenno notice?..2  A  .3  ԀAbouthalfthepower-of-salestatesdontrequirenoticetojuniorsatall!(MO,CA)....2  1  .3  Hence,itisimpossibleto omitajunior.....2  1  .3  Isthisadenialofdueprocessoflaw?....2  1  .3  Probablynot,unlesstheforeclosingmortgageeisagovernmentagency(sothatthereis stateaction).##2  I  .3  Power-of-saleforeclosure:Whatifajuniorlienholderisgivenno notice? ..2  A  .3  Inthehalfofthestatesthatdorequirenoticetojuniors.......2  1  .3  Oneview:itslikeanomittedpartyinajudicialforeclosure.(WA)....2  1  .3  Anotherview:Thesaleisvoidableandacourtwillsetitasideifaskedtodoso...oritsabsolutelyvoid.(NV)" " "2  I  .3  F110%8:#Qn%v=MBackground TitleBullet ChartTextOrg ChartData ChartCombinationWPC-XX81%^{%-3'XXXX,,,,51942*+13,*`-:;|%|%W;W/ YY@1 .(3(,*`-:%W%WW3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9"Ƅ0<$h0<$C`H H A"Arial Regular +C`H H A"Arial Regular +C`H H A"Arial Regular +C`H H A"Arial Regular +C`H H A"Arial Regular +C`H H A"Arial Regular +)?  !@Z33 4=2  I  .3  TitleofShow  Ƅ0<$+3 ń.Z#8O, \AZ"Arial RegularOH H H         @  Q QO, \AZ"Arial RegularOH H H         @ TitleofShow+3"Ȅ:=0v`=0vC`llA"Arial Regular +3f3fC`llA"Arial Regular +3f3fC`llA"Arial Regular +3f3fC`llA"Arial Regular +3f3fC`llA"Arial Regular +3f3fC`llA"Arial Regular +3f3f)?   4@2  I  .3  SubtitleofShow  Ȅ=0v+%3f13f3 DŽ@QQ/8O, \AZ"Arial RegularOlll        @  Q QO, \AZ"Arial RegularOlll     3f   @3fSubtitleofShowWPC%XX81%02#3'XXXXKKKK ? 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O, \AZ"Arial RegularOrrr     3f   @3f..        @3    O, \AZ"Arial RegularOrrr     3f   @3f0..The1stand2ndmortgages.(ThatwillgiveFarwellunencumberedtitletotheland.)WPCXX81%XX81%'3'XXXXKKKK9""0h$:0h$C T T , \AZ"Arial Regular +C T T , \AZ"Arial Regular +C T T , \AZ"Arial Regular +C T T , \AZ"Arial Regular +C T T , \AZ"Arial Regular +C T T , \AZ"Arial Regular +)?  !@Z_33 4 @ @ @ @ @ @ " dddddd$   "0h$' !.#O, \AZ"Arial RegularOT T T         @  Q QO, \AZ"Arial RegularOT T T Sowehave:WPC`XX81%XX81%3'XXXXKKKK9"H 0h$:H 0h$C 44, \AZ"Arial Regular +C 44, \AZ"Arial Regular +C 44, \AZ"Arial Regular +C 44, \AZ"Arial Regular +C 44, \AZ"Arial Regular +C 44, \AZ"Arial Regular +)?  !@Z_33 4 @ @ @ @ @ @ " dddddd$   ᄍH 0h$.)*+%'15 C N/#O, \AZ"Arial RegularO444        @  Q QO, \AZ"Arial RegularO444 Asoftheforeclosuredate:.+/ Z@1 _333 `I 0I 0  WPCXX81%XX81%3'XXXXKKKK9" 0B 0C , \AZ"Arial Regular +C ++, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC CC, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f98   433333333 @3 @3 @3 @3 @3 @3 f" dddddd$   儊 0+133 @ Q/ O, \AZ"Arial RegularO        @3a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0..1stMtg.balance:~$120,000f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0..Bidatfclsale:$108,000f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0..DidPessinslienhaveanyvalue?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0..WasstrictforeclosureofPessinslienproper?WPCXX81%XX81%(3'XXXXKKKK9"'# 0B 0C , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f98   433333333 @3 @3 @3 @3 @3 @3 f3" dddddd$   ' 0+133 &C K/i O, \AZ"Arial RegularO        @3a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0..Inthehalfofthestatesthatdorequirenoticetojuniors...3  O, \AZ"Arial RegularO     3f   @3f..        @3    O, \AZ"Arial RegularO     3f   @3f0..Oneview:itslikeanomittedpartyinajudicialforeclosure.(WA)3  ..O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO     3f   @3f0..Anotherview:Thesaleisvoidableandacourtwillsetitasideifaskedtodoso...oritsabsolutelyvoid.(NV)WPC]XX81%XX81%3'XXXXKKKK9"`c.Bc.C , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC UU, \AZ"Arial Regular +3f3fC RR, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC bb, \AZ"Arial Regular +3f3f98   433333333 @3 @3 @3 @3 @3 @3 f3" dddddd$   c..)*+%'1353 eH-, O, \AZ"Arial RegularObbb        @3a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0..Abouthalfthepower-of-salestatesdontrequirenoticetojuniorsatall!(MO,CA)3  O, \AZ"Arial RegularO     3f   @3f..        @3    O, \AZ"Arial RegularO     3f   @3f0..Hence,itisimpossibleto omitajunior.3  ..O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO     3f   @3f0..Isthisadenialofdueprocessoflaw?3  ..O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO     3f   @3f0..Probablynot,unlesstheforeclosingmortgageeisagovernmentagency(sothatthereis stateaction).WPCXX81%XX81%3'XXXXKKKK9Ѐ|"#0h$:0h$C ` ` , \AZ"Arial Regular +C ` ` , \AZ"Arial Regular +C ` ` , \AZ"Arial Regular +C ` ` , \AZ"Arial Regular +C ` ` , \AZ"Arial Regular +C ` ` , \AZ"Arial Regular +)?  !@Z_33 4 @ @ @ @ @ @ " dddddd$   0h$-.)*+%'153 e.#O, \AZ"Arial RegularO` ` `         @  Q QO, \AZ"Arial RegularO` ` `  Power-of-saleforeclosure:Whatifajuniorlienholderisgivenno notice? .+/ @1 _333 `f00uuWPC XX81%XX81%13'XXXXKKKK9".0<$:0<$C H H , \AZ"Arial Regular +C H H , \AZ"Arial Regular +C H H , \AZ"Arial Regular +C H H , \AZ"Arial Regular +C H H , \AZ"Arial Regular +C H H , \AZ"Arial Regular +)?  !@Z33 4 @ @ @ @ @ @ " dddddd$   .0<$' -.Z#O, \AZ"Arial RegularOH H H         @  Q QO, \AZ"Arial RegularOH H H  Heresalittlesideexcursionintothe lispendensdoctrine...!5C [$Kp %C , (Ka%U z.3:A L #Z^cKjn yc Dyn+ߵtWPC3XX81%Q j0!g3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"e&^2&I2r9AArial BoldI          JudicialForeclosureandthe OmittedJuniorProblem.+00%'13**f4Έggm \+\+m WPCXX81%m/ 3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+%1"^/WPCXX81%"=@/3'XXXXKKKK ? 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ClarkFuller` ..`  .. ..Stearns .. @..@` ..`  .. ..Goldberg  r.'1f i     ( )      '1"mY .O, \AZ"Arial RegularO        foreclosure(namingClark)'3"n $r.O, \AZ"Arial RegularO@@@        @(executor)WPCXX81%5X/3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%1 /WPCKXX81%8@0"3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9'"e.m!O, \AZ"Arial RegularO` ` `         NewYorkisunusualinallowinga2ndMEtoforcea1stMEintoforeclosure.EveninNewYork,itcanbedoneonlyifthe1stmortgageis.....? 2 *%jj\ &"|.+'3"gB4  f    i D      _ 9     | X 4      o o J &   ' 4 Ay LW V3 ] bdaa\vUQK+A5)iDuP+tP,a2|rr\>(( e=\/gDD8E8E*| 5K^n|t[[ak8qYqYZt=#1"iB4  hx f ;     @ a      y> sd m g a Y P F= 9] +] +y     0 P p      ' C} ^l xY D ,       r P . + 5 ? 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VR*{QQ" ]yH0t,PN@JDfK:*>S2g^pNJ*|QQ"C +[ ( &j!!!  t a  1 w3wz*}QQ" $ /  PD  su  r r @ t|hf @ )1 32*~QQ"B"u"E"!!6t!>*QQ"UTmtulTs;fNMN5N1 ߟ3ߟz*QQ"gx  |!o" ##G#GD#KU#RY#"U#cf#$"kp! - L <[ -  O|1 3n*QQ"l- WY Q( w A 9 ^dgqW<TyafjF|1 3b*QQ"$$%W %$u$2*$`$#0$$'D$i$$####A1 3J*QQ"P!FBVBtEyEykk}pgp]1 32*QQ" Z7R1 _w3wJ*QQ"k{Dx-$\ + &`s[1 3*QQ" 3u3HCVkp\  !"w# ##"p"C"g!!f!!   ( ^{b1 3b*QQ"$ %N%N%%%z%}%P%$B$#$$$A %[$V$1 3*QQ" >:~12]]B R vzEmgap$? d,^^1 3 *QQ"?EOd>#)-7eBY E1bj S&[6W//V   y OnR[Q)HW|qRD&J*QQ"m%%'2& &p%A%|%S%'%% %f>*QQ"mGd -k&&<Q1 3J*QQ")U]`)1 3J*QQ"y $ * J ^xK :  V*QQ"M!i  P k! C! ^=!t!!!!""@" 1 w3wJ*QQ"T   ( )[]y/ @1 wJ*QQ"j}pS c  l   C , J*QQ"  # B   Y X  c PY iY J*QQ">$ ? 4 * 6 7  >R >R    / @1 ???3??J*QQ"# # %$* $i m% % & 7& % $ # # 1 3b*QQ"# # # # # # g# g# M#v#]{#o#E#@#(##;# d#k 1 $s3sV*QQ"$$ <% $ % C% o%s L%< %%8 S%]$C$y$#1 3J*QQ"}YS   JA/1 3J*QQ"""#{#&$*$&$6&$#!#0"J"1 ߟ3ߟ *QQ"_s M&;Rvvj_j_jFgFvAbA[_~18^PN3(uUId0 "1 3J*QQ"$$$$$B$*$B$)$S$$V$$1 3V*QQ"& %&&5&\&&,''2('r'rN'r'rj'F1 ߟ3ߟ>*QQ"&o&#7&#&L$D$$$%b*QQ"T""0"""b""]!Bp!-!m $:   0 ]![!2"J*QQ"N""""6";" mM ? !3!3"RJ*QQ"!""w"o"H!w! !   p! 2*QQ"P"""A""!1 3J*QQ"m o^: */&#7S1 ???3??2*QQ"}:v}lD>*QQ"}y0aTQ1 3**RRoC#@W ll**RR#S llWPCXX81%M.$u3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*' e -!O, \AZ"Arial RegularO` ` `         Cady` ..`  .. ..ME1.. .. FarwellCady` ..`  .. Murphy.. .. Murphy'1f gs v s 3   !!!3!!!t"t"t"  s.$f ho" r" o" !!!!!   !!!!!!!!!"!"!"'1 l.7O, \AZ"Arial RegularO        1stfcl.(notnamingMurphy)"qw !#O, \AZ"Arial RegularO        '1f i000   f f f ffffff  tM.f jn"Ir"Co"=_!c_!c_!c_!S_!SP S.S.S.S.C.C.C.3.3.3P 3_!3_!3_!#_!#_!#'1 nM. O, \AZ"Arial RegularO        2dfcl.(notnamingFarwell)"r3YP"mO, \AZ"Arial RegularO        "k3D#7O, \AZ"Arial RegularO        1stmtg m } u O, \AZ"Arial RegularO        2dmtg"o %#O, \AZ"Arial RegularO        "pO, \AZ"Arial RegularO        WPCA XX81%x -$r3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9tl+' e"-!nO,wAZ"Arial RegularO` ` `         Cady` ..`  .. ..ME1Cady` ..`  .. Murphy..'1f fs v s 3   !!!3!!!t"t"t"f h000   f f f ffffff'1"j4D7O,wAZ"Arial RegularO        1stmtg l x u O,wAZ"Arial RegularO        2dmtg"n %#O,wAZ"Arial RegularO        "oO,wAZ"Arial RegularO        WPC XX81%x .$r3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9tl+' e"-!O,wAZ"Arial RegularO` ` `         Cady` ..`  .. ..ME1.. .. FarwellCady` ..`  .. Murphy..'1f fs v s 3   !!!3!!!t"t"t"f go" r" o" !!!!!   !!!!!!!!!"!"!"f h000   f f f ffffff'1"j4D7O,wAZ"Arial RegularO        1stmtg k.7O,wAZ"Arial RegularO        1stfcl.(notnamingMurphy) l x u O,wAZ"Arial RegularO        2dmtg"n %#O,wAZ"Arial RegularO        "oO,wAZ"Arial RegularO        "pw !#O,wAZ"Arial RegularO        WPCXX81%.$3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9tl1z*h;;|}y000   f f f ffffffz*i;;|}yn"Ir"Co"=_!c_!c_!c_!S_!SP S.S.S.S.C.C.C.3.3.3P 3_!3_!3_!#_!#_!#'1 *l..|j- { u O, \AZ"Arial RegularO        2dmtg *m..|j-M. O, \AZ"Arial RegularO        2dfcl.(notnamingFarwell)"rc.,O, \AZ"Arial RegularO        EachpartyclaimstherighttoredeemthefeetitlebypayingtheothersdebtO, \AZ"Arial RegularO(andMurphysayshetenderedfirst)O, \AZ"Arial RegularO. *sʘʘƵO -!O, \AZ"Arial RegularO` ` `         Cady` ..`  .. ..ME1.. .. FarwellCady` ..`  .. Murphy.. .. Murphy'1z*tʘʘƵOs v s 3   !!!3!!!t"t"t"z*uʘʘƵOo" r" o" !!!!!   !!!!!!!!!"!"!"z*vʘʘƵO000   f f f ffffffz*wʘʘƵOn"Ir"Co"=_!c_!c_!c_!S_!SP S.S.S.S.C.C.C.3.3.3P 3_!3_!3_!#_!#_!#'1 *xʘʘw6x!7O, \AZ"Arial RegularO        1stmtg *yʘʘ6dL.7O, \AZ"Arial RegularO        1stfcl.(notnamingMurphy) *zʘʘƵO { u O, \AZ"Arial RegularO        2dmtg *{ʘʘƵOM. O, \AZ"Arial RegularO        2dfcl.(notnamingFarwell) *|ʘʘt %#O, \AZ"Arial RegularO         *}ʘʘrEmO, \AZ"Arial RegularO         *~ʘʘ޻̠ !#O, \AZ"Arial RegularO         *ʘʘ&OWP"mO, \AZ"Arial RegularO        WPCIXX81%/$y3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9tl'"ec .O, \AZ"Arial RegularO        Whatdideachpartyreceiveintheirforeclosuresales? *fRCa -!O, \AZ"Arial RegularO` ` `         Cady` ..`  .. ..ME1.. .. FarwellCady` ..`  .. Murphy.. .. Murphy'1z*gRCas v s 3   !!!3!!!t"t"t"z*hRCao" r" o" !!!!!   !!!!!!!!!"!"!"z*iRCa000   f f f ffffffz*jRCan"Ir"Co"=_!c_!c_!c_!S_!SP S.S.S.S.C.C.C.3.3.3P 3_!3_!3_!#_!#_!#'1 *kzɵ#7O, \AZ"Arial RegularO        1stmtg *lRCa.7O, \AZ"Arial RegularO        1stfcl.(notnamingMurphy) *mRCa } u O, \AZ"Arial RegularO        2dmtg *nRCaM. O, \AZ"Arial RegularO        2dfcl.(notnamingFarwell) *oVO> %#O, \AZ"Arial RegularO         *p !>O, \AZ"Arial RegularO         *qА&2 !#O, \AZ"Arial RegularO         *r(e<YP"mO, \AZ"Arial RegularO          w!/ s"/O, \AZ"Arial RegularO        ME1rts-----------MRrts+<<'1 u!o.o.!+'1  xv!/  tr" /+ O, \AZ"Arial RegularO        ME2rts+<<'1 v! . .!WPCXX81%.#g3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+'"ef*/!O,wAZ"Arial RegularO` ` `         Murphys lispendensargument:0 .. MyforeclosureactionwasfiledbeforeFarwellsforeclosuresalewasheld.SoFarwellshouldbeheldtohavenoticeofmyaction,andbeboundbyit.+%'1 f(WPCS XX81%*1s#m3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"ew."O, \AZ"Arial RegularO` ` `         Lispendens:Vendor .. ......Purchaser1Vendor .. ......Purchaser2%'1f fCA?aaaQQJQQQQAAA111J111!!!r"ggD D D $d $d $d $T $T T T T T D D D 4444$4$4$$$$$$f hdcbAPAP/ "".#.#.##]#]GKK%'1"i4 HO, \AZ"Arial RegularO        Kofsale"j3Q0O, \AZ"Arial RegularO        suitforspecif.performance"k"T}  O, \AZ"Arial RegularO        Kofsale"l*J06O, \AZ"Arial RegularO        (BoundbytheresultofP1'ssuit)WPC~XX81%'S0(#f3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"e%.0"O, \AZ"Arial RegularO` ` `         Murphysargumentisworthless:0 ..SinceMurphyisjuniortotheME1mortgage,FarwellsimplydoesntcarewhetherMurphyhasfiledaforeclosuresuitornot.ItsirrelevanttoFarwell.WPC.XX81%zW0 #3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9' ez& .z"O, \AZ"Arial RegularO        SupposeMurphyhadcompletedhisforeclosure,andsoldtoabuyer(calledB2)beforeME1commencedforeclosure.WhateffectwouldthishavehadonME1'sforeclosure?  *gg ms "'3"`g  `f3Rr&0<G=Q`]hs~ -Oo pQ*08 GXj}pG{ U 03 F X h w   n _ T N N B 6 ,   / H c  9 Z z  ; Z w  % 8 H W c n u { } } z t k _ _ N = )+ 5 ? J T ] e n u| }d L 4         t d T F 9 . $ . @ R g }   $ / = %= %> 1< C6 [, x     3 ]   r ` P =B V8 k0 {0 {      > ] |      )# D0 _> xM ] o      1 E X k- }D [ s         ( =  Q  d  v " % ( * * * ( $  -  M n     2Pm  7wRclL1|`B!pL*       |u ou oc KS *D 7 *    g H *      & j. R7 ;B %M Z h w      } n `S$F;9S.k# %B^{ *Hf2Ok ,A"Y5rHZm(Ik 4Tr##0=J|WUd+q~~V1 *Px / / D T ` i |r \| <        t R 0   z q ~h [` 7X Q L H E E z F ` I H O 2 X  d  d  m z x Q )       s $ Y 4 = A  M X b l w x Z > &   3  J % ` 6 u E S a n |     * 0 7 W C P P Z Z |  # 7 G T ` i r { y i \ S P P D 5 %   # 7 Jt \U l4 y    y y     3 ]      w f{ Wf JN =4 0 ! ,K`hhZK8$wne[QF;1t&ib_agsgXU]qv:[NBUBUB(BAAA?>=<}:z8z6}30-*&" $0<ELRUU,xeVJC>>CKXj|xxWB99@M^r\r\Tb,kU?(*9EN N Q M D 6 $   q Y ? v& S 1     ~ j rZ eK ]? ]? u!      p [ H 5 0% J e        % 6 D O W [ [ Xy Pr Cj 1c 1c W H 9 '  } ] =    z d O e< G) +  yZ9fC!zqq[dHVHV(7 !0?Mw[jgZrHrHk'f dceiov &8-J?\Rnex    !09ETWseqy&Kr~zvr8nPkdhtggiiQ<).CXm{];lT:w"g VE4$t[A(seuX[LA@&5 +" jN3 jL).5DD4" ~uan@hb\VPI}A`8D.*" 33:DQar~|{yxv v>v]v}vxy{~ Ab.F\p#5I^t1"`i  `h c @   r j ` V M E 9 4 $ %   l S : !       s [ C ,         q ` P A 3 &           { i V D 3 !        ' 6 G [ zq q j c ^ Z XA XA W` Y} ^ e n y   0 E Z n   % > Y t     %Db%,28=AD3GOIjJKKJIGE B >) ;7 6C 1M +U %[ ^ ` ` g r         "! "8 !P g ~      r  Q  -   1"`k  `j/' 2 xA SV 5r ) )  { l ] N > u/ e W L C = 8 6 6 7 ; A I R ^ j y        + H f      " ' "`m n `l t Z -    k O -       , E \ q  # G t "`o  `n< - -    l I #     U +     b >               x l _ FS zH = 4 4 F +V Je ns    / R q 1"`q ~ `p |} * @ W l  + 4 < @ B B %   i S = u( q |1"`s r `rI $# ) * '             0 @ @ c |    o I "`u J `t ;  { l _  V  Q # S 5 S 5 h X | h _ ; 1"`w  `vjy s R R 9 * # d ! E $ ' )  0 7 < ? ? +    wqkgc` ^ \- \C \[ ^s _ b e i m s x # 3 A M V \ ^ ^ l z  ? j  , } K t h k c Z Q J A 9 2 * #      x h W G 5 $   { y "`y  `x9    x m f d f k r iz Q : $           s c aW @Q S S *l B ^ |     / / A P [ ;c cg i h e _ Y Y ? '     "`{  `z~. B  L T X Z Z } V c Q I I 0 ?  3 $      n \ J g9 M( 4       { c K 3  | r h ^ U L C C .  | smlou %A]y23Uq  - @ T h ~         3  3  0 * 0 = 3 O 8 ` A q K X g x  ( @ Y q  $ , 1 3 o 2 Y . A "`}  `|mw]s?h`YTQPqQPT2Y``>2Onvd U7GJ:Y:Y1Z_gq}Y,   3 L f  6 [         " E l- 8 ; 8 8 #  u [ B (   b ?        ! % :* W/ u4 9 = A D F 0F MF iD @ ; 3 *   1"`  `~KooXE 7' 1H 1g : N N F < 0 "        | b G ,* 6 B N Z f q c{ F *       v ` L 9 '         y i W B C H M O P O zM gI UD E> 76 ,. #%         & / ; G Uq ea vR C 4 %   -If -LjzncXL@4(#/:CKQVY\\\ZWRMtFi?]6S,G!<2( o[F0pW=# iiR;&~paR@. wi\5PVG|G|NU\d*d*_@^Z_udkt;_)@@eWm )D]t $-49;;QexpV:1{J\e>e>[|1"`  `(.! p]MA8u3^2F3/8AM\nwlctZ[S@N#IEDBBD^G<JOU\entyV:         / : A C%B>>X7r/%'?Ul  s#a-O7<@(HOV\agko~shwSz>~)        v l c ] W T R R T X ^ +f =q Q~ f |       #2CSexytokgd a `7^N\f[~[ZZZ[[\*]D^\`uabcdffgh2iGi]iriihgfda^[X S-N9IDCN<W4_,f#kortutrmibZOrD\7F(.1"`  `(8EKPWffOOg)?Sgy~rfeJV*G81"`  `4yaM>{2m+]&M%;&(+1:DQ_n~qdXOHB @ @ D* D* YK qa n r m ` N 4     '$ =* S. i. }(   "`  `,,<JV&_Qd~d^^8wj\uMh>]/VPKJJKNSZbku~wspoqu{ .13"#D N$1O, \AZ"Arial RegularO` ` `         @  B2WPCXX81%0#g3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"e0S!O, \AZ"Arial RegularO        DoeslispendensworkagainstMurphy?No,sinceMurphysrightswereonrecordwhenME1commencedforeclosure.IfMurphyhadnotacquiredhismortgageuntilafterME1commencedfcl,lispendenswouldhavemadeFarwellsnamingofMurphyunnecessary!+%'1 f$$WPCXX81% L/"g3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"eR/w!O, \AZ"Arial RegularO        Lispendenssaysonedoesnthavetokeeponsearchingtherecordsonceonehasfiledonesforeclosureaction.Personswhoacquirejuniorinterestsafterforeclosureisfiledaredeemedtobepartiestotheforeclosureautomatically.+%'1 f2BP BWPC XX81%z ;/#l3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+' ez ;/"O,wAZ"Arial RegularO` ` `         TheOmittedJuniorsRights:MR@..@` ..`  .. ME1....BMR@..@` ..`  .. ME2'1"!f f  ^          ^f g000kPkPkPk@k@/@@@@000   / k k kkkf h"""sB sB sB s2 s2 2 3 2 3 2 3 2 3 "3 "3 "3 3 3 sssss'1"iDe O,wAZ"Arial RegularO        1stmtg"j HO,wAZ"Arial RegularO        2ndmtg"kAr!O,wAZ"Arial RegularO        Fcl.WPC~ XX81%z/#q3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9D+' ez ;/"O,wAZ"Arial RegularO` ` `         TheOmittedJuniorsRights:MR@..@` ..`  .. ME1....BMR@..@` ..`  .. ME2'1"!f f  ^          ^f g000kPkPkPk@k@/@@@@000   / k k kkkf h"""sB sB sB s2 s2 2 3 2 3 2 3 2 3 "3 "3 "3 3 3 sssss'1"iDe O,wAZ"Arial RegularO        1stmtg"j yHO,wAZ"Arial RegularO        2ndmtg"k2r!O,wAZ"Arial RegularO        Fcl."l#e/O,wAZ"Arial RegularO        ME1rts-----------MRrts m # .O,wAZ"Arial RegularO        ME2rts+(('1"! n".." o"..g "g  p)$)$))WPCXX81%U. 3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+%1"!"T5Q-bWPCXX81      !"#$%&'()*+,-./01256978% e*3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%1"!"  *WPCIXX81%X0"f3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9'"eU0!O, \AZ"Arial RegularO` ` `         Example:FMV:....................$100,000ME1debt...............$90,000ME2debt...............$20,000WhatcantheomittedME2do?WPCXX81%6-3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%1"!"fb-bWPC XX81%ey(3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%1"!"  ( "D_U +((%1@*KK@~ :1Q#1"!L*KK@E/3 E}C d277@*KK@RBbRCQ$PLVb*n@*KK@RB2.?[R^@*KK@RBh42g6@*KK@RB2<Hv@W8v^vvz+'1"d% HO, \AZ"Arial RegularO        MRhat+%'1"! "M s+((%1@*KK@Džf :1Q#1"!L*KK@EbW E}C d277@*KK@DžfbRCQ$PLVb*n@*KK@Džf2.?[R^@*KK@Džfh42g6@*KK@Džf2<Hv@W8v^vvz+'1  lO, \AZ"Arial RegularO        ME1hatWPCXX81%;/#g3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+'"efz;/!O,wAZ"Arial RegularO` ` `         IfME2redeemsup,isME2exercisingequitableredemptionorstatutoryredemption?(Thequestionisimportantbecauseinstatutoryredemptiontheredemptionergetsthefeesimpletitle.)%'1"! fU WPC XX81%G0!n3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+'"exh" 1 O,wAZ"Arial RegularO` ` `         Hol.@..@` ..`  .. Citicorp.. .. @..@Citicorp.Hol.@..@` ..`  .. Grillo.... .. @..@Pessin'1"!r"fwgbfj}       |z   p!p!p!r"gwgn$r$n$"""""!   ! " " "t!"t!"t!r"hwcfc         r"i###0" 0" 0" 0"0" @@@@@@@@@ 0"0"0"0"0"'1"j3x 1#O,wAZ"Arial RegularO        1stmtg."kwE@N)U#O,wAZ"Arial RegularO        Fcl.filedOct.19"lx dYO,wAZ"Arial RegularO        2ndmtg. mt .7O,wAZ"Arial RegularO        Assignmentre-corded.Oct.16WPCXX81%.: 3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+%1"!"nQ-QWPCwXX81%u21#q3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*.3"e 44!O, \AZ"Arial RegularO        @  Randols` ..`  .. ..h..h..Portland .. x..x .. (#..(#PortlandRandols` ..`  .. ..h..h..CPA.13n*f6 -      !!!n*g9|      !!!.13"hi $O, \AZ"Arial RegularO        @  Mortg."iacO, \AZ"Arial RegularO        @  Jdgmt.Mar.21.13n*j6x      !!!.13"lP +O, \AZ"Arial RegularO        @  Fcl.FiledMar.24"nG-/%O, \AZ"Arial RegularO        @  CPApurportedtoredeemunderstatute"o_ O, \AZ"Arial RegularO        @  9Oct.1951:"p0 O, \AZ"Arial RegularO        @  PortlandpaidoffCPAsjudgment;WPClXX81%R0"p3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*3"e=VYk0^"O, \AZ"Arial RegularO        @Becker` ..`  .. ..LandA.p..p.. .. x..xLandA.X..X....` ..`  .. ..2T/DsandJdgmt13f"g=f!f!f!iiiiv iv v <v <v <v <V"<V"<V"V"iV"iV"iF#iF#iF#f"hf!f!f!iiiiv iv v <v <v <v <V"<V"<V"V"iV"iV"iF#iF#iF#f"i=<$<$<$444=   T NT N $$13"jbB!#O, \AZ"Arial RegularO@@@        @Inst.K"kk0/"O, \AZ"Arial RegularO@@@        @Fcl.filedJune26"lO /O, \AZ"Arial RegularO@@@        @Recorded27Juneto31Oct."m##pO, \AZ"Arial RegularO        @Bautista13z:nfIi f!f!f!iiiiv iv v <v <v <v <V"<V"<V"V"iV"iV"iF#iF#iF#13"oVD0_ @O, \AZ"Arial RegularO        @Arethe3lienholders omittedjuniors?Whynot?Whatkindofredemptionisproper?WPCXX81%k\'Qf3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*.3"eBG('O, \AZ"Arial RegularO        @  Theend WPCXX81%^Zb0$3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,93"S/#O, \AZ"Arial RegularO        @ME1rts:` ..`  .. FarwellME2rts:` ..`  .. MurphyMRrts..:` ..`  .. Farwell.+0013$"@^G"v/G"v/2^2WPCXX81%y