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dSnnuly <br />£5(H'B\T <br />i <br />t. Cary Pataraan <br />Dr. Dennis S. Killisn <br />Morthco Financial Corporation <br />Dacanbar 11« 1981 <br />Page 6 <br />Pfcvioualya tha partnership agraamant had bean axacutad, and copies <br />of tha partnership agraanent have already bean delivered to you. <br />A corrective mortgage executed by Northco at closing to correct a <br />typographical error and discrepancy in the previous mortgage in favor <br />of?. Cary Petersen (attached as Exhibit 43) was not recorded because <br />the expense of correcting the error exceeded the $9.00 discrepancy in <br />the mortgage. <br />Essentially, therefore, title to the property is now as follows: <br />1. Lots 30, 31, and 32: <br />Fee owner: Tonka Lake Properties <br />Fijfst mortgaoee on Lot 30: Midwest Federal in the amount of <br />$94,OOO.Oo7 <br />Second mortoaoee on Lot 30: Gladys Olson in the amount of <br />$50,000.00. <br />U-.First mortgagee on Lot 31: Gladys Olson in the amount of <br />$20,000.00r <br />First mortgagee on Lot 32: Gladys Olson in the amoxint of <br />$20,000.00. <br />H**:. <br />2. Lots 21-29, 33 <br />Fee owner and Contract Vendor; Richfield Bank & Trust Co. <br />Contract Vendee: Tonka Lake Properties <br />Mortoaoee of Vendee* s Interest; P. Cary Petersen in the amount <br />of $36,679.89 <br />V * ■ ***