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FOS ERMSHEPARD LfF <br />AND <br />DONNELLY <br />P. Gary Petersen <br />Dr. Dennis S. Killian <br />Northco Financial Corporation <br />December 11, 1981 <br />Page 7 <br />Title is still encumbered by several defects, which are addressed in <br />my letter to Gordon Taylor attached as Exhibit 44. These must be <br />corrected or future payments could be escrowed. <br />Very my yours, <br />By <br />' iD is J. T;6 <br />DJT/g9 <br />CC: Mark Saliterman <br />