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1'I•:n:R W JOHNSON <br />./OIIN W. WOOD, JR. <br />1;AHY L. l'IILE(;ER <br />Ill< :IIAllll ./. SCIIIEFFER <br />November 2, 1994 <br />LAW OFFICES <br />JOHNSON & WOOD, P.A. <br />1055 EAST WAYZATA BLVD. <br />SUITE 300 <br />WAYZATA, 'MINNESOTA 55391 <br />TELEPHONE (6 l 2) 4 7 5-151 5 <br />TELECOPIER (612) 475-0311 <br />Mayor Edward J. Callahan, Jr. <br />city Council Members <br />CITY OF ORONO <br />P.O. Box 66 <br />Crystal Bay, Minnesota 55323 <br />Re: Property on Bayside Road <br />Dear Mayor Callahan and Members of the Council: <br />OF COUNSEL <br />EARLE J. NlEDt;RLUECKE <br />.JAMES ll. MAcKINNON <br />C. SCOTT MASSIE <br />INVESTIGATOR <br />DAVI[) J. IIERZUCK <br />This letter will certify that I have examined the Registered <br />Property Abstract prepared and certified by Land Title, Inc. for <br />the following described property: <br />Lot 1, Block 1, Bayview Farms, <br />continued down to the 12th day of October, 1994, at 7:00 o'clock <br />a.m. and assuming said abstract to be complete and correct, I am <br />of the opinion that on that date good and marketable record title <br />was vested in Irvin T. Geffre and Marjorie L. Geffre, free from <br />encumbrances and defects, except as follows: <br />1. A Mortgage originally in favor of Bell Mortgage Company, <br />now in favor of Principal Mutual Life Insurance Company, an Iowa <br />corporation, dated September 21, 1993, and recorded November 2, <br />1993, as Document No. 2437595, securing the original principal <br />amount of $53,000.00. This Mortgage constitutes a lien upon the <br />property until paid. You should require that this mortgage be <br />satisfied, or that Principal Mutual Life Insurance Company either <br />signs the Plat, or executes a consent to the Plat.