Eron Lenders
Project Name: #1142, 1143 and 1144 - 1107 Pacific Drive-2nd, 3rd and 4th Mortgages
Borrower: Hilda Schiel
Lender update

January 19, 1998

Accounting completed and demand for payment made on borrowers and guarantors on December 23, 1997;

expect application for foreclosure action to be heard before end of month.


Yours truly

Judicial Trustee

Eron Lenders





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