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Ronald B. Talmage and his spouse, Kumiko W. Talmage are
as of the date of this Agreement, undergoing a marital
separation (beginning with the departure of Kumiko from
The Property as of March 21, 2000), possibly to result
in divorce (subsequent to the Kumiko’s filing with the
County of Multnomah, State of Oregon, USA dated June 1,
2000),
and
Kumiko has also requested and the Family Court of the
County of Multnomah, State of Oregon, USA has
subsequently issued Court Order dated the 1st of June,
2000, that personal finances of the husband and wife
collectively and respectively are to be restrained,
and
Subsequent to Kumiko’s filing and Court Order, there
has arisen a possible new risk as to the security and
repayment of The Loan, and a possible question
concerning further funds to be loaned by the Lender to
the Borrower,
-- The undersigned hereby agree to the following:
(1) As of the date of signing of this Agreement,
Borrower and Lender hereby confirm that the sum total
of principal loaned to Ronald B. and Kumiko W. Talmage
collectively via The Loan currently stands at:
US$3,431,319.65 (Three million four hundred thirty-one
thousand three hundred nineteen US Dollars and sixty-
five cents).
(2) The Borrower reconfirms all commitments, repayment
and security as per the terms of The Loan, respective
of Kumiko’s present or future claims or position on the
matter.
(3) The Lender hereby requests the Borrower to record a
First Mortgage in favor of the Lender, on The Property.
In light of the recent divorce filing by Kumiko, and
subsequent Financial Restraining Order, the Borrower
hereby confirms that he will do his best to secure this
Mortgage for the Lender, and/or provide additional
collateral to further secure The Loan.
(4) The Lender reconfirms his intent to assist the
Borrower via additional funds to be loaned through
completion of the planned improvements on The Property,
as per the original terms and conditions of The Loan.
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Last modified: March 27, 2008