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Regretfully therefore I am forced to exercise my right
of call on the loan. I will also thus be forced to
impound a suitable portion of Ronald’s salary from New
Century Properties Limited, to be applied as debt
service. The good will extended to you in the
adjustment on Ronald’s salary beginning from May of
2000, thereupon remitting directly to your personal
account the sum of US$4,000 monthly-- shall thus
beginning from this month, be impounded and directly
applied to debt service on the outstanding loan.
Accordingly, I shall prohibit Ronald from remitting any
of his monthly salary to you for your personal
consumption, until such time that you have fulfilled
the requirement of providing mortgaged security on the
outstanding debt. No further funding will be extended
for construction at RiverCliff, or for your marital
settlement, until the mortgaged security has been
confirmed and your marital conflict is resolved.
It is my understanding you have ample funds available
to you anyway, in the form of monies you took from a
joint account held by Ronald and yourself, at the time
of departure from the family home, last March of 2000.
I therefore do not feel you are being at all unjustly
treated in this action.
I am to understand Ronald has begun proceedings with
the County of Multnomah Family Services department, in
attempts to finally be able to communicate with you. I
sincerely hope this may work to resolve this very
unpleasant situation you have brought upon Ronald, your
family, and now reaching to myself and my firm.
Even though Mr. Seki threatened to stop paying petitioner’s
spousal and child support obligations, Kumiko Talmage did not
grant NCPL a security interest in the Rivercliff property and
NCPL did not impound petitioner’s salary or stop funding the
development of the Rivercliff property.
On March 28, 2001, NCPL wire transferred $274,954 to SSI for
the development of the Rivercliff property. During 2001, NCPL
also wire transferred a total of $45,714 to Kumiko Talmage for
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Last modified: March 27, 2008