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Judgment under which petitioner was required to: (1) Make
monthly child support payments of $1,250 until July 2, 2002; (2)
place $100,000 in trust for the benefit of Lillian Talmage before
December 21, 2001;10 (3) pay Kumiko Talmage a money judgment of
$1,400,000 and execute a first trust deed document encumbering
the Rivercliff property to secure payment of the judgment; (4)
pay interest on any unpaid portion of the $1,400,000 judgment
after December 31, 2001, at a 9-percent per annum simple rate.11
The stipulated judgment also stated that Kumiko Talmage agreed to
a stipulated protective order dated August 8, 2000, requiring her
to refrain from discussing the terms and the provisions of the
marriage settlement. Kumiko Talmage also agreed to convey her
50-percent interest in the Rivercliff property to petitioner. On
August 20, 2001, a bargain and sale deed transferring Kumiko
Talmage’s 50-percent interest in the Rivercliff property to
petitioner was recorded in Multnomah County, Oregon.
On August 21, 2001, petitioner signed a trust deed prepared
by Mr. Seymour granting the Rivercliff property to trustee,
Chicago Title Insurance Co., to be held for the benefit for NCPL
for the purpose of securing payment of $4,856,172 with interest
pursuant to the terms of the promissory note.
10 If the $100,000 was not transferred by Dec. 31, 2001, the
full amount would accrue interest at a 9-percent rate until paid.
11 On Feb. 4, 2005, NCPL paid $1,400,000 to Kumiko Talmage
to satisfy the judgment against petitioner.
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Last modified: March 27, 2008