Part 60, page 122

Transcript

The scan is the source; the transcript is machine-generated from it.

quote from the trustee's report to the [redacted] "The [redacted] and his father appeared to be [redacted] in their business dealings and despite the denials of any liability or responsibility on the [redacted] part, the [redacted] father was ultimately persuaded by actions and statements of your petitioner to pay to the Estate [redacted]"

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The trustee worked a compromise with an [redacted] whereby [redacted] would pay the [redacted] estate [redacted] if the trustee would withdraw from a foreclosure action that [redacted] had against property that the [redacted] was purchasing. The original purchase price of the real property was [redacted] and there was considerable discussion as to the legitamacy of the purchase of this property in regards to the [redacted]

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I also quote from [redacted] again, "The bankground to the controversy begins in 1966 when the [redacted] borrowed [redacted] interest from one [redacted] and executed in addition to a promissary note a mortgage as to certain real property in Clallam County, Washington. [redacted] later started a mortgage action to recover the amount loaned. Your trustee intervened in that action and obtained an order vacating a prior order of default as against the [redacted] The trustee set up the affirmative defense of usury and the additional defense that the description of land upon the mortgage document was defective. The matter was first set for trial on December of 1970 and then upon request of Plaintiff's counsel was continued over to February of 1971.

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He earlier, upon 2.180 examination stated that once the proposed written loan papers had been identified as user's and the user had been purged or voided by a new promissary note, he, the [redacted] agreed orally that the [redacted] would pay [redacted] in addition to the [redacted] loaned and to the [redacted] interest charge. [redacted] denies that there had ever been such an oral agreement. The [redacted] says she has no recollection at all. The [redacted] now says that he has only vague memories of this conversation at the time the promissary note was signed. In addition, the [redacted] voracity is less than crystal."

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There was an [redacted] of land owned by the [redacted] during the [redacted] proceedings. I believe this particular parcel of land is the land on which the [redacted] was situated. The legal description is as follows:

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DB Cooper-24786