$35,000 1st TD 2 year note; First payment due May 25, 2007, interest only payment $350/ mo. @ 12% interest. Note runs through April 25, 2009. Property payment has been late but has recently been brought back up to date. Property located in Arnold, is .75 ac in a subdivision with homes on both sides of it lots in the area are selling for $135,000, will need to get a good estimate of sales in the area in 2008. Loan to value ratio 26%.

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