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n <br />PARCEL, MAURO, HULTIN & SPAANSTRA <br />David Berry <br />Page Two <br />November 24, 198E <br />Glass Livestock, d/b/a GL Gravel (Case No. 85 CV 497, Larimer <br />County District C'ourt). University National Bank holds a <br />foreclosure decree for the property and a money judgement <br />issued on May 24, 1985 for $212,185.44 against John Glass and <br />Glass Livestock, d/b/a GL Gravel.. As of this date that <br />judgement has not. been satisfied and, accordingly, University <br />National Bank ha: status as a judgment creditor. We will. be <br />obtaining a formal writ of garnishment from the District Court <br />and will have that document served upon your office. We <br />believe that the writ of garnishment will require you to <br />forward the certificate of deposit, which is an asset which has <br />been foreclosed upon, to the University National Bank. In that <br />regard, please transmit the certificate of deposit to my <br />attention at this office and we will make the necessary <br />arrangements to transmit the document to the bank. <br />Please contact me immediately if you or your counsel have <br />any questions concerning this letter or the subsequent writ of <br />garnishment. <br />We appreciate your continued cooperation in this matter. <br />Very truly yours, <br />~.~o~a.,....~a-a-a- <br />Dean R. Mas <br />DRM:mmi <br />