Transcription of Document FFDoc-1262.pdf

May 3, 1975

Dear Betty & Tony

As I told you on the telephone, this is the agreement your family reached in order to help you out of your present financial situation and to protect mothers home. A copy of this is going to each member of the family.

1.) The family will try to meet your debt obligations.

2.) We will need an itemized statement from your lawyer, listing creditors and the amounts owed to each, so that we will know the amount needed for the required mortgage.

3.) We will require you now to sign off your share in the house, subject to individual sibbling adjustment of your share after final settlement of the house sale, after mothers death. No guarantee of sibbling adjustment to your benefit at that later date.

4.) We will need power of attorney from you to be able to negotiate mortgage in the amount of the debt determined by lawyer in 2.) above, presuming such arrangement can be made on basis that Betty/Tony delay initiation of bankruptcy proceedings.

5.) Any payments of proceeds from mortgage or any other monies (as on a temporary emergency basis to cover critical court situations.) to be made to the creditors through your lawyer and not to you.

6.) All incidental expenses (bank fees, appraisal fees, lawyer fees for sibbling, phone bills, travel fees to be paid by the St. Jacques.

7.) All forgoing to be predicated on mothers agreement that all proposed arrangements are OK by her.

8.) It is assumed that the bank providing the mortgage money will furnish a real estate appraisers figure as to the worth of the property. In the event of inability to secure the bank's appraisal figure, a separate appraisal will be made by a Brooklyn real estate appraiser for purposes of present and future property evaluation.

9.) Provided all sibblings agree, Francis J. Shields will act as principal for the sibbling group in these proceeedings.

If any sibbling desires, his shares of Betty/Tony debt can be provided as a cash, rather than on a pro-rata share of the mortgage agreement.