Labels:book | reckoner | sky | tree | windowpane OCR: seen Hastings' 1988 appraisal, but lad serious misgivings about the adequacy of the bond collateral and believed the developer SEA violating the bond covenants it this date we ate operating on a1 appraisal that is over 16 months old. In light of the declining prop- erty values in Colorado Springs and the foreclosure sales, many of which have occurred within the vicin- ity of the collateral. an appraisal that reflects prOp- erty values similar those piznn for the 1986 appraisal record shoutd De suspect and not relied or without further independent check Trustee you have the authority name an indepcndent praisal [sic] if you are you satisfied. appears that the officers of the Stetson Hills Builcing Authority have failed tc conform the Bond Covenants to which they agreed F1 the terest the bon ...
(.png)
