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upr000167 96

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upr000167-096
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Las Yagas - April 10* 1944 R 2—111 Mr, Frank Strong* Referring to my letter March 9 regarding proposed assignment of lease from Leonard Fayle to RFC to cover a loan he is securing from that Government Agency to make Improvements to his buildings on the property. In accordance with our telephone conversation I directed the attention of Mr. Fayle to the fact that this lease is cancellable on thirty days notices and* also invited the attention of Mr. Wallace* of the RFC, to this fact as he was in town this morning* He advises the RFC is cognise of the thirty days termination clause and has no objection. I enclose herewith original and duplicate original of Chattel Mortgage covering (l) equipment* and (3) buildings located on the lease premises. .You will note a provision is included for ^Landowners Consent* on each of these* I do not see that we are particularly concerned with the mortgage on the build­ing in as such as it does not belong to us and if you see no objection, will you kindly execute on be­half of the Railroad Company in the four spaces provided and return to me promptly so Mr, Fayle can secure his loan. WALTER R. BRACKEN