<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">
<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta name=Generator content="Microsoft Word 15 (filtered medium)"><!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:"Bell MT";
panose-1:2 2 5 3 6 3 5 2 3 3;}
@font-face
{font-family:"Californian FB";
panose-1:2 7 4 3 6 8 11 3 2 4;}
@font-face
{font-family:"Bradley Hand ITC";
panose-1:3 7 4 2 5 3 2 3 2 3;}
@font-face
{font-family:"Palace Script MT";
panose-1:3 3 3 2 2 6 7 12 11 5;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
span.EmailStyle19
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Carl I routinely do this type of work every week for the last 20 years. Happy to help unless I am conflicted out.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>-David<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>David D. Shaw, Attorney<o:p></o:p></p><p class=MsoNormal>Shaw Law Group | P.O. Box 12050 | Portland OR | 97212<o:p></o:p></p><p class=MsoNormal>503.221.4260 (tel) | 503.221.4267 (fax) | www.shaw-law.net<o:p></o:p></p><p class=MsoNormal> <img width=250 height=40 style='width:2.6041in;height:.4166in' id="Picture_x0020_1" src="cid:image001.png@01D6718A.1B3BD5A0"><o:p></o:p></p><p class=MsoNormal>Practicing in Indian, business, real estate, and personal injury law.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:10.0pt'>The information contained in this communication is confidential, may be<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>attorney-client privileged, and is intended only for the addressee. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>Unauthorized use, review, disclosure or copying is strictly prohibited. If<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>you have received this communication in error, please notify us by telephone<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>immediately at 503.221.4260 so we can arrange for retrieval of the document<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>at no cost to you.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>Any tax advice contained herein, or in any attachment, is not a covered<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>opinion under Circular 230 and therefore cannot be used, by itself, for the<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>purpose of avoiding tax penalties that may be imposed. If you would like to<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>receive a covered opinion or advice regarding the nature or possible extent<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt'>of tax penalties, please let us know.<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Carl Gay<br><b>Sent:</b> Thursday, August 13, 2020 3:49 PM<br><b>To:</b> 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> [WSBAPT] securing a lending transaction with sovereign Indian tribe<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Dear Listmates,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>My client is re-negotiating a loan to a Tribe.<o:p></o:p></p><p class=MsoNormal>The loan is currently secured by a first deed of trust on a non-reservation parcel.<o:p></o:p></p><p class=MsoNormal>The Tribe seeks a release of the deed of trust and substitute collateral of a pledge of the Tribe’s “full faith, credit and taxing power to the payment of the principal and interest as a first charge upon all revenues of the Tribe ….”.<o:p></o:p></p><p class=MsoNormal>The new promissory note includes a waiver of sovereign immunity and consent to venue in state court in the event of default and collection.<o:p></o:p></p><p class=MsoNormal>Has anyone had any experience with such a pledge for collateral and who might be willing to share some advice?<o:p></o:p></p><p class=MsoNormal>Many thanks.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Carl Gay<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='text-align:justify;line-height:15.0pt;mso-line-height-rule:exactly;page-break-after:avoid;text-autospace:none'><span style='font-size:14.0pt;font-family:"Bradley Hand ITC";letter-spacing:-.1pt'>CARL LLOYD GAY<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:15.0pt;mso-line-height-rule:exactly;page-break-after:avoid;text-autospace:none'><span style='font-size:12.0pt;font-family:"Palace Script MT";letter-spacing:-.1pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Bradley Hand ITC";color:#C00000;background:white'>Non nobis solum nati sumus</span><span style='font-size:14.0pt;font-family:"Bradley Hand ITC";color:#C00000'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Times New Roman",serif;color:black;background:white'> “Not unto ourselves alone are we born” </span><span style='font-size:9.0pt;font-family:"Times New Roman",serif;background:white'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Palace Script MT";letter-spacing:-.1pt'> ~</span><span style='font-size:8.0pt;font-family:"Times New Roman",serif;color:black;background:white'>the motto of Willamette University~</span><o:p></o:p></p><p class=MsoNormal style='text-align:justify;line-height:15.0pt;mso-line-height-rule:exactly;page-break-after:avoid;text-autospace:none'><span style='font-size:12.0pt;font-family:"Palace Script MT";letter-spacing:-.1pt'> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:15.0pt;mso-line-height-rule:exactly;page-break-after:avoid;text-autospace:none'><span style='font-size:16.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>G</span><span style='font-size:12.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>REENAWAY, </span><span style='font-size:16.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>G</span><span style='font-size:12.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>AY, </span><span style='font-size:16.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>M</span><span style='font-size:12.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>EDINA </span><span style='font-size:16.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>& M</span><span style='font-size:12.0pt;font-family:"Bell MT",serif;letter-spacing:-.1pt'>YERS<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:15.0pt;mso-line-height-rule:exactly;page-break-after:avoid;text-autospace:none'><span style='font-size:12.0pt;font-family:"Californian FB",serif;letter-spacing:-.1pt'>Attorneys and Counselors at Law <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Californian FB",serif'>734 East First Street Suite A<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Californian FB",serif'>Port Angeles, Washington 98362<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Californian FB",serif'>Email <a href="mailto:carl@greenawaylawfirm.com">carl@greenawaylawfirm.com</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Californian FB",serif'>Telephone (360) 452-3323 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Californian FB",serif'>Facsimile (360) 452-3724 <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:8.0pt'>THIS EMAIL TRANSMISSION IS INTENDED FOR THE EXCLUSIVE USE OF THE INDIVIDUAL OR ENTITY TO WHOM IT IS ADDRESSED, AND MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION THAT IS COVERED BY THE ELECTRONIC COMMUNICATIONS PRIVACY ACT (18 USC §§ 2510-2521). IF YOU ARE NOT THE INTENDED RECIPIENT OR AGENT RESPONSIBLE TO DELIVER THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR; PLEASE NOTIFY US IMMEDIATELY BY TELEPHONE AND/OR EMAIL AND DELETE THE ORIGINAL MESSAGE. THANK YOU <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>