Los Angeles, California, April 10, 1905.

For a Valuable Consideration, I hereby agree to deduct three per cent per annum from the interest on the mortgage note for the principal sum of $3000 in my favor, signed by Jules Verne, dated April 10th, 1905, Provided said debtor pays annually all taxes and assessments levied against the property covered by the mortgage securing said note and upon said mortgage and the debt secured thereby, during the continuance of said note unpaid, and presents to the undersigned, proper official receipts showing such payment; said payment to be made before any such taxes or assessments respectively become delinquent.

This is in no wise to be considered as an agreement binding said debtor to pay said taxes or assessments, but is only a right or privilege which said debtor can exercise or not at his option.

Walter Scott.