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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Hagge v. Drew, 27 Cal. 2d 368 (1945)

Citation
Hagge v. Drew, 27 Cal. 2d 368 (1945)
Parent Document
Hagge v. Drew, 27 Cal. 2d 368 (1945)
Jurisdiction
California (state)
Effective Date
1945-12-14

Other Sections in This Document (51)

Full Text

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and all payments made on principal may be applied upon releases desired to be made by the trustor; that trustor will subdivide Parcel No. 4 of the property within six months after the date of the trust deed and “Should said improvements on said Parcel 4 be completed and paid for in such manner and within said time, then Beneficiary at his option may declare all obligations secured hereby immediately due and payable without notice to Trustor, his successors or assigns”; and in the event Parcel 4 is not subdivided then the trustor may not have a release of any of the property. Most of those provisions are plainly aimed at the giving of permission by the beneficiary to a release of property and the assurance that the debt will be paid and the property remain security when partial releases occur.