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deed of trust |
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Under the plan, the city and S & Y Capital Group, a subsidiary of the underwriter of the Trade and Commerce Center bonds, would jointly pay $1 million to a partnership called the Antelope Valley Project, holder of a promissory note secured by a deed of trust on the site. 6 million National Golf common shares and NGOP partnership units to Bank of America and American Golf noteholders, and granted a second deed of trust on a property that the company didn't identify. The purchasers of each unit made a down payment, signed a promissory note for the balance of the purchase price, and gave H and W a deed of trust to secure the note. |
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