eBook details
- Title: Brent V. Staveris Development Corp.
- Author : Hawaii Court Of Appeals
- Release Date : January 19, 1987
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
On October 31, 1980, Staveris Development Corp., Marmeco Corp. (Marmeco) (collectively Defendants), Jerry and Penny Staveris (Staveris), and Angelo and Elaine Tsakopoulos (Tsakopoulos) executed a promissory note in favor of GECC Financial Corporation (GECC) in the amount of $350,000.00. This note was secured by a mortgage (mortgage) on 3.77 acres of real property commonly called "Kula Lodge" (Kula Lodge), owned by Marmeco and leased to Kula Restaurants, Inc. Also on October 31, 1980, Defendants executed a $470,000.00 promissory note in favor of Brent secured by a second mortgage (second mortgage) on Kula Lodge.