BETWEENLoan Agreement • March 27th, 1997 • Angeles Partners Xi • Real estate
SECURED PROMISSORY NOTESecured Promissory Note • March 27th, 1997 • Angeles Partners Xi • Real estate • California
This Note is entered into pursuant to a Loan Agreement of even date among Angeles Mortgage Investment Trust, a California Business Trust, Fox Run AP XI L.P., a South Carolina limited partnership ("Fox Run L.P.") and Angeles Partners XI, a California limited partnership ("AP XI") and is secured by a Pledge and Security Agreement ("Security Agreement") of even date encumbering AP XI's general partnership interest in Princeton Golf Course Joint Venture, a California general partnership (the "Partnership Collateral").
