ALL-INCLUSIVE PURCHASE MONEY NOTE SECURED BY DEED OF TRUSTAll-Inclusive Purchase Money Note • November 12th, 2009 • Shopoff Properties Trust, Inc. • Real estate investment trusts
The undersigned, SPT-LAKE ELSINORE HOLDING CO., LLC, a Delaware limited liability company (“Maker"), promises to pay to TSG LITTLE VALLEY, L.P., a California limited partnership (“Payee"), the sum of Two Million Nine Hundred Thousand Dollars ($2,900,000.00), with interest thereon at the rate herein below set forth, commencing on the date hereof.
