DIECKMEYER v. REDEV. AGENCY OF THE CITY OF HUNTINGTON BEACH, G031869
Partial performance of a secured obligation does not extinguish the lien. Since the deed of trust secures both the note and the affordable housing restrictions, payment of the former will not affect the security for the latter; plaintiff can prepay the loan without defendant's new conditions, but is not entitled to reconveyance of the trust deed.
- Decided 05/21/2004
- Published 05/21/2004
- California Court of Appeal
- For Appellees:
- Jennifer McGrath, City Attorney, and Scott F. Field, Assistant City Attorney, for Defendants and Appellants., Craton & Switzer and Curt R. Craton, Long Beach, for Plaintiff and Respondent.