Mortgage Guarantee Co. v. Lee

Respondents on February 17-, 1939, instituted the instant action for specific performance to obtain possession of real property situate in the city of Los Angeles, improved with two hotel buildings, known as the Euston Hotel and the Rutland Hotel, pursuant to the terms of a trust deed executed by Junior Capital Company, Ltd., on February 6, 1937, in favor of respondent Mortgage Guarantee Company, as beneficiary, and in which Title Guarantee and Trust Company was named trustee, to secure the payment of a promissory note for the sum of $187,000, being the balance of the purchase price of said…