Kapelus v. Newport Equity Funds, Inc.
California Court of Appeal
1Opinion of the Court
Opinion
COLOGNE, Acting P. J.
Marvin B. and Audrey Kapelus appeal the order dissolving the preliminary injunction which had been granted in their action against Newport Equity Funds, Inc. (NEF), Newport Equity Fund Trust 295 (Trust 295), D. M. Sutherland and Real Estate Securities Service.
On October 2, 1980, the Kapeluses executed a note secured by a second deed of trust payable to Trust 295 in the amount of $225,000. The note provides for payment of interest only in monthly installments of $3,187.50, due on the fifth day of each month for 35 months beginning December 5, 1980. The note provided…
2Cases cited2 opinions
- In Re Marriage of MilletCalifornia Court of Appeal · 1974
- Babb v. WeemerCalifornia Court of Appeal · 1964
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- Coleman v. Gulf Insurance GroupCalifornia Supreme Court · 1986
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