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Robin v. Crowell
Steve and Marta Weinstein owned several parcels of vacant land, which they anticipated developing. Plaintiffs, including Cathleen Robin, loaned the Weinsteins $450,000 secured by a deed of trust on one of the properties. Later, without Plaintiffs’ knowledge, the Weinsteins and Defendant Al Crowell recorded a second deed of trust on the property securing a $250,000 promissory note for a loan from Crowell.
The note between Plaintiffs and the Weinsteins permitted Plaintiffs to accelerate their loan in the event a tentative subdivision map for the development of the property was not approved by January 1, 2008. Indeed, after the deadline passed without approval of a tentative subdivision map, Plaintiff Robin accelerated the loan due date to April 5, 2008, and the Weinsteins failed to pay the loan by that accelerated due date.