n2 The agreement also permitted recordation of the deed if Hakubotan defaulted on its payments due to Camacho, since Camacho held the senior mortgage on two of the parcels of property covered by the mortgage agreement. Although Hakubotan subsequently defaulted on those payments, Hakubotan, Camacho, and Yasuda reached an accommodation, and Furusawa Investment did not record the deed. The events surrounding Hakubotan's default on the Camacho note and subsequent cure are not relevant to the present appeal.