I am doing a ROW project and ran into this NPA recorded in May, this year.  It is for $10,600,000.00.  There are 3 companies who have promissory notes for millions w/the current title owner, an LLC,  having one for $4,400,000.00.  The other 2, all names start w/United;  one is a LP and the other a Ltd. It states the Ltd is the owner, which is not so.    The FMV on this property is $74,500.00.  In 13 yrs. of title searching including commercial, have never seen this and even asked an attorney who had no clue.  I couldn't find "negative pledge agreement" in Black's law - checked on the internet for the term & it seems a borrower promises to not borrow any more $$ on any property.  Can any of you explain?  Thank you in advance!!