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SECURITY TITLE COMPANY v. PAYLESS BUILDERS SUPPLY

No. 10269.

17 Utah 2d 179 (1965)

407 P.2d 141

SECURITY TITLE COMPANY, A CORPORATION AS TRUSTEE, AND PRUDENTIAL FEDERAL SAVINGS AND LOAN ASSOCIATION, A CORPORATION, PLAINTIFFS AND RESPONDENTS, v. PAYLESS BUILDERS SUPPLY, AKA PAYLESS BUILDERS SUPPLY CO., A UTAH CORPORATION, ET AL., DEFENDANTS AND APPELLANTS.

Supreme Court of Utah.

November 1, 1965.

Attorney(s) appearing for the Case

John Elwood Dennett, Salt Lake City, for defendants and appellants.

Earl P. Staten, Salt Lake City, for plaintiffs and respondents.

WADE, Justice:

The Security Title Company, as trustee, and the Prudential Federal Savings and Loan Association, plaintiffs and respondents herein, brought an action under the provisions of Sec. 57-1-23, U.C.A. 1953, as amended, to foreclose in the manner provided for foreclosure of mortgages a trust deed given for the benefit of the Prudential Federal Savings and Loan Association, by the Payless Builders Supply to secure a debt evidenced by a promissory note for ...

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