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NATIONAL ACCEPTANCE COMPANY OF AMERICA v. MARDIGIAN

Civ. A. No. 26806.

259 F.Supp. 612 (1966)

NATIONAL ACCEPTANCE COMPANY OF AMERICA, a Delaware corporation, Plaintiff and Cross Defendant, v. Henry C. MARDIGIAN, Barbara J. Mardigian, Stephen Dombek and Annie Dombek, Defendants and Cross Defendants, and M.B.M. Fabricators, Inc. and National Bank of Wyandotte, a Federal banking corporation, Defendants and Cross Plaintiffs.

United States District Court E. D. Michigan, S. D.

September 30, 1966.

Attorney(s) appearing for the Case

Edward M. Miller, Levin, Levin, Garvett & Dill, Detroit, Mich., and Schimberg, Greenberger, Krauss & Jacobs, Chicago, Ill., for plaintiff.

John E. MacDonald, Tinkham, Snyder & MacDonald, Wayne, Mich., for Stephen Dombek and Annie Dombek.

John P. Babcock, Babcock & Babcock, Detroit, Mich., for Henry C. Mardigian and Barbara J. Mardigian.

Frank I. Kennedy, Detroit, Mich., Richard W. Look, Wyandotte, Mich., of counsel, for M.B.M. Fabricators, Inc. and National Bank of Wyandotte.

OPINION

FREEMAN, District Judge.

On October 16, 1961, defendant Union Wrecking Company, Inc. (Union) signed an installment negotiable note payable to the order of plaintiff, National Acceptance Company (N.A.C.), in the amount of $250,000. The last installment was due on April 20, 1964. This note was secured by a mortgage upon certain property in Romulus Township, Wayne County, Michigan (herein referred to as the Romulus property). In addition, Henry and...

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