SCHAUER, Justice.
The parties appear in the same order of their appearance in the trial court and the facts are not disputed.
The subject property consists of a thirteen-unit motel in the Colorado Springs area. Phillips had purchased the property on October 1, 1962, and was still the record owner. A predecessor in title, one Helen J. Shockley, had, on April 21, 1959, executed her deed of trust on the property to secure the payment...
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