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BLAIR COMPANY v. AMERICAN SAVINGS COMPANY

No. 37209.

169 N.W.2d 292 (1969)

184 Neb. 557

BLAIR COMPANY, a Corporation, Appellant, v. AMERICAN SAVINGS COMPANY, a Corporation and William C. Ramsey, Appellees.

Supreme Court of Nebraska.

June 27, 1969.

Attorney(s) appearing for the Case

Webb, Kelley, Green & Byam, Omaha, for appellant.

Crosby, Pansing, Guenzel & Binning, Lincoln, for appellees.

Heard before WHITE, C. J., and CARTER, SPENCER, BOSLAUGH, SMITH, McCOWN and NEWTON, JJ.

BOSLAUGH, Justice.

This is an action for a declaratory judgment to determine the validity of the Nebraska Trust Deeds Act, sections 76-1001 to 76-1018, R.R.S.1943.

The facts are not in dispute. The plaintiff Blair Company executed and delivered a note secured by trust deed to the defendant American Savings Company. A default occurred and notice of default was recorded on February 23, 1968. This action was then brought to declare the Nebraska Trust Deeds Act...

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