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BRAND v. FIRST FEDERAL SAV. & L. ASS'N OF FAIRBANKS

Nos. 1154, 1119.

478 P.2d 829 (1970)

Richard BRAND, d/b/a Brand Plumbing & Heating, Appellant, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF FAIRBANKS, Appellee. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF FAIRBANKS, Appellant, v. Richard BRAND, d/b/a Brand Plumbing & Heating, Appellee.

Supreme Court of Alaska.

December 18, 1970.

Attorney(s) appearing for the Case

George M. Yeager, Fairbanks, for Richard Brand.

Richard R. Cole, Walter Sczudlo, Fairbanks, for First Federal Savings & Loan.

Frederic E. Brown, Fairbanks, for Edison W. Crafton, as amicus curiae.

Before DIMOND, RABINOWITZ, and CONNOR, JJ., and STEWART, Superior Court Judge.

OPINION

RABINOWITZ, Justice.

Richard Brand, doing business as Brand Plumbing and Heating, filed a four-count complaint against First Federal Savings and Loan Association of Fairbanks and others to foreclose mechanics' liens. In its answer, First Federal affirmatively alleged that as to every parcel the owners had given it promissory notes secured by deeds of trust. It was further asserted that First Federal had recorded these deeds of trust and had posted...

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