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ORANGE COUNTY TEACHERS CREDIT UNION v. PEPPARD

Docket No. 10631.

21 Cal.App.3d 448 (1971)

98 Cal. Rptr. 533

ORANGE COUNTY TEACHERS CREDIT UNION, Plaintiff and Respondent, v. SALLY V. PEPPARD, Defendant and Appellant.

Court of Appeals of California, Fourth District, Division One.

November 19, 1971.

Attorney(s) appearing for the Case

COUNSEL

Kenneth H. Slimmer and Albert J. Federman for Defendant and Appellant.

Wallace, Brown & Crain and E. Gene Crain for Plaintiff and Respondent.

OPINION

AULT, J.

Sally V. Peppard, the defendant homeowner, appeals from a judgment of the Orange County Superior Court which holds an instrument entitled "Agreement and Assignment of Rents" to be an equitable mortgage, and decrees its foreclosure.

FACTS

On June 24, 1963, Benny L. Zane and his wife Wanda applied for a loan from plaintiff Orange County Teachers Credit Union (Credit Union). The credit application listed...

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