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MALOUFF v. MIDLAND FEDERAL SAVINGS AND LOAN ASS'N

No. 25663.

509 P.2d 1240 (1973)

Virginia A. MALOUFF, Individually, and as a representative of a class, Plaintiff-Appellee, v. MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION, Defendant-Appellant, Gordon Price, Defendant.

Supreme Court of Colorado, En Banc.

As Modified on Denial of Rehearing June 4, 1973.

Attorney(s) appearing for the Case

Cole, Hecox, Tolley, Edwards & Hero, Lawrence A. Hecox, Michael R. Bromley, Colorado Springs, for plaintiff-appellee.

Fairfield & Woods, Charles J. Beise, Charlton H. Carpenter, Denver, for defendant-appellant.

No appearance for Gordon Price, defendant.

LEE, Justice.

This appellate proceeding was transferred on motion from the Court of Appeals in view of the significant public interest in the subject matter of the appeal and because of the major significance of the legal principles involved. 1969 Perm. Supp., C.R.S.1963, 37-21-9. The principal issue concerns the validity of the acceleration clause contained in a deed of trust, a matter of first impression in Colorado. The clause in controversy, sometimes designated...

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