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NORTHLAND MORTGAGE CO. v. ROYALWOOD ESTATES, INC.

No. 38529.

206 N.W.2d 328 (1973)

190 Neb. 46

NORTHLAND MORTGAGE COMPANY, formerly known as General Mortgage Investments of St. Paul, Inc., a Minnesota corporation, Appellee, v. ROYALWOOD ESTATES, INC., a Nebraska corporation, et al., Appellants.

Supreme Court of Nebraska.

April 6, 1973.

Attorney(s) appearing for the Case

John W. Delehant, Omaha, for appellants.

Howard Kaslow, Abrahams, Kaslow & Cassman, Omaha, for appellee.

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

BOSLAUGH, Justice.

This is an action to foreclose a real estate mortgage. There is no dispute concerning the plaintiff's right to a decree of foreclosure. The sole issue is the amount due the plaintiff. The trial court found generally in favor of the plaintiff. The defendant Royalwood Estates, Inc., appeals.

The plaintiff is engaged in the mortgage banking business. Its business is the origination and placement of loans as distinguished from the lending of...

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