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EQUITABLE SAVINGS & LOAN ASSOCIATION v. JONES

522 P.2d 217 (1974)

EQUITABLE SAVINGS & LOAN ASSOCIATION, an Oregon Corporation, Respondent, v. Velma S. JONES et al., Appellants, Joseph J. Kocsis et al., Defendants.

Supreme Court of Oregon.

Decided May 2, 1974.

Attorney(s) appearing for the Case

Leo Levenson, Portland, argued the cause for appellants. With him on the briefs were Ben Day, and Day & Brian, Medford.

John R. Faust, Jr., Portland, argued the cause for respondent. With him on the brief were Cake, Hardy, Buttler, McEwen & Weiss, Portland, and Carl M. Brophy, and Brophy, Wilson & Duhaime, Medford.

Before O'CONNELL, C.J., and DENECKE, HOLMAN, TONGUE, HOWELL and BRYSON, JJ.

HOLMAN, Justice.

Plaintiff sought a judgment on the note of the defendants Kocsis and O'Neill upon which the unpaid balance was approximately $121,000, as well as the foreclosure of a mortgage on the real property of Mr. and Mrs. Jones (Jones) and Mr. and Mrs. Whittle (Whittle) which was security for the payment of the note. No personal judgment was requested against Kocsis and O'Neill for any deficiency that remained on the note after the application of the proceeds...

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