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WESTERN SECURITIES v. NAT. RESERVE LIFE INS.

No. 77-1389.

570 F.2d 269 (1978)

WESTERN SECURITIES COMPANY, a corporation, Appellant, v. NATIONAL RESERVE LIFE INSURANCE COMPANY, a corporation, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided February 8, 1978.

Attorney(s) appearing for the Case

Ronald W. Hunter, Omaha, Neb., for appellant; Duane M. Katz of Hunter, Houlihan & Katz, Omaha, Neb., on brief.

C. E. Heaney, Jr., Omaha, Neb., for appellee; Kennedy, Holland, DeLacy & Svoboda, Omaha, Neb., on brief.

Before WEBSTER and HENLEY, Circuit Judges, and SMITH, Senior District Judge.

WEBSTER, Circuit Judge.

The issue presented on appeal in this case is whether appellant's mortgage loan servicing contract was properly terminated under a clause in the agreement permitting cancellation without penalty under certain circumstances.1 The District Court ruled against appellant. We affirm.

The basic facts of the case are not in dispute.2 Western...

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