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COMMERCIAL SEC. BANK v. CORP. NINE

No. 15773.

600 P.2d 1000 (1979)

COMMERCIAL SECURITY BANK, a Utah Corporation, Plaintiff and Respondent, v. CORPORATION NINE, a Utah Corporation, et al., Defendants and Appellant.

Supreme Court of Utah.

September 18, 1979.

Attorney(s) appearing for the Case

Donald C. Hughes, Jr., Ogden, for defendants and appellant.

Richard L. Stine, Ogden, for plaintiff and respondent.

STEWART, Justice:

This is an appeal from a judgment in favor of plaintiff, Commercial Security Bank ("Bank"), foreclosing a real estate mortgage on a mobile home development. The Bank purchased a note and mortgage from the surviving joint tenant of the original mortgagees and payees. The note, dated September 28, 1976, was payable in fifteen annual installments. Because of the failure of defendant Corporation Nine ("Corporation") to make the annual payments due in...

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