METROPOLITAN MTG. FD., INC. v. BASILIKO

No. 185, September Term, 1979.

44 Md. App. 158 (1979)

407 A.2d 773

METROPOLITAN MORTGAGE FUND, INC. v. GEORGE BASILIKO ET UX.

Court of Special Appeals of Maryland.

Decided November 8, 1979.


Attorney(s) appearing for the Case

Robert A. Wallace and Harry E. Taylor, Jr., for appellant.

Leonard C. Collins for appellees.

The cause was argued before MOORE, LOWE and LISS, JJ.


LISS, J., delivered the opinion of the Court.

In November of 1972, Metropolitan Mortgage Fund, Inc., appellant (hereinafter, Metropolitan), made loans to a corporation, Crown Oil & Wax Company (hereinafter, Crown) in the amounts of $1,494,800.00 and $912,800.00, respectively. The loans were secured by a deed of trust and two notes in the same amounts. One of the conditions of the loans was that the notes were to be...

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