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AMFAC MORTG. CORP. v. ARIZONA MALL OF TEMPE

No. 1 CA-CIV 4194.

127 Ariz. 70 (1980)

618 P.2d 240

AMFAC MORTGAGE CORPORATION, an Oregon Corporation, Appellant, v. ARIZONA MALL OF TEMPE, INC., a Minnesota Corporation; Reppel Steel & Supply Company, an Arizona Corporation, Appellees.

Court of Appeals of Arizona, Division 1, Department A.

Rehearing Denied September 11, 1980.

Review Denied September 25, 1980.

Attorney(s) appearing for the Case

Streich, Lang, Weeks & Cardon by William S. Hawgood, II, and Jeffrey Willis, Phoenix, for Amfac Mortg. Corp.

Meyer, Vucichevich & Cimala by Ronald H. Cimala, and John S. Schaper, Phoenix, for Reppel Steel & Supply Co.

OPINION

DONOFRIO, Judge.

This appeal concerns the attachment and enforcement of security interests under the Arizona version of The Uniform Commercial Code.

This action arose out of a shopping mall construction project that aborted prior to completion. A foreclosure suit was instituted by appellant Amfac Mortgage Corporation (Amfac), construction lender against Arizona Mall of Tempe, Inc. (Arizona Mall) owner-developer; Watson Construction Co. (Watson...

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