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FIRST STATE BANK OF OR. v. MEADOW LAKE STABLES

No. 35760; CA 19185.

640 P.2d 662 (1982)

55 Or.App. 917

FIRST STATE BANK OF OREGON, an Oregon Corporation, Respondent, v. MEADOW LAKE STABLES, Inc., an Oregon Corporation; Frank Vereecken; Virginia S. Freeman; William R. Batey and Dora A. Batey, Husband and Wife; Lee A. Kirchem and Alice E. Kirchem, Husband and Wife; Forest Dean Moyer; Steve Miller; C.F. Molt; Ruth Molt; Manson R. Castor; Carl E. Castor; Janice M. Castor; Albert Troutman; Ogden Farms, Inc.; Gerald R. Neuman; Emma H. Dunn; M. Olsen; State of Oregon, Acting through Its Director of Veterans' Affairs; Elmo M. Mills; Yamhill County, a Political Subdivision of the State of Oregon; Dacy Wayne; Vivian Wayne; Defendants, Roy J. Smallwood and Connie L. Smallwood, Husband and Wife; Clarence C. Wickware and Clara R. Wickware, Husband and Wife; Jimmy D. Elliott; Jane Doe Elliott; James Foster and Louwana Foster, Husband and Wife; Respondents, Ralf H. Erlandson and Patricia A. Erlandson, Husband and Wife, Appellants.

Court of Appeals of Oregon.

Decided February 8, 1982.

Attorney(s) appearing for the Case

James K. Gardner, Hillsboro, filed brief for respondents Roy J. Smallwood and Connie L. Smallwood, Clarence C. Wickware and Clara R. Wickware, Jimmy D. Elliott and Jane Doe Elliott, and James Foster and Louwana Foster.

Terry G. Hannon, Virgilia S. Culver and Gleason, Scarborough, Trammell & Hannon P.C., Gresham, filed brief for respondent First State Bank of Oregon.

Ralf H. Erlandson and Patricia A. Erlandson, Aurora, filed brief pro se.

Before BUTTLER, P.J., JOSEPH, C.J., and WARREN, J.

BUTTLER, Presiding Judge.

Appellants appeal from a decree of foreclosure. We review de novo and affirm.

In January, 1970, Daniel and Margie Durham executed a mortgage to the State of Oregon covering some 115 acres in Yamhill County. That mortgage is a first lien on the property subject to this proceeding and is not at issue here.

In 1970, Durham and appellant Ralf Erlandson formed Meadow Lake Stables, Inc., and Ralf Erlandson acquired a one...

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