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FEDERAL DEPOSIT INS. CORP. v. TITO CASTRO CONST.

Civ. No. 81-1604(GG).

548 F.Supp. 1224 (1982)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. TITO CASTRO CONSTRUCTION, INC., Defendant.

United States District Court, D. Puerto Rico.

October 14, 1982.

Attorney(s) appearing for the Case

Gabriel Hernandez-Rivera of San Juan, P.R., for plaintiff.

Charles A. Cuprill-Hernandez of Ponce, P.R., for defendant.

DECISION AND JUDGMENT

WATSON,* Judge:

This action is brought by plaintiff Federal Deposit Insurance Corporation (FDIC) against defendant Tito Castro Construction, Inc., to foreclose on a $5,000,000 mortgage on real estate owned by defendant. The mortgage secures an underlying indebtedness in the principal amount of $3,329,825.70, together with interest of $357,450.95. This $3,687...

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