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IN RE STORES

Bankruptcy No. 682-07147, Adv. No. 682-7302.

25 B.R. 156 (1982)

In re Augustus J. STORES, dba Gus Stores Logging Co., Debtor. FIRST INTERSTATE BANK OF OREGON, N.A., a national banking association, Plaintiff, v. Augustus J. STORES, dba Gus Stores Logging Co., Defendant.

United States Bankruptcy Court, D. Oregon.

November 24, 1982.

Attorney(s) appearing for the Case

Donald Churnside, Eugene, Or., for plaintiff.

Derrick McGavic, Eugene, Or., for defendant.

MEMORANDUM OPINION

C.E. LUCKEY, Bankruptcy Judge.

Plaintiff, First Interstate Bank of Oregon, N.A. (Bank), seeks relief from the automatic stay relating to security interest in three parcels of real property securing two notes.

One note relates to an original June, 1981, loan of $57,000 secured only by a first mortgage on property the parties refer to as the Zamarano property consisting of about 45 acres. When purchased by the defendant-debtor for...

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