BACK v. UNION LIFE INS. CO.

No. CA 81-375.

634 S.W.2d 150 (1982)

Alice L. BACK and Rosa H. Lasker, Individually and as Trustee, Appellants, v. UNION LIFE INSURANCE COMPANY, Appellee.

Court of Appeals of Arkansas.

June 9, 1982.


Attorney(s) appearing for the Case

Eichenbaum, Scott, Miller, Crockett, Darr & Hawk, P.A., by C. Richard Crockett, Little Rock, for appellants.

Davidson, Plastiras, Horne, Hollingsworth & Arnold, P.A., Little Rock, for appellee.


COOPER, Judge.

Appellants agreed to sell certain real property to Mr. Arch Pettit for the sum of $161,000.00, with $45,000.00 as a down payment and a remaining balance of $116,000.00 secured by a note and mortgage. A deed of trust was also executed, contemporaneously with the execution of the mortgage, in favor of the appellee in the original principal sum of $200,000.00. Appellants agreed to subordinate their mortgage to the appellee's deed of trust. Mr. Pettit defaulted...

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