MEMORANDUM OPINION AND ORDER AFFIRMING BANKRUPTCY COURT
SPELLMAN, District Judge.
THIS is an appeal from the bankruptcy Court, the Honorable Thomas C. Britton, Bankruptcy Judge, Final Judgment dated April 16, 1981.
In this case, All American (Appellant) owned property called River Ranch, subject to a first mortgage by the Trustees of GAC Corporation (GAC), and a second mortgage by Elgin State Bank (Elgin). After default on all the mortgages, there...
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