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ASSOCIATED INDUS. DEVELOPMENTS v. JEWKES

No. 19374.

701 P.2d 486 (1984)

ASSOCIATED INDUSTRIAL DEVELOPMENTS, INC., a California corporation, Plaintiff and Respondent, v. J. Paul JEWKES and Lorna Jewkes, husband and wife, Defendants and Appellants.

Supreme Court of Utah.

Rehearing Denied May 21, 1985.

Attorney(s) appearing for the Case

E. Hal Vesick, Provo, for defendants and appellants.

Dave McMullen, Payson, for plaintiff and respondent.

ZIMMERMAN, Justice:

Plaintiff and defendants entered into various agreements respecting a piece of real property, culminating in a 1981 agreement providing for sale of the property to defendants. Defendants then mortgaged it back to plaintiff by way of a trust deed and a promissory note. The trust deed provided that in the event of default, it could be foreclosed upon like a mortgage. Defendants defaulted and plaintiff commenced a foreclosure action under the Code...

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