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IN RE BASS

Bankruptcy No. 7-84-00267 MA.

44 B.R. 113 (1984)

In re George W. BASS and Patsy Bass, Debtors.

United States Bankruptcy Court, D. New Mexico.

November 2, 1984.

Attorney(s) appearing for the Case

Patricia J. Frieder, Albuquerque, N.M., for debtors.

Bill J. Sholer, Albuquerque, N.M., for trustee.

John M. Kulikowski, Albuquerque, N.M., for First Interstate Bank of Albuquerque.

MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter came before the Court on the motion of First Interstate Bank to lift the automatic stay. The issue in the case is whether the mortgage on the residence of Mr. and Mrs. Bass, executed to First Interstate Bank, can be extended to provide security for a pre-existing business debt and a subsequent business debt by virtue of a dragnet clause and future advance clause in that mortgage.

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