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MAMMOTH CAVE PRODUCTION CREDIT ASS'N v. GROSS

No. 2 CA-CIV 5061.

141 Ariz. 389 (1984)

687 P.2d 397

MAMMOTH CAVE PRODUCTION CREDIT ASSOCIATION, a foreign corporation, Plaintiff/Appellant, v. Edward Lee GROSS and wife, Maleese Ione Gross, Defendants/Appellees.

Court of Appeals of Arizona, Division 2.

Review Denied September 20, 1984.

Attorney(s) appearing for the Case

Michael A. Carragher, Safford, for plaintiff/appellant.

C. Robert Pursley, Safford, for defendants/appellees.

OPINION

HOWARD, Judge.

Charles Ray and his former wife Edna owned a residence and service station in Safford, Arizona. They moved to Kentucky and bought a farm from the Grosses. The balance of the purchase price was secured by a note and deed of trust in favor of the Grosses. In order to stock the farm with cattle, the Rays borrowed money from Mammoth Cave Production Credit Association (PCA). The loan was evidenced by a promissory note and secured by a second...

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