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UMPQUA SAV. & LOAN v. SEC. BANK OF COOS CO.

83-1132; CA A29042.

693 P.2d 57 (1984)

71 Or.App. 555

THE UMPQUA SAVINGS AND LOAN ASSOCIATION, a Federal Savings and Loan Association, Appellant, v. SECURITY BANK OF COOS COUNTY, an Oregon Banking Corporation, Respondent.

Court of Appeals of Oregon.

Decided December 19, 1984.

Attorney(s) appearing for the Case

Alan K. Brickley, Portland, argued the cause and filed the brief for appellant.

Martin E. Stone, Coquille, argued the cause for respondent. With him on the brief were Slack, Stone & Gillespie, Coquille.

Before RICHARDSON, P.J., and WARDEN and NEWMAN, JJ.

NEWMAN, Judge.

Plaintiff appeals a summary judgment which declared that defendant's trust deed is superior to plaintiff's trust deed on "vacated Edwards Avenue."1 We affirm.2

In December 1979, the Leucks and the Lairds, as owners, gave defendant, as beneficiary, a recorded trust deed on property in the City of Coos Bay to secure a loan of $150,000. The trust deed described parcels

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