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CONST. ESCROW SERV. INC. v. ST. CHARLES MOTOR INN CORP.

No. 51211.

724 S.W.2d 603 (1986)

CONSTRUCTION ESCROW SERVICE, INC., Plaintiff-Appellant, v. ST. CHARLES MOTOR INN CORPORATION, et al., Defendants-Respondents.

Missouri Court of Appeals, Eastern District, Division Three.

Motion for Rehearing and/or Transfer Denied January 22, 1987.

Application to Transfer Denied March 17, 1987.

Attorney(s) appearing for the Case

Clyde C. Farris, Clayton, for plaintiff-appellant.

Robert N. Feldmann, St. Louis, for Johnstons & St. Charles Motor Inn.

Stephen L. Kennedy, St. Charles, for Blossoms.

PUDLOWSKI, Presiding Judge.

In August 1971, a Construction and Disbursing Escrow Agreement was entered into by the following parties: St. Charles Motor Inn Corp., as the owner and contractor (St. Charles); First Mortgage Investors, as the mortgagee (FMI) and; Construction Escrow Services, Inc., as the escrowee (Construction Escrow). The sequence of events leading to this action began with a loan to St. Charles. FMI lent St. Charles 1.6 million dollars for construction...

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