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SOUTHERN INDUS. REALTY, INC. v. NOE

Civ. No. 81-1572 (JAF).

628 F.Supp. 92 (1986)

SOUTHERN INDUSTRIAL REALTY, INC., Plaintiff, v. William J. NOE; Jorge Lucas P. Valdivieso; and Federal Deposit Insurance Corporation, Defendants.

United States District Court, D. Puerto Rico.

January 29, 1986.

Attorney(s) appearing for the Case

Francisco M. Troncoso, Fiddler, Gonzalez & Rodriguez, San Juan, Puerto Rico, for Southern Indus. Realty, Inc.

Frank L. Skillern, Jr., Myers N. Fisher, Michael B. Burgee, Wayne D. Baller, Federal Deposit Ins. Corp., Washington, D.C., Felstein, Gelpi, Hernandez & Castillo, San Juan, Puerto Rico, for Federal Deposit Ins. Corp.

Charles A. Cuprill-Hernandez, Ponce, Puerto Rico, for Jorge Lucas Valdivieso.

David Carrion Fuentes, Bufete Carrion Fuentes, San Juan, Puerto Rico, for William J. Noe.

MEMORANDUM OPINION AND ORDER OF JUDGMENT

FUSTE, District Judge.

Plaintiff, Southern Industrial Realty, Inc. (SIR) brought this action seeking cancellation of a mortgage on real property which secures payment of a certain promissory note executed and delivered by plaintiff to the former Banco Crédito y Ahorro Ponceño (Bank). Defendant Federal Deposit Insurance Corporation (FDIC) is now the holder of the note having acquired same pursuant to 12 U...

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