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SEATTLE-FIRST NATIONAL BANK v. UMATILLA CTY.

84-5-477; CA A33950.

713 P.2d 33 (1986)

77 Or.App. 283

SEATTLE-FIRST NATIONAL BANK, a National Banking Association, Appellant, v. UMATILLA COUNTY, a Political Subdivision of the State of Oregon, Respondent.

Court of Appeals of Oregon, In Banc.

Decided January 22, 1986.

Resubmitted December 4, 1985.

Reconsideration Denied March 7, 1986.

Review Denied March 25, 1986.

Attorney(s) appearing for the Case

W.G. Kelly Clark, Portland, argued the cause for appellant. With him on the briefs were John Chally, and Bouneff, Chally & Marshall, Portland.

Douglas E. Hojem, Pendleton, argued the cause for respondent. With him on the brief were Patricia Sullivan, and Steven H. Corey, Pendleton.

Resubmitted In Banc December 4, 1985.

WARREN, Judge.

Plaintiff was the owner by assignment of a beneficial interest in a trust deed relating to property in defendant Umatilla County. The assignment was recorded in the mortgage records of Umatilla County on November 5, 1979. The record owner of the encumbered property failed to pay real property taxes for the years 1977 to 1981. The county instituted a tax foreclosure action on May 7, 1982, took a default and...

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