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ADAMS v. FEDALASKA FEDERAL CREDIT UNION

No. S-2018.

757 P.2d 1040 (1988)

Virginia J. ADAMS, Appellant, v. FedALASKA FEDERAL CREDIT UNION, Appellee.

Supreme Court of Alaska.

June 24, 1988.

Attorney(s) appearing for the Case

Ronald A. Offret, Aglietti, Pennington & Rodey, Anchorage, for appellant.

David D. Clark and Colleen J. Murphy, Cummings, Clark & Tugman, Anchorage, for appellee.

Before RABINOWITZ and COMPTON, JJ., and BRYNER, J. Pro Tem.

OPINION

COMPTON, Justice.

This case raises issues concerning collection on a note secured by a second deed of trust.

I. FACTUAL AND PROCEDURAL BACKGROUND

In April 1983, Virginia Adams signed a promissory note in favor of FedAlaska Federal Credit Union (FedAlaska) for $36,250 plus interest. Concurrently, as security for the loan, Adams signed a deed of trust naming FedAlaska beneficiary. The deed of trust was a second deed of trust on the...

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