RAINIER NAT. BANK v. BACHMANN

No. 53286-9.

111 Wn.2d 298 (1988)

757 P.2d 979

RAINIER NATIONAL BANK, Appellant, v. WILLIAM F. BACHMANN, JR., ET AL, Respondents.

The Supreme Court of Washington, En Banc.

July 15, 1988.


Attorney(s) appearing for the Case

Graham & Dunn and Philip H. Brandt (John L. Bley, of counsel), for appellant.

Karl D. Haugh, for respondents.


BRACHTENBACH, J.

This case concerns the claim of a secured creditor to payments from the government to the debtor, pursuant to the federal Dairy Termination Program, described hereafter.

The secured creditor, Rainier National Bank (Bank) alleges a principal debt in default in the amount of $881,616.48. Bank claims security in the form of a real estate mortgage, a deed of trust, and perfected security agreements on collateral described hereafter.

Bank...

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