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FEDERAL SAVINGS & LOAN INS. CORP. v. TREASTER

No. 62,549

13 Kan. App. 2d 305 (1989)

770 P.2d 481

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, as Receiver for FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF BELOIT, Beloit, Kansas, Appellant, v. ELDON J. TREASTER, BETTY J. TREASTER, and TREASTER FARMS, INC., Appellees.

Court of Appeals of Kansas.

Opinion filed February 24, 1989.

Attorney(s) appearing for the Case

Daniel K. Diederich, of Kennedy, Berkley, Yarnevich & Williamson, Chartered, of Salina, for appellant.

Don W. Noah, of Noah & Harrison, P.A., of Beloit, for appellee.

Before RULON, P.J., BRISCOE and BRAZIL, JJ.

BRAZIL, J.:

Federal Savings and Loan Insurance Corporation (FSLIC) appeals from a district court order extending the six-month statutory redemption period on mortgage foreclosures by 60 days.

Eldon and Betty Treaster renewed a note for $244,338.61 from First Federal Savings and Loan Association of Beloit, Kansas (First Federal). The note was secured by a mortgage on two tracts of land. The note was further secured by two security agreements which gave First...

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