UNION BANK & TRUST CO. v. FARMWALD DEVELOPMENT CORP.

Docket No. 100652.

181 Mich. App. 538 (1989)

450 N.W.2d 274

UNION BANK & TRUST COMPANY, NA v. FARMWALD DEVELOPMENT CORPORATION

Michigan Court of Appeals.

Decided December 19, 1989.


Attorney(s) appearing for the Case

Varnum, Riddering, Schmidt & Howlett (by Benham R. Wrigley, Jr., Nyal D. Deems and Thomas A. Hoffman), for Union Bank & Trust Company, N.A.

Visser & Bolhouse (by Donald R. Visser), for Johnson Carpet, Inc.

Before: MAHER, P.J., and HOLBROOK, JR., and SAWYER, JJ.


PER CURIAM.

This is an appeal by defendant, Johnson Carpet, Inc., from a circuit court order determining various substantive and priority issues respecting multiple mortgage interests in the same residential real property. We affirm in part, reverse in part and remand for further proceedings.

This action arose from the financial failure of Farmwald Development Corporation in connection with its development of two residential subdivisions. Farmwald financed...

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