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FLEET BANK OF MAINE v. MATTHEWS

Civ. No. 91-079-P-C.

795 F.Supp. 492 (1992)

FLEET BANK OF MAINE, Plaintiff, v. F. John MATTHEWS and Jacqueline E. Norton, Defendants, Pauline Matthews, Martell Brothers, Inc., Gregory A. Martell, and Joseph L. Martell, Parties-in-Interest.

United States District Court, D. Maine.

April 29, 1992.

Attorney(s) appearing for the Case

Paula Ramsbotham, Thompson, McNaboe, Ashley & Bull, Portland, Me., for plaintiff Fleet Bank of Maine.

Stephen C. Chute, Susan J. Parcels, Portland, Me., for defendant Matthews.

Francis Jackson, Portland, Me., for defendant Martell.

OPINION

GENE CARTER, Chief Judge.

This case arose out of Plaintiff Fleet Bank of Maine ("Plaintiff" or "Fleet Bank")1 seeking foreclosure of realty owned by Defendants John Matthews and Jacqueline Norton ("Defendants"), that was provided as collateral for a promissory note ("Note" or "1985 Note") dated May 28, 1985 in the principal amount of $52,000 for which they were comakers. See Exhibit 2. Defendants had executed,...

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