APPLICATION OF CHURCH

No. 90CA2149.

833 P.2d 813 (1992)

In the Matter of the Application of Myrtle M. CHURCH and Vaughn D. Church, Applicants-Appellees, For an Order Authorizing the Appointment of a Receiver Under a Power Contained in a Deed of Trust and Pursuant to Statute and Concerning J. Richard Sajbel, Appellant.

Colorado Court of Appeals, Div. II.

Rehearing Denied March 19, 1992.

Certiorari Denied August 17, 1992.


Attorney(s) appearing for the Case

Lamborn & Moritz, P.C., Douglas L. Lamborn, Colorado Springs, for applicants-appellees.

Braden, Frindt & Stinar, P.C., Ronald Frindt, Colorado Springs, for appellant.


Opinion by Judge TURSI.

The primary issue requiring our determination on appeal is the time at which the applicable statute of limitations begins to run when the holder of an installment debt accelerates the maturity date of the entire obligation after default by commencing an action to foreclose the underlying security. The trial court held that because the applicants, Myrtle M. and Vaughn D. Church, did not previously exercise their option to accelerate the maturity...

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