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FIRST INTERSTATE BANK v. COLCOTT PARTNERS

No. 91CA0489.

833 P.2d 876 (1992)

FIRST INTERSTATE BANK OF DENVER, N.A., Plaintiff-Appellee, v. COLCOTT PARTNERS IV and David L. Hofer, Defendants-Appellants.

Colorado Court of Appeals, Div. III.

June 4, 1992.

Attorney(s) appearing for the Case

John R. Mallory, Dennis E. Baker, Denver, for plaintiff-appellee (on the briefs).

Hughes & Dorsey, Susan L. Linsley, Denver, for plaintiff-appellee.

Sparks Dix Enoch, P.C., Barton L. Enoch, Randall N. Sickler, Colorado Springs, for defendants-appellants.

Opinion by Judge REED.

Defendants, Colcott Partners IV (Colcott) and David L. Hofer, appeal the order entered in favor of plaintiff, First Interstate Bank of Denver, N.A., denying their motion to set aside a settlement stipulation. We affirm.

On July 29, 1986, Colcott executed a promissory note payable to plaintiff in the amount of $330,000. The note was secured by a deed of trust executed on the same day encumbering real property owned by Colcott.

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