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RESOLUTION TRUST CORP. v. PALMETTO FORT

Civ. A. No. 2:92-1743-18.

831 F.Supp. 510 (1993)

The RESOLUTION TRUST CORPORATION as Conservator for Cooper River Federal Savings Association and as Receiver of Cooper River Federal Savings Bank, Plaintiff, v. PALMETTO FORT OF MT. PLEASANT, a Limited Partnership, Palmetto Resources, Inc., Residual Resources, Inc., and Harriet Romano, Defendants.

United States District Court, D. South Carolina, Charleston Division.

August 26, 1993.

Attorney(s) appearing for the Case

G. Dana Sinkler, Charleston, SC, for plaintiff.

Donald J. Budman, Lawrence E. Richter, Jr., Charleston, SC, for defendants.

ORDER

NORTON, District Judge.

This matter is before the court upon plaintiff's motion for summary judgment pursuant to Fed.R.Civ.P. 56. Plaintiff seeks summary judgment as to all defenses and counter-claims of the defendants.

I. BACKGROUND1

This matter involves a Note and a Construction Loan Agreement (hereinafter "Construction Agreement") executed by Cooper River Federal Savings Bank

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