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ASSOCIATES FINANCIAL SERVICES v. SLAUGH

No. 900415.

850 P.2d 1278 (1993)

ASSOCIATES FINANCIAL SERVICES, a corporation, Plaintiff and Appellee, v. Franklin L. SLAUGH and Cheryl D. Slaugh, Defendants and Appellants.

Supreme Court of Utah.

April 12, 1993.

Attorney(s) appearing for the Case

Bryan W. Cannon, Salt Lake City, for plaintiff and appellee.

Franklin L. Slaugh, Salt Lake City, for defendants and appellants.

DURHAM, Justice:

Defendants Franklin and Cheryl Slaugh appeal from a judgment awarding $32,935.84 to plaintiff Associates Financial Services. We affirm.

In November 1982, the Slaughs entered into a loan agreement with Associates and executed a promissory note for $33,104.14 plus interest. A trust deed on property in Sandy, Utah, secured the note. Associates' lien was a second mortgage, junior to a mortgage held by Utah Mortgage Loan Corporation.

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