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HURLOCK FOOD PROCESSORS INVESTMENT ASSOCIATES v. MERCANTILE-SAFE DEPOSIT AND TRUST CO.

Nos. 101, 102, September Term, 1993.

98 Md. App. 314 (1993)

633 A.2d 438

HURLOCK FOOD PROCESSORS INVESTMENT ASSOCIATES, ET AL. v. MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY. THE HURLOCK FOOD PROCESSORS, INC., ET AL. v. MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY.

Court of Special Appeals of Maryland.

December 2, 1993.

Attorney(s) appearing for the Case

Lawrence G. Bohlen, Cambridge, for appellant, Hurlock.

Stanton J. Levinson, Bethesda, for appellant, Neubauer.

Nell B. Strachan (Venable, Baetjer and Howard, on the brief), Baltimore, for appellee.

Argued before BLOOM, FISCHER and MOTZ, JJ.

MOTZ, Judge.

These companion cases are appeals from the order of the Circuit Court for Dorchester County overruling exceptions to two related mortgage foreclosures and ratifying the foreclosure sales.

(i)

In September, 1988, appellee, Mercantile Safe Deposit & Trust Co. (Mercantile or the bank), loaned a total of $3,525,000 to appellant, The Hurlock Food Processors, Inc. (HFP), for the operation of a vegetable cannery. The loans were governed...

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