KLEINFELD, Circuit Judge:
The FDIC sued on a promissory note for FSLIC as successor to a failed savings and loan association. The debtors on the note claim that the suit is barred by Montana's "one action rule." Montana and several other states have a statute providing for "but one action" on a mortgage and the promissory note secured by it. The district court granted summary judgment for the FDIC, but we reverse.
I. Facts.<...
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