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UNITED BANK v. CHICAGO TITLE INS. CO.

No. 98-1903.

168 F.3d 37 (1999)

UNITED BANK, Plaintiff, Appellant, v. CHICAGO TITLE INSURANCE COMPANY, Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided February 12, 1999.

Attorney(s) appearing for the Case

Richard Silver with whom Russell, Lingley & Silver was on brief for appellant.

Joel C. Martin with whom Petruccelli & Martin was on brief for appellee.

Before BOUDIN, Circuit Judge, COFFIN, Senior Circuit Judge, and LYNCH, Circuit Judge.

BOUDIN, Circuit Judge.

In 1992, United Bank of Bangor, Maine, loaned Northern Products, Inc. ("Northern") $1.15 million. The loan was guaranteed by Falcon, Inc., a company under the same ownership as Northern, and secured by a mortgage on Falcon's sporting lodge and 900-acre wilderness property in Maine (the "Spencer Lake property"). The Spencer Lake property includes two miles of lakefront, but its only road access runs from...

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