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RAMPART CAPITAL CORP. v. EGMONT CORP.

No. 09-99-146 CV.

18 S.W.3d 318 (2000)

RAMPART CAPITAL CORPORATION, Appellant, v. EGMONT CORPORATION AND WESTLAND OIL DEVELOPMENT CORPORATION, Appellees.

Court of Appeals of Texas, Beaumont.

Decided May 25, 2000.

Attorney(s) appearing for the Case

Stephen G. Scholl, Hirsch & Westheimer, Houston, for appellant.

William T. Fowler, Bryan Patrick Fowler, Conroe, Betsy Kamim, Woodard, Hall & Primm, Houston, for appellee.

Before WALKER, C.J., BURGESS and STOVER, JJ.

OPINION

RONALD L. WALKER, Chief Justice.

On May 28, 1982, Westland Oil Development Corporation executed a $4,000,000 promissory note payable to Killeen Savings & Loan Association. The note was secured by a deed of trust securing an interest in an undivided 40% interest in certain real property located in Montgomery County, Texas, and required monthly payments through May 28, 1987. On April 1, 1983, Fort Hood National Bank acquired an 8.182% participation...

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