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MEAMBER v. OREGON PACIFIC BANK, INC.

160805035; A141395.

244 P.3d 901 (2010)

239 Or. App. 479

Jeanne MEAMBER, Plaintiff-Appellant, v. OREGON PACIFIC BANK, INC., an assumed business name of Oregon Pacific Banking Co., a domestic business corporation, Defendant-Respondent.

Court of Appeals of Oregon.

Decided December 15, 2010.

Attorney(s) appearing for the Case

Michael Vergamini , Eugene, argued the cause and filed the brief for appellant.

Mario D. Conte , Eugene, argued the cause for respondent. With him on the brief was Hershner Hunter, LLP.

Before SCHUMAN, Presiding Judge, and WOLLHEIM, Judge, and ROSENBLUM, Judge.

ROSENBLUM, J.

Defendant loaned plaintiff $51,500, secured by a trust deed to plaintiff's property. The loan agreement provided that defendant would release the trust deed "upon a payment of principal in the amount of $20,000.00." (Capitalization omitted.) Plaintiff made a number of payments on the loan, and, after those payments totaled more than $20,000 in principal, requested that defendant release the trust deed. Defendant, however, refused to release the trust...

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