Norwest Bank North Dakota, N.A. v. Frederick
North Dakota Supreme Court
1Opinion of the Court
LEVINE, Justice.
Gerald Frederick (Frederick) appeals from a judgment granting foreclosure of a real estate mortgage held by Norwest Bank North Dakota (Norwest). We affirm.
Norwest brought a foreclosure action after Frederick defaulted on an $80,000 loan. In its notice before foreclosure, Norwest notified Frederick of its election to accelerate the entire debt. The notice also stated that, if he acted within thirty days, Frederick could “cure the defaults, decelerate the debt and reinstate the mortgage” by paying the amount immediately past due plus interest. Frederick made no payments within…
2Cases cited2 opinions
- State Bank of Kenmare v. LindbergNorth Dakota Supreme Court · 1989
- Metropolitan Building & Loan Ass'n v. WeinbergerNorth Dakota Supreme Court · 1937
3Cited by2 opinions
- First Western Bank & Trust v. WickmanNorth Dakota Supreme Court · 1995
- Resolution Trust Corp. v. GosbeeNorth Dakota Supreme Court · 1995