First Interstate Bank v. Heritage Square, Ltd.
New Mexico Supreme Court
1Opinion of the Court
OPINION
FROST, Justice.
After trial to the bench1, judgment was entered in favor of plaintiff, First Interstate Bank of Lea County, on its complaint for foreclosure and money due against defendants Marczyk and Lombard on property leased to Heritage Square, Ltd., holder of a second mortgage on the subject property. Heritage appeals the judgment contending that a modification of the lease permitted it to offset an amount from each monthly payment to be applied to its debt, and that the court’s judgment prejudiced its right to collect amounts due under two promissory notes. We affirm in part and…
2Cases cited2 opinions
- Cave v. CaveNew Mexico Supreme Court · 1970
- Union Dime Savings Bank v. 522 Deauville AssociatesNew York Supreme Court · 1977
3Cited by1 opinion
- State Ex Rel. Udall v. Public Employees Retirement BoardNew Mexico Court of Appeals · 1994