Umpqua Savings & Loan Ass'n v. Security Bank

Plaintiff appeals a summary judgment which declared that defendant’s trust deed is superior to plaintiffs trust deed on “vacated Edwards Avenue.”1 We affirm.2

In December 1979, the Leucks and the Lairds, as owners, gave defendant, as beneficiary, a recorded trust deed on property in the City of Coos Bay to secure a loan of $150,000. The trust deed described parcels immediately north and south of Edwards Avenue by metes and bounds and provided:

“Borrower * * * grants and conveys to trustee * * * in trust, with power of sale, the following described property located in the County of Coos, State…