Family Federal Savings & Loan Ass'n v. Paradise Ventures, Inc.

Defendant Healy (receiver) appeals from that portion of a foreclosure decree entered in the circuit court of Lincoln County which decreed that plaintiff has a first and prior lien on the real property which was the subject of the foreclosure suit, and declaring that defendant Healy’s "receiver’s lien” is ninth in priority.

The material facts are not in dispute, and need not be elaborated in detail. Plaintiff was the holder of a first mortgage lien on certain real property in Lincoln Comity owned by defendant Paradise Ventures, Inc. Subsequent to the recording of plaintiff’s mortgage, defendant…