Cadle Co. v. Dejadon

The plaintiff, The Cadle Company, appeals an order of the Superior Court (Hampsey, J.) granting the defendant’s motion to dismiss. We reverse and remand.

In September 1989, the defendant, Robert Dejadon, executed an adjustable rate note in the amount of $222,900.00 to Amoskeag Bank. The note was secured by a mortgage on real property located in Laconia. The mortgage was recorded in the Belknap County Registry of Deeds. In August 1994, the note was acquired from the Federal Deposit Insurance Corporation, as receiver for Amoskeag Bank, by the plaintiff’s predecessor in title. The Cadle Company…