Northwestern Mutual Life Insurance Co. v. First Interstate Bank of Denver

ENOCH, Chief Judge.

Respondent, Intrawest Bank of Denver (Bank), appeals from an order appointing a receiver on farm property under a petition from Northwestern Mutual Life Insurance Company (Northwest) and the subsequent order which discharged the receiver. We affirm.

Northwest was the holder of a first deed of trust on farm property operated by Tom McCormick and Company (debtor). It provided that upon default and Northwest’s foreclosure, Northwest would have an absolute right to appoint a receiver and have the receiver apply the rents, issues, and profits it collected to the balance of the…