Holderness v. Lands West, Inc.

Jordan, Justice.

This appeal is from the grant of a temporary *453injunction and denial of a motion for summary judgment in Carroll Superior Court.

Lands West, Inc., plaintiff-appellee, gave a deed to secure debt to Sidney Holderness III, defendant-appellant in 1973. The security deed contained the following covenant: "Grantor covenants and agrees, so long as any indebtedness secured hereby shall remain unpaid, to keep the property and all improvements thereon in as good condition as now exists, natural wear and tear excepted; and not to demolish, destroy, or remove any permanent structure now…