Metropolitan Life Insurance v. Promenade Towers Mutual Housing Corp.

CATHELL, Judge.

Metropolitan Life Insurance Company (“Metropolitan”) appeals from an order of the Circuit Court for Montgomery County which granted summary judgment for Promenade Towers Mutual Housing Corp. (“Promenade”). 1 The trial court, in granting Promenade’s Motion for Summary Judgment, found that a subsequent note and deed of trust incorporated prior notes and a deed of trust by reference. The trial court also found, contrary to what it believed the law to be, that a debtor has a right to prepay a note and deed of trust even when the instruments are silent and do not expressly grant…