Lewiston Bottled Gas Co. v. Key Bank of Maine

CLIFFORD, Justice.

Plaintiff Lewiston Bottled Gas Company (LBG) appeals from an order of summary judgment entered by the Superior Court (Androscoggin County, Perkins, J.) in favor of defendant Key Bank of Maine in this declaratory judgment action brought to determine the rights of the parties with respect to ninety heating and air-conditioning units installed in the Grand Beach Inn at Old Orchard Beach. We agree with the Superior Court that Key Bank’s mortgage gives it priority over LBG’s purchase money security interest in the units and we affirm the judgment.

In July 1986, Key Bank loaned…