Coast Bank v. Minderhout

Defendants appeal from a judgment foreclosing an equitable mortgage on certain real property in San Luis Obispo County. .The trial court overruled defendants’ general demurrer and-upon defendants’ failure to answer the complaint decreed foreclosure and ordered a sale of the property. (See Code Civ. Proc., § 585, subd. 4.)

From January 18 to November 12, 1957, plaintiff bank 1 made several loans to Burton and Donald Enright, who executed'a promissory note for the full amount of the indebted ness. In a separate instrument dated January 18, 1957, 2 the Enrights agreed that they would not transfer…