Richards v. Security Pacific National Bank

BILLINGS, Presiding Judge:

Security Pacific National Bank appeals from the trial court’s grant of summary judgment concluding the mechanics’ lien of J. Lamar Richards had priority over Security Pacific’s mortgage on the property in question. We affirm.

FACTS

On May 15, 1985, Debra Youngman purchased, under a uniform real estate contract (U.R.E.), residential property located in Salt Lake City. The property was subject to five encumbrances: Three simple deeds of trust totaling $139,130, an “all-inclusive” deed of trust for $284,239.80 in favor of Gail Zscheile, and a second all-inclusive deed of…