In Re the Foreclosure of the Deed of Trust From Lake Townsend Aviation, Inc.

COZORT, Judge.

Respondent appeals from two orders authorizing foreclosure under two deeds of trust. The two proceedings have been consolidated for opinion. We remand for additional findings by the trial court on the foreclosure under the first deed of trust, and we affirm the foreclosure under the second deed of trust.

On 22 January 1969, Lake Townsend Aviation, Inc. (Lake Townsend), executed an $8,000 note payable to James H. Williams. The note was secured by a deed of trust on a tract of property owned by Lake Townsend. The terms of the note, which were incorporated by reference into the deed…