Torgerson-Forstrom H.I. of Willmar, Inc. v. Olmsted Federal Savings & Loan Ass'n

COYNE, Justice.

This action for breach of contract and tortious interference with contract arises out of defendant savings and loan associations’ refusal to consent to the plaintiff mortgagor’s sale of the mortgaged property without an increase in the interest rate. At issue is the extent to which a mortgagee’s agreement that “consent shall not be unreasonably withheld” limits the enforceability of a due-on-sale clause. Plaintiffs appeal from the order of the Kandiyohi County District Court for summary judgment in favor of the defendants. We affirm.

Appellant Torgerson-Forstrom H.I. of Willmar,…