Elson Development Co. v. Arizona Savings & Loan Ass'n

McFarland, Justice.

Appellee, the Arizona Savings and Loan Association, an Arizona corporation in receivership, hereinafter designated as Arizona Savings, brought suit against the El son Development Company, an Arizona corporation, as principal defendant, hereinafter designated as Elson, and others to recover the balance due on a note, in the principal sum of $2,086,808.32 — together with various items of interest, cost of suit, foreclosure search, taxes, and $88,000 in attorney’s fees —and to foreclose a realty mortgage given by Elson to secure the payment of the money due on the note.

Elson…