American National Bank v. Blaeser

KELLEY, Justice.

Plaintiff American National Bank of Brainerd (Bank) appeals from an order granting summary judgment in favor of defendants Lawrence J. and Clarice A. Blaeser in this suit for a deficiency judgment following a mortgage foreclosure. The sole issue on appeal is whether a foreclosing mortgagee may elect a 12-month redemption period under Minn.Stat. § 580.-23, subd. 2 (1980), as opposed to a 6-month redemption period under Minn.Stat. § 580.-23, subd. 1 (1980), and thereby preserve a right to a deficiency judgment. We conclude that the legislature did not intend to permit such a…