American National Bank v. Clark

In American Nat. Bank v. Clark, 11 Neb. App. 722, 660 N.W.2d 530 (2003), this court determined that Gregory R. Clark, Cheryl Ann Clark, and their mortgagee, First Union Mortgage Corporation (First Union) (collectively the defendants), were subrogated to the rights of two previous mortgageholders, North American Savings Bank (North American) and First Bank, on property which the Clarks had purchased from Michael Tesmer and Lori Tesmer. American National Bank (ANB) held a mortgage on the same property which was inferior to the two mortgages the defendants had paid at the time the Clarks…