Seven Lakes Investment Group, Inc. v. Crowe

This is an action for collection of a note and foreclosure of a mortgage given by Shirley L. Crowe to respondent Seven Lakes Investment Group (Seven Lakes). The note was endorsed by appellants Larrimore and Baker. The special referee found that Larrimore and Baker had not been discharged and remained liable as endorsers on the note. We affirm.

The note in question is a 120 day note which was due January 5, 1986. Prior to the maturity date, Ms. Crowe notified Seven Lakes she would not be able to make timely payment and Seven Lakes agreed not to foreclose immediately. No payment was received,…