Mogan v. Southern Indiana Bank & Trust Co.

STATEMENT OF THE CASE

NEAL, Judge.

Defendant-appellants, James F. and Shirley Mogan (Mogans), appeal from the War-rick Superior Court's grant of summary Judgment in favor of the plaintiff-appellee, Southern Indiana Bank and Trust Company (Bank), in its action to foreclose on Mo-gan's mortgage.

We affirm.

STATEMENT OF THE FACTS

According to the pleadings and affidavits filed in this matter, in July of 1980, Mogans purchased a new home in Newburgh, Indiana from Sudamar, Inc. At this time the Mogans owned another home in Evansville, which was subject to a mortgage in favor of Bank. The Mogans' equity…