Legal Opinion

Hillside Associates v. Miriam Hospital, 95-3787 (1996)

Superior Court of Rhode Island

Decided March 20, 1996No. C.A. No. 95-3787Published

1Opinion of the Court

DECISION

This is an application for preliminary injunction to prohibit the defendant from foreclosing a mortgage it holds on real estate, known as "Sears Plaza" on North Main Street in the City of Providence. The plaintiff executed the mortgage to Marquette Credit Union, (hereinafter simply "Marquette") on August 7, 1990 to secure the plaintiff's payment of a note issued by the plaintiffs to evidence its obligation to repay funds loaned to it by Marquette pursuant to a loan agreement entered into on that same day.

It is undisputed that Marquette loaned the plaintiffs approximately $2.2 million…

2Cases cited9 opinions

  1. D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
  2. Beech Aircraft Corp. v. RaineySupreme Court of the United States · 1988
  3. City of Pawtucket v. SundlunSupreme Court of Rhode Island · 1995
  4. Rhode Island Depositors Economic Protection Corp. v. BrownSupreme Court of Rhode Island · 1995
  5. Federal Savings and Loan Insurance Corporation, as Receiver for Commodore Savings Association v. R. Judd Cribbs, Etc., Consolidated Federal Savings Bank, Intervenor-Appellee v. R. Judd Cribbs, Etc.Court of Appeals for the Fifth Circuit · 1990

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