Associates Financial Services Co. of Utah v. Sevy

DEAN E. CONDER, Judge:

The Defendants Harold and Winona Sevy appeal from a judgment of the district court permitting Associates Financial Services Company of Utah (“Associates”) to foreclose their interest in certain irrigation company stock. We affirm.

In 1981, the Sevys sold about thirteen acres of land in Garfield County to Kyle and Cindy Stewart, along with 39 shares of the Long Canal Company, which for many years had furnished irrigation water to the land. 2 To secure payment of the purchase price, the Sevys were beneficiaries of a trust deed covering both the land and the irrigation…