Legal Opinion
Freese Leasing, Inc. v. Union Trust & Savings Bank, Stanwood
Supreme Court of Iowa
Decided May 25, 1977No. 2-58536PublishedCited by 52 opinions
1Opinion of the Court
McCORMICK, Justice.
This appeal involves the attempted enforcement of dragnet clauses in two real estate mortgages. The trial court held the clauses did not cover the indebtedness at issue. We affirm.
Plaintiff Freese Leasing, Inc. initiated this declaratory judgment action to obtain a determination of the balance secured by the two real estate mortgages.
One of the mortgages was on an apartment property. Kenneth E. Proesch and Grace E. Ford, who held title as tenants in common, borrowed $12,000 from defendant Union Trust and Savings Bank on March 23, 1967, and gave the bank a mortgage on the…
2Cases cited14 opinions
- Hamilton v. WosepkaSupreme Court of Iowa · 1967
- Connie's Construction Co. v. Fireman's Fund Insurance Co.Supreme Court of Iowa · 1975
- Northern Natural Gas Company v. ForstSupreme Court of Iowa · 1973
- Emporia State Bank & Trust Co. v. MounkesSupreme Court of Kansas · 1974
- Akamine & Sons, Ltd. v. American Security BankHawaii Supreme Court · 1968
9 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- Soults Farms, Inc. v. Charles J. Schafer v. Soults Farms, Inc.Supreme Court of Iowa · 2011
- Citizens Savings Bank v. Sac City State BankSupreme Court of Iowa · 1982
- Mark Twain Kansas City Bank v. CatesSupreme Court of Kansas · 1991
- Incorporated City of Denison v. ClabaughSupreme Court of Iowa · 1981
- First Security Bank of Utah v. ShiewUtah Supreme Court · 1980
47 more not listed; retrieve them via the Exa API.