Deposit Insurance Bridge Bank, N.A. v. McQueen

OPINION

DUGGAN, Justice.

This is an appeal from a take-nothing judgment following a bench trial. The underlying suit is a promissory noteholder’s action to recover from the note’s maker the deficiency remaining after default and foreclosure under a deed of trust.

On November 1, 1982, appellees, Mike McQueen and Terry H. McQueen (“the McQueens”), executed and delivered to appellant’s predecessor, MBank San Felipe (“the Bank”),1 a promissory note in the original principal sum of $550,000, payable November 1, 1983. Simultaneously, the McQueens executed and delivered a deed of trust conveying…