Legal Opinion
Farm Credit Bank of Spokane v. Stevenson
Idaho Supreme Court
Decided February 24, 1994No. 20347PublishedCited by 129 opinions
1Opinion of the Court
McDEVITT, Chief Justice.
I
BACKGROUND AND PROCEDURE
On June 11, 1981, the Federal Land Bank of Spokane (the “Bank”) loaned appellant, Lynn E. Stevenson (“Stevenson”), $1,000,000 for the purchase of farm land. The loan was secured by a mortgage on the land. Installment payments on the loan were scheduled for the first day of each year, the first coming due January 1, 1982. Stevenson did not pay the first installment as scheduled, and made an interest payment on March 16,1982. Stevenson made no additional payments until November of 1990.
On July 26, 1984, the Bank filed a complaint of foreclosure…
2Cases cited17 opinions
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- Olsen v. J.A. Freeman Co.Idaho Supreme Court · 1990
- Doe v. DurtschiIdaho Supreme Court · 1986
- Badell v. BeeksIdaho Supreme Court · 1988
- Harris v. Cassia CountyIdaho Supreme Court · 1984
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3Cited by129 opinions
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