First American Bank v. Farmers & Merchants National Bank

By Judge Thomas D. Horne

This cause came to be heard upon the cross motions for summary judgment filed by the parties. They have entered into a stipulation of facts deemed relevant to a determination of the case. The Court agrees with the parties that the cause is ripe for summary adjudication on the pleadings and stipulation.

Richard O. Gore and his wife, Laura B. Gore, executed a Deed of Trust and Assignment of Leases and Rents in connection with a loan made to them by First American Bank in the principal amount of $600,000. The Deed of Trust and Assignment of Leases were dated, executed and…