Howarth v. First National Bank of Anchorage

OPINION

Before RABINOWITZ, C. J., and CONNOR, ERWIN, and BOOCHEVER, JJ- CONNOR, Justice.

This is an appeal from the superior court’s granting of appellee First National Bank of Anchorage’s motion for summary judgment.

I

In August of 1961, Philip J. Howarth, appellant, 1 was the owner of an improved piece of real property located in Spenard, Alaska. 2 At that time the First National Bank of Anchorage, appellee, was the beneficiary of a first deed of trust security interest in the property and prior to September 6 or 7, 1961, retained in its possession certain policies of insurance written by…