Nature's Sunshine Products, Inc. v. Watson

OPINION

ORME, Judge:

T1 Wayne B. Watson appeals the district court's grant of summary judgment in favor of Nature's Sunshine Products, Inc. The appeal raises an important issue about the extent to which a trust deed's dragnet clause will secure new indebtedness. We affirm.

BACKGROUND 1

112 On November 23, 1987, Watson gave a promissory note to First Security Bank memorializing a home equity line of credit in the amount of $75,000. The promissory note was secured by a trust deed (the First Trust Deed) and constituted a lien against valuable property (Hobble Creek) owned by Watson. The First Trust…