Maine National Bank v. F/V Explorer

MEMORANDUM OF DECISION • AND ORDER

GENE CARTER, District Judge.

This case involves the action of Maine National Bank (MNB, or the Bank) to foreclose on two duly recorded preferred ship mortgages on the F/V EXPLORER, the mortgagor being in each case one Grover Nix (Nix). 1 MNB alleges that Nix has defaulted on the payment of sums due and owing, and brings this in rem admiralty proceeding, pursuant to Supplemental Rules for Certain Admiralty and Maritime Claims C and E, and 46 U.S.C. § 951. (Supp. Ill 1982).

Now pending before the Court are the following motions: Defendant’s Motion for Relief From…