Aetna Life Insurance Co. v. Slack

Defendant/appellant James D. Slack, Jr., appeals a summary judgment granted in favor of plaintiff/respondent, Aetna Life Insurance Company. Summary judgment was granted September 18, 1986 by the Honorable Robert Holmstrom in the Thirteenth Judicial District, Carbon County, Montana. We affirm in part and remand in part.

On August 14, 1979, Bear Creek Land and Cattle Company (Bear Creek), a Montana partnership, executed a promissory note with Aetna Life Insurance Company in the amount of $2,500,000. The loan was secured by executing a “mortgage deed and security agreement” on property owned by…