First Gibraltar Bank, FSB v. Farley

OPINION

HARDBERGER, Justice.

This is an appeal from a summary judgment on a suit to recover a deficiency on a promissory note. First Gibraltar originally filed suit against Tanquist and Farley to collect the deficiency. Both parties moved for summary judgment which was granted to Farley and Tanquist. First Gibraltar now appeals.

Factual and Procedural Background

On November 30, 1972, Casa de Madre Limited, a limited partnership, executed a real estate lien note of $775,000.00 to Corpus Christi State National Bank. The payment of this deed of trust was secured by real property owned by Casa Madre…