Legal Opinion

First Federal Savings & Loan Ass'n v. Drake

Supreme Court of Arkansas

Decided March 20, 1989No. 88-288PublishedCited by 1 opinion

1Opinion of the Court

Steele Hays, Justice.

On March 18, 1986, the appellees, David K. Drake, Bettye J. Drake, Bob Berry, and Karin Berry executed a real estate mortgage to the appellant, First Federal Savings & Loan Association of Paragould. This mortgage was filed on July 31, 1986, in the Mortgage Records of Greene County, Arkansas. Paragraph 2(h)(7) of this mortgage provided that the maturity of the principal indebtedness which the mortgage secured could be accelerated by the appellant “if the mortgagor or assignee sells or conveys (or contracts to sell or convey) all or any part of the mortgage property without…

2Cases cited9 opinions

  1. 3-W Lumber Co. v. Housing AuthoritySupreme Court of Arkansas · 1985
  2. Sherman v. G & H TRANSPORTATION, INC.Supreme Court of Arkansas · 1985
  3. Tulio v. Arkansas Blue Cross & Blue Shield, Inc.Supreme Court of Arkansas · 1984
  4. Arkhola Sand & Gravel Co. v. HutchinsonSupreme Court of Arkansas · 1986
  5. Kilcrease v. ButlerSupreme Court of Arkansas · 1987

4 more not listed; retrieve them via the Exa API.

3Cited by1 opinion

  1. Continental Ozark, Inc. v. LairCourt of Appeals of Arkansas · 1989

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