Newman v. American National Bank

ROONEY, Justice, Retired.

This appeal is from a summary judgment in favor of junior mortgagees, such judgment being premised on the proposition that, after foreclosure by the senior mortgagee, the junior mortgages were validated through payment of the redemptive amount by the mortgagor to the senior mortgagee in return for a certificate of redemption and the certificate of sale.

We affirm.

Appellant Newman mortgaged non-agricultural real property owned by him in Laramie County as follows:

1.On April 15, 1985, to the Equality State Bank to secure a note for $25,-000.

2. On July 3,1985, to appellee…