Legal Opinion
Price v. Seattle-First National Bank
District Court, W.D. Washington
Decided December 28, 1983No. C81-454BPublishedCited by 5 opinions
1Opinion of the Court
ORDER DENYING MOTION TO PRECLUDE DEFICIENCY
BEEKS, Senior District Judge.
Plaintiff Frank D. Price, Jr. alleges that he was and is the owner of F/V DALENA. He granted a preferred ship mortgage to defendant Seattle-First National Bank (Sea-First) as security for a loan of $97,500. Said mortgage included the following provision:
But if default be made in such payments, or in any one of such payments, or if default be made in the prompt and faithful performance of any of the covenants herein contained ... or if [Price] shall negligently or willfully permit said property to waste, or be damaged or…
2Cases cited2 opinions
- Detroit Trust Co. v. the Thomas BarlumSupreme Court of the United States · 1934
- Crofton Diesel Engine Co., Inc. v. Puget Sound Nat. Bank of TacomaCourt of Appeals for the Ninth Circuit · 1953
3Cited by5 opinions
- Dietrich v. Key Bank, N. A.Court of Appeals for the Eleventh Circuit · 1996
- Nate Leasing Co., Inc. v. WigginsWashington Supreme Court · 1990
- First Federal Savings F.S.B. v. M/Y Sweet RetreatDistrict Court, D. Rhode Island · 1994
- Maryland National Bank v. DarovecDistrict Court, N.D. Illinois · 1993
- Dietrich v. Key Bank, N. A.Court of Appeals for the Eleventh Circuit · 1996