Great Plains Real Estate Development, L.L.C. v. Union Central Life Insurance
Court of Appeals for the Eighth Circuit
1Opinion of the Court
RILEY, Circuit Judge.
At issue is the enforceability of a prepayment premium provision (PPP) contained in a promissory note. Great Plains Real Estate Development, L.L.C. (GPR), the borrower, asserts this provision was either waived or was unenforceable under Iowa law. The lender, Union Central Life Insurance Company (UCL), disagrees. The district court 1 granted UCL’s motion for summary judgment, finding the PPP was not waived and was enforceable and awarding UCL attorney fees and costs under the terms of both the promissory note and the mortgage securing the note. GPR appeals. Finding no…
2Cases cited16 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Hensley v. EckerhartSupreme Court of the United States · 1983
- Morris v. City of ChillicotheCourt of Appeals for the Eighth Circuit · 2008
- Passehl Estate v. PassehlSupreme Court of Iowa · 2006
- Scheetz v. IMT Ins. Co.(Mut.)Supreme Court of Iowa · 1982
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- Phoenix Insurance v. Infogroup, Inc.District Court, S.D. Iowa · 2015
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