Adams v. FedAlaska Federal Credit Union

757 P.2d 1040 (1988)

Virginia J. ADAMS, Appellant,

v.

FedALASKA FEDERAL CREDIT UNION, Appellee.

No. S-2018.

Supreme Court of Alaska.

June 24, 1988.

Ronald A. Offret, Aglietti, Pennington & Rodey, Anchorage, for appellant.

David D. Clark and Colleen J. Murphy, Cummings, Clark & Tugman, Anchorage, for appellee.

Before RABINOWITZ and COMPTON, JJ., and BRYNER, J. Pro Tem.[*]

OPINION

COMPTON, Justice.

This case raises issues concerning collection on a note secured by a second deed of trust.

I. FACTUAL AND PROCEDURAL BACKGROUND

In April 1983, Virginia Adams signed a promissory note in favor of FedAlaska Federal…