Legal Opinion

First Federal Savings & Loan Ass'n of Gary v. Arena

Indiana Court of Appeals

Decided July 22, 1980No. 3-278A37PublishedCited by 16 opinions

1Opinion of the Court

CHIPMAN, Judge.

CASE SUMMARY

First Federal Savings and Loan Association of Gary, (First Federal), appeals from a grant of summary judgment in favor of Michael and Grace Arena, (Arenas), in a foreclosure action brought by First Federal against the Arenas and their grantee, Sanford G. Richardson, as well as various lien-holders.

First Federal asserts it was erroneous for the trial court to hold that altering the mortgages’ interest rate was a material change which discharged the Arenas from personal liability on the mortgages. According to First Federal, a reservation of rights clause contained in…

2Cases cited13 opinions

  1. Letson v. LowmasterIndiana Court of Appeals · 1976
  2. White v. Household Finance CorporationIndiana Court of Appeals · 1973
  3. Wilson v. KauffmanIndiana Court of Appeals · 1973
  4. Kleen Leen, Inc. v. MylcraineIndiana Court of Appeals · 1977
  5. Union State Bank v. WilliamsIndiana Court of Appeals · 1976

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

3Cited by16 opinions

  1. Gregory and Appel, Inc. v. DuckIndiana Court of Appeals · 1984
  2. First Savings & Loan Ass'n of Central Indiana v. TreasterIndiana Court of Appeals · 1986
  3. Swanson v. Wabash CollegeIndiana Court of Appeals · 1987
  4. First Interstate Bank of Fargo, N.A. v. RebarchekNorth Dakota Supreme Court · 1994
  5. Reeder v. RamseyIndiana Court of Appeals · 1984

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

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