JLJ, Inc. v. Rush Building Co. (In re JLJ, Inc.)

FINDINGS OF FACT

L. CHANDLER WATSON, Jr., Bankruptcy Judge.

At Anniston, Alabama, on April 19 and 20, 1990, there was tried before the Court *326that aspect of the above-styled adversary proceeding whereby the Court is requested to determine to whom the plaintiff should make the payments on its promissory notes to Karen Rush for $1,050,000, secured by a purchase-money mortgage on its real property, as between Karen Rush and Rush Building Company, Inc.

Upon a due consideration of said issue and of the stipulations of the defendants, of the evidence presented, and of the facts admitted, the Court…