Farmers & Merchants Bank v. Riede

ALLEN, Judge.

Appellant, Farmers and Merchants Bank (the bank), appeals a trial court order reinstating a satisfied mortgage and determining the appellees, William P. Riede and Francis V. Riede (the Riedes), to have foreclosure priority, pursuant to the reestablished mortgage, over the bank.1 The bank argues on appeal (1) that the trial court erred in reestablishing the satisfied mortgage, because the bank had relied upon the satisfaction in loaning money and taking a mortgage on the same property, and (2) that the statute of limitations barred the Riedes’ action for reestablishment and…