Berrett v. Stevens

HALL, Chief Justice:

Defendants appeal a judgment from the district court declaring a $10,000 insurance payment to be the property of the plaintiffs and enjoining the defendants from foreclosing on a trust deed. We affirm.

On September 10, 1979, plaintiffs sold property in Weber County, Utah, to defendants R. Michael Stevens and Robert W. Denning and to Wayne J. Burningham and Michael V. Stephens. The property was sold under a uniform real estate contract for a purchase price of $315,000. Plaintiffs agreed to convey title to the property to the buyers by warranty deed when the contract balance…