Maine National Bank v. F/V Cecily B (O.N. 677261)

MEMORANDUM OF DECISION AND ORDER ON DEFENDANTS’ MOTION TO SET ASIDE DEFAULT AND FOR LEAVE TO FILE A LATE ANSWER

GENE CARTER, District Judge.

This case is before the Court on a motion to set aside default and for leave to file a late answer, filed on March 11, 1987 by Defendants Snelling R. Brainard, Caroline P. Brainard, Seabank Industries, Ltd., and Brainard Conservation Trust (“the Guarantor Defendants”). For the reasons stated herein, the motion is denied.

I. Background

The action arises out of a promissory note and mortgage executed by Defendant Rockland Fleet Corporation (“RFC”) and now held…