Charter Thrift and Loan v. Cooke

MACY, Justice.

Appellant Charter Thrift and Loan (Charter) sought judgment against appellee Bree Cooke, d/b/a Stagecoach Enterprises (Cooke) for amounts owed on a promissory note secured by a collateral assignment of a lease and a trust deed with an assignment of rents. At the conclusion of a bench trial, the district court directed judgment for Cooke.

We affirm.

Charter presents the following issue:

Was a directed verdict properly entered by the trial court against the appellant, where a landlord assigned its leasehold rights to the appellant as security for a loan, and the appellee as tenant…