First State Bank v. Hoehnke Nursery Co.

In these consolidated foreclosure actions, First State Bank of Oregon (Bank) and Capital Investment Company (Capital) are proceeding against defendant Hoehnke Nursery Company’s real property in Marion County (the Marion County property) and defendants Lofgrens’ residential property in Multnomah County (the Multnomah County property). Bank held a mortgage on the Marion County property and a trust deed on the Multnomah County property securing two notes, one given by the nursery for $380,595 and one given by the Lofgrens for $75,000. Capital held mortgages on both properties to secure a note…