Portland Trust & Savings Bank v. Lincoln Realty Co.

This is an appeal by six of the sixteen defendants from a decree of the circuit court which (1) awarded the plaintiff judgment against the defendant, Lincoln Realty Company, a dissolved corporation, for $125,000, together with costs, disbursements and an attorney fee of $3,000; (2) held that the awarded judgment was secured by a mortgage executed by Lincoln Realty Company which described both a parcel of real property and a quantity of hotel furnishings located upon the real property; (3) ordered the foreclosure of the mortgage; and (4) directed that the real property be first sold and that,…