(Download) "Betz V. Tower Sav. Bank" by Supreme Court of Washington * eBook PDF Kindle ePub Free
eBook details
- Title: Betz V. Tower Sav. Bank
- Author : Supreme Court of Washington
- Release Date : January 24, 1936
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
In their amended complaint in this action, plaintiffs alleged the corporate existence of the two defendants first named in the caption of the action, and that the third defendant, John Bjorklund, was the regularly elected sheriff of Pierce county. Plaintiffs then alleged that, during the month of May, 1930, they were the owners of a tract of land in Tacoma, upon a portion of which stood the 'Betz Building;' that the land was reasonably worth $125,000, and that defendant Tower Savings Bank (hereinafter referred to as the bank) loaned plaintiffs $42,000, accepting as security therefor a mortgage upon the land upon which the building stood; that thereafter plaintiffs by payments reduced the amount of the mortgage by some $2,000, but later failed to pay some installments of principal which fell due and some interest, whereupon the bank brought suit against plaintiffs seeking judgment upon plaintiffs' note, secured by the mortgage, together with foreclosure of the latter instrument; that during the month of March, 1934, judgment was rendered against plaintiffs and in favor of the bank for over $50,000, and the property was ordered sold in satisfaction of the judgment; that the then sheriff of Pierce county sold the property to the bank for $43,000, leaving a deficiency judgment against
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