Opinion ID: 1244738
Heading Depth: 2
Heading Rank: 3

Heading: Argument Regarding the District Court's Calculation of Damages.

Text: Idaho Code § 45-1512 (which is quoted above) establishes the beneficiary's right to seek a deficiency judgment, as well as the formula for calculating that judgment. The statute states that the plaintiff shall set forth in his [or her] complaint the entire amount for which the same was sold and the fair market value at the date of sale, together with interest from such date of sale, costs of sale and attorney fees. I.C. § 45-1512. This amount may include such items as taxes, assessments, premiums for insurance or advances made by a beneficiary in accordance with the terms of the deed of trust.... I.C. § 45-1506(12). The district court's award complied with these limitations. The deed of trust provides that in the event of default, the holder of the note can declare the whole amount due and payable and the same shall thereafter bear interest at the rate of sixteen percent (16%). The note provides for the payment of interest until the entire indebtedness is fully paid. This language clearly gives Frontier a right to receive the 16% interest it alleged in the amounts owing. We hold that Frontier is entitled to this rate of interest until the date of judgment.