Court Opinion

ID: 9761264
Source: CourtListenerOpinion
Date Created: 2023-08-29 01:36:45.660994+00
Date Added: 2024-06-11T07:29:21.592276
License: Public Domain

SMITH, Justice
(dissenting).
I respectfully dissent. The provision added to the deed of trust form should be construed as being an unequivocal and plainly stated agreement that indebtedness such as the Horton note was within the contemplation of the parties at the time the deed of trust was executed. The deed of trust embraced a third party debt such as we have here. The economic welfare of a lender or a borrower should not be jeopardized by a narrow construction of language in an instrument which rather definitely shows that an indebtedness such as Horton’s was within the contemplation of the parties to the bank’s deed of trust. I respectfully differ with the Court in its construction of the terms of the deed of trust. The second lien is inferior to the bank’s lien.