MEMORANDUM DECISION
NICHOL, Chief Judge.
This is a diversity action whereby the First Federal Savings & Loan Association of Beresford, South Dakota, (hereinafter called First Federal), which at all times herein mentioned was and is a corporation organized and existing under and by virtue of the laws of the United States relating to Federal Savings and Loan Associations, with its home office located in the County of Union in the State of South Dakota...
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