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SANSON v. GONZALES

No. 1 CA-CIV 6720.

142 Ariz. 30 (1984)

688 P.2d 676

Joseph F. SANSON and John K. Skomp, Plaintiffs-Appellees, v. Bennie M. GONZALES and Lupe Gonzales, husband and wife; Jerry Tokoph, Jr., and Gudrun Carmen Tokoph, husband and wife; Jeri-Co Contracting, an Arizona corporation; Stewart Mazure and Rosemary Mazure, husband and wife, Defendants-Appellants.

Court of Appeals of Arizona, Division 1, Department D.

January 19, 1984.

Attorney(s) appearing for the Case

Murphy & Posner by K. Bellamy Brown, Richard H. Lee, Phoenix, for plaintiffs-appellees.

O'Connor, Cavanagh, Anderson, Westover, Killingsworth & Beshears, P.C. by Donald E. Dyekman, Brian C. Bond, Phoenix, for defendants-appellants.

OPINION

KLEINSCHMIDT, Judge.

Joseph Sanson conveyed, in December, 1979, an office building in Phoenix to Bennie and Lupe Gonzales. The buyers executed a promissory note and a deed of trust. The note specifies that installment payments must be made by the 15th of each month and that default will result in an acceleration of the debt. The deed of trust provides that upon default the loan may be accelerated, that if payment is not made the trustee may sell the...

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