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BELLINGHAM NAT. BANK v. OIL SCREW PACIFIC HORIZON

Admiralty No. C82-1429B.

587 F.Supp. 26 (1984)

The BELLINGHAM NATIONAL BANK, a national banking association, Plaintiff, and Seattle-First National Bank, as trustee for Peter Pan Seafoods, Inc., and Peter Pan Seafoods, Inc., Intervenor Plaintiffs, v. OIL SCREW PACIFIC HORIZON, Official No. 224546, and Jerald V. Newell, Defendants.

United States District Court, W.D. Washington.

June 8, 1984.

Attorney(s) appearing for the Case

Carl F. Roehl, Jr., Roehl & Roehl, Bellingham, Wash., for plaintiff.

Kyle R. Samuels, Riddell, Williams, Bullitt & Walkinshaw, Seattle, Wash., for intervening plaintiffs.

ORDER

BEEKS, Senior District Judge.

Bellingham National Bank (BNB) instituted this action on November 30, 1982 to foreclose a preferred ship mortgage on the O/S PACIFIC HORIZON, and to recover on the debt from Jerald Newell. The ship mortgage was recorded on February 23, 1983. As of March 23, 1983, the sum due and owing to BNB was $134,665.98, plus interest. An interlocutory sale was ordered and the vessel was sold for $105,000.00 on June 24, 1983. Peter...

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