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MAINE NAT. BANK v. F/V EXPLORER

No. 86-0306 P.

663 F.Supp. 462 (1987)

MAINE NATIONAL BANK, Plaintiff, v. F/V EXPLORER, Official No. 621268, her engines, tackle, apparel, furniture, equipment, and all other necessaries thereunto appertaining and belonging, Defendant.

United States District Court, D. Maine.

Order Continuing Hearing June 25, 1987.

Attorney(s) appearing for the Case

U. Charles Remmel, II, R. Terrence Duddy, Graydon G. Stevens, Portland, Me., for plaintiff.

John W. Philbrick, Portland, Me., Robert S. Potters, Boston, Mass., for defendant.

MEMORANDUM OF DECISION AND ORDER

GENE CARTER, District Judge.

This case involves the action of Maine National Bank (MNB, or the Bank) to foreclose on two duly recorded preferred ship mortgages on the F/V EXPLORER, the mortgagor being in each case one Grover Nix (Nix).1 MNB alleges that Nix has defaulted on the payment of sums due and owing, and brings this in rem admiralty proceeding, pursuant to Supplemental Rules for...

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