MEMORANDUM ORDER
FISH, District Judge.
This case is before the court on the motion for summary judgment of plaintiff Resolution Trust Corporation ("the RTC"). For the reasons stated below, the motion is granted.
I. BACKGROUND
On April 23, 1986, defendants executed a promissory note evidencing an indebtedness to First City Savings Association ("First City") in the amount of $160,000.00. The note, which was secured by an irrevocable letter...
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