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UNION LABOR LIFE INS. v. TEN GALLON HAT ASSOC.

Civ. A. No. 91-0788.

787 F.Supp. 465 (1992)

The UNION LABOR LIFE INSURANCE COMPANY, Plaintiff, v. TEN GALLON HAT ASSOCIATES 1500 Hemig Realty Corp., David J. Seltzer, Eric H. Seltzer, and Philip Seltzer, Defendants.

United States District Court, E.D. Pennsylvania.

March 24, 1992.

Attorney(s) appearing for the Case

Douglas F. Johnson, David Bacon, Archer & Greiner, P.C., Philadelphia, Pa., for plaintiff.

H. Robert Fiebach, Benjamin J. Naitove, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, Pa., for defendants.

MEMORANDUM AND ORDER

GAWTHROP, District Judge.

Plaintiff brings this action in diversity to recover on a promissory note and security agreement signed by the defendants. Plaintiff accelerated the note after defendants defaulted twice in making payments and after plaintiff sent a notice of intent to accelerate, giving defendants an opportunity to cure. Although there is really no factual dispute that plaintiff complied with all the terms of the note and applicable...

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