First National Bank Of Omaha v. Omaha National Bank
214 N.W.2d 483 (1974)
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
The lease term between P and D was 50 years, beginning November 1, 1951. The lease called for a monthly rental of $833.34 and also required D to pay taxes and insurance and to keep the building in repair. There was no acceleration clause in the lease. On January 30, 1973, the District Court granted a declaratory judgment on behalf of P against D declaring D to be liable, as lessee, to perform all the covenants, terms, and conditions of the lease. The judgment included amounts that had accrued under the lease up to the date of the hearing. The parties filed later applications for further relief with respect to rental installments, insurance premiums, and taxes which had accrued since the original declaratory judgment. On April 10, 1973, the District Court entered judgments in the successive actions for insurance, taxes, and rental installments then matured. The judgment ordered that the unmatured installments of rent, taxes, and insurance were to be paid as they fell due and that the original declaratory judgment was to be complied with. It was provided that the court would retain jurisdiction; and that the judgment 'shall mature and become effective as to each unmatured installment of rent, taxes, and insurance on the day after said installment or payments are due and execution may then issue at the instance of the Plaintiff to satisfy the same.' D appealed.
Issues
The legal issues presented in this case will be displayed here.
Holding & Decision
The court's holding and decision will be displayed here.
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
© 2007-2025 ABN Study Partner