              IN THE UNITED STATES COURT OF APPEALS

                      FOR THE FIFTH CIRCUIT
                         _______________

                           No. 95-21013
                        Summary Calendar
                         _______________



                          ROCO PARTNERS,
                 Assignee of the Federal Deposit
                      Insurance Corporation,

                                        Plaintiff-Appellee,

                             VERSUS


                  CLARK A. McCOLLOUGH, et al.,

                                        Defendants,

                      CLARK A. McCOLLOUGH,

                                        Defendant-Third Party
                                        Plaintiff-Appellant,

                             VERSUS

                  CHRYSLER REALTY CORPORATION,

                                        Third Party Defendant-
                                        Appellee.

                    _________________________

          Appeal from the United States District Court
               for the Southern District of Texas
                          (H-93-CV-873)
                    _________________________

                        October 29, 1996

Before SMITH, DUHÉ, and BARKSDALE, Circuit Judges.
JERRY E. SMITH, Circuit Judge:*



            Clark McCollough appeals a summary judgment in favor of

the Federal Deposit Insurance Corporation (“FDIC”).                  Finding no

error, we affirm.



                                         I.

      The FDIC, as successor to a failed lender, sued McCollough and

other co-guarantors on a written guaranty agreement following a

default by the maker of the underlying promissory note.1                    After

rejecting each of McCollough’s defenses against enforcement of the

guaranty, the district court granted the FDIC’s motion for summary

judgment.

      We review a grant of summary judgment de novo.                    Hanks v.

Transcontinental Gas Pipe Line Corp., 953 F.2d 996, 967 (5th Cir.

1992).      Summary    judgment     is   appropriate     “if   the    pleadings,

depositions, answers to interrogatories, and admissions on file,

together with the affidavits, if any, show that there is no genuine

issue as to any material fact and that the moving party is entitled

to a judgment as a matter of law.”            FED. R. CIV. P. 56(c).

      McCollough first asserts that the district court erred in


      *
        Pursuant to 5TH CIR. R. 47.5, the court has determined that this opinion
should not be published and is not precedent except under the limited circumstances
set forth in 5TH CIR. R. 47.5.4.
      1
       McCollough had been an investor in Double LL Investments, Inc., the maker
of the note.

                                         2
granting summary judgment because he raised a genuine factual issue

regarding whether the FDIC impaired the collateral by refusing to

liquidate it promptly after default.               Notwithstanding McCollough’s

express waiver of this defense in the Guaranty Agreement,2 he

contends that the guaranty does not waive his common law defense of

impairment of collateral.        We disagree that McCollough’s waiver of

impairment under the guaranty is incomplete, but, even assuming

such incompleteness, Texas does not recognize such a common law

defense.    See FDIC v. Coleman, 795 S.W.2d 706, 708-09 (Tex. 1990)

(holding that a secured creditor does not owe a guarantor a duty of

good faith     that   would    require       the   creditor   to   liquidate   its

security promptly after default by the debtor to minimize the

guarantor’s liability for any deficiency).3

      McCollough also argues that the Texas Business and Commerce

Code confers upon the FDIC a statutory obligation not to impair the

collateral.     See TEX. BUS. & COM. CODE ANN. § 3.606 (Vernon 1994).4


      2
        The Guaranty Agreement provides: “IV. Guarantors agree that the liability
of Guarantors hereunder shall not be in anywise released, diminished, impaired,
reduced or affected by . . . D. Any neglect, delay omission, failure, or refusal of
Lender to take or prosecute any action in collection of any said indebtedness or to
foreclose or take or prosecute any action in connection with any lien, right or
security existing or to exist in connection with or as security for any of said
indebtedness.”
      3
        McCollough’s citations to Pinson v. Red Arrow Freight Lines, 801 S.W.2d 14
(Tex. App.SSAustin 1990, no writ), and Gideon v. Johns-Manville Sales Corp., 761
F.2d 1129 (5th Cir. 1985), are inapposite. They deal with, respectively, the
damages mitigation requirement under the Texas Deceptive Trade Practices Act and a
cigarette smoker’s duty to minimize his health damages by following the expert
recommendations of his physicians.
      4
        “(a) The holder discharges any part to the instrument to the extent that
without such party’s consent the holder . . . (92) unjustifiably impairs any
                                                                   (continued...)

                                         3
This argument is infirm, however, because McCollough is not a

“party” to the note securing the collateral, see Simpson v. MBank

Dallas, N.A., 724 S.W.2d 102, 105 (Tex. App.SSDallas 1987, writ

ref’d n.r.e.) (noting that the guarantor of a promissory note is

not a proper party under the Code section), nor is the Guaranty

Agreement an “instrument,” as such term is defined in TEX. BUS. &

COM. CODE ANN. § 3.102(a)(5), see id; Cortez v. National Bank of

Commerce, 578 S.W.2d 478-89 (Tex. Civ. App.SSCorpus Christi 1979,

writ ref’d n.r.e.).         Hence, no such protections attach under

§ 3.606.



                                      II.

      Finally, McCollough challenges the award of attorneys’ fees.

He notes correctly that the court did not use the lodestar method

to calculate fees, but where, as in the instant case, attorneys’

fees are provided for by contract,5 McCollough’s objection to the

reasonableness of the fees should be raised as an affirmative

defense.    See Texas Airfinance Corp. v. Lesikar, 777 S.W.2d 559,

563 (Tex. App.SSHouston        [14th Dist.] 1989, no writ).          To make a

showing that the contractual fees would be unreasonable, McCollough


      4
       (...continued)
collateral for the instrument given by or on behalf of the party or any person
against whom he has a right of recourse.”
       5
         The note at issue provides: If the note “shall be placed in the hands of
an attorney for collection, the undersigned agrees to pay no less than 10 percent
of all unpaid principal and interest as reasonable attorney’s fees or collection
fees.”

                                       4
was required to plead both that they were unreasonable and that a

lesser amount would be reasonable under the circumstances.         See

F.R. Hernandez Constr. & Supply Co. v. National Bank of Commerce,

578 S.W.2d 675, 677 (Tex. 1979).       McCollough did not make any such

showing in the district court, so he has failed to raise a genuine

issue sufficient to preclude summary judgment.

     McCollough next challenges the fee award on the basis of a

typographical error entered by the district court, which error

caused the fees to appear as $1,700,000 instead of the appropriate

$170,000.   Both parties agree that $170,000 is the proper amount,

and each agrees that this amount was reported correctly on the

October 26, 1995, final judgment.

     Subsequent to McCollough’s filing of a notice of appeal, the

FDIC filed, in aid of the appeal, a motion for clarification of the

order .   This motion was not filed timely under FED. R. CIV. P. 59,

nor did the FDIC obtain leave of this court pursuant to FED. R. CIV.

P. 60(a).    Notwithstanding its questionable jurisdiction, the

district court amended its October 26 Final Judgment in response to

the FDIC’s motion for clarification.       It was in this Amended Final

Judgment of March 28, 1996, that the court erred in noting an

attorneys’ fees award of $1,700,000.

     Because McCollough does not contest that the original and

valid judgment stated correctly the $170,000 fee award, we need not

decide whether the district court lacked jurisdiction to enter the


                                   5
amended final judgment.   See Grand Jury Proceedings Under Seal v.

United States, 947 F.2d 1188, 1190 (5th Cir. 1991) (noting that,

even after the filing of a notice of appeal, a district court does

not lose jurisdiction to proceed as to matters in aid of appeal.)

Rather, we hold only that the FDIC is entitled to enforce the

October 26 award of $170,000.

     AFFIRMED.




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