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  5. 558 F.2d 1303 (1977)
 

PIONEER INS. CO. v. GELT

Nos. 76-1392 and 77-1262.

558 F.2d 1303 (1977)

PIONEER INSURANCE COMPANY, a corporation, Appellee, v. Harry GELT, Appellant (two cases).

United States Court of Appeals, Eighth Circuit.

Decided July 5, 1977.

Rehearing Denied August 3, 1977.

Attorney(s) appearing for the Case

John P. Morris, Tempe, Ariz. (argued), and Herbert J. Friedman, Lincoln, Neb., on brief, for appellant.

Norman Krivosha (argued), and Bernard Wishnow, Lincoln, Neb., on brief, for appellee.

Before LAY, WEBSTER and HENLEY, Circuit Judges.

HENLEY, Circuit Judge.

Appellee, Pioneer Insurance Company (Pioneer), a Nebraska corporation, brought this action against Harry Gelt, a citizen of Arizona, to recover judgment on a note in the principal sum of $97,200.00 executed by Gelt in favor of Pioneer on or about September 21, 1972. The note was in renewal of an earlier note in the sum of $90,000.00 which had been executed by Gelt in favor of Educators Security Insurance...

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