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MEINCKE v. NORTHWEST BANK & TRUST CO.

No. 06-1541.

756 N.W.2d 223 (2008)

Janice A. MEINCKE, Appellant, v. NORTHWEST BANK & TRUST COMPANY, Appellee.

Supreme Court of Iowa.

September 19, 2008.

Attorney(s) appearing for the Case

Christopher L. Surls, William B. Norton and Timothy L. Baumann of William B. Norton Law Firm, P.C., Lowden, for appellant.

Michael J. McCarthy of McCarthy, Lammers & Hines, Davenport, for appellee.

WIGGINS, Justice.

Janice Meincke loaned her daughter and nephew $90,000. The loan was secured by a mortgage on property owned by the daughter and nephew's business. A bank also held mortgages on the same property; however, Janice's mortgage had priority. For the daughter and nephew to obtain more financing, the bank required Janice to subordinate her mortgage to the bank's by signing a subordination agreement. Janice signed the agreement, but challenged its enforcement...

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