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FARMERS NATIONAL BANK v. CERES LAND CO.

No. 72-292.

512 P.2d 1174 (1973)

FARMERS NATIONAL BANK, a National Banking Association, Plaintiff-Appellee, v. CERES LAND COMPANY, a Delaware corporation authorized to do business in Colorado, Defendant and Third-Party Plaintiff-Appellant, v. Richard A. HOCH, Third-Party Defendant-Appellant.

Colorado Court of Appeals, Div. I.

Rehearing Denied June 12, 1973.

Certiorari Denied August 20, 1973.

Attorney(s) appearing for the Case

Karowsky, Witwer & Oldenburg, Stow L. Witwer, Jr., Greeley, for plaintiff-appellee.

Sandhouse, Sandhouse & Wilson, Max A. Wilson, Sterling, for defendant and third-party plaintiff-appellant.

Anthony V. Zarlengo, Denver, for third-party defendant-appellant.

Selected for Official Publication.

COYTE, Judge.

Helzer, a tenant farmer on a farm owned by third-party defendant Hoch, financed his operations by borrowing from plaintiff bank. This borrowing was secured by a security agreement on Helzer's interest in crops grown on the farm. A financing statement was duly filed. During the summer of 1969 corn was grown and sold as ensilage. Hoch owned an undivided one-half interest and Helzer owned the other undivided one...

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