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O'NEILL PRODUCTION CREDIT ASSOCIATION v. PUTNAM RANCHES, INC.

No. 40873.

251 N.W.2d 884 (1977)

198 Neb. 145

O'NEILL PRODUCTION CREDIT ASSOCIATION, Appellee, v. PUTNAM RANCHES, INC., et al., Appellants.

Supreme Court of Nebraska.

March 30, 1977.

Attorney(s) appearing for the Case

M. J. Bruckner, of Marti, Dalton, Bruckner, O'Gara & Keating, Lincoln, for appellants.

Cronin & Hannon, O'Neill, Deutsch, Jewell, Otte, Gatz, Collins & Domina, Norfolk, for appellee.

Heard before WHITE, C. J., and SPENCER, BOSLAUGH, McCOWN, CLINTON, BRODKEY and WHITE, JJ.

PAUL W. WHITE, Chief Justice.

This is an appeal from the appointment of a receiver. The plaintiff, O'Neill Production Credit Association, initiated a mortgage foreclosure action against the defendant, Putnam Ranches, Inc. Pending a final determination of the foreclosure action, the plaintiff made application to the District Court for a receiver. On April 28, 1976, the District Court found that the statutory grounds for the appointment of a receiver existed, and appointed...

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