MAMMOTH CAVE PROD. CREDIT ASS'N v. GERALDS


551 S.W.2d 5 (1977)

MAMMOTH CAVE PRODUCTION CREDIT ASSOCIATION, Appellant, v. L. D. GERALDS and his wife, Shirley Geralds, Appellees.

Court of Appeals of Kentucky.

Discretionary Review Denied June 8, 1977.


Attorney(s) appearing for the Case

H. Jefferson Herbert, Jr., Wilson, Herbert, Garmon & Sparks, Glasgow, for appellant.

Frederick S. Meessen, Louisville, for the Federal Land Bank of Louisville, amicus curiae.

Clay Hundley, Jr., Tompkinsville, for appellee.

Before HOGGE, LESTER and WHITE, JJ.


LESTER, Judge.

On May 21, 1975 appellant, Mammoth Cave Production Credit Association filed its complaint against appellees L. D. Geralds, his wife Shirley Geralds and the Farmers Home Administration in order to obtain collection of two promissory notes made by the Geralds with Mammoth Cave PCA and secured by a real estate mortgage on property in Monroe County on one parcel of which the FHA held a prior unsatisfied mortgage. Mammoth Cave had inserted a clause in the...

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