O'NEILL PRODUCTION CREDIT v. PUTNAM RANCHES

No. 41446.

266 N.W.2d 242 (1978)

201 Neb. 72

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

Supreme Court of Nebraska.

May 31, 1978.


Attorney(s) appearing for the Case

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

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

Heard before SPENCER, McCOWN, CLINTON, and BRODKEY, JJ., and COADY, District Judge.


McCOWN, Justice.

This is an action by plaintiff, O'Neill Production Credit Association, against the defendant, Putnam Ranches, Inc., for foreclosure of two real estate mortgages and a security interest in personal property. The District Court found that the defendant was indebted to the plaintiff in the sum of $2,634,000.69, plus interest, and ordered foreclosure. The defendant has appealed.

The defendant is a corporation engaged in farming and ranching operations...

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