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STATE SEC. SAV. CO. v. PELSTER

No. 42766.

296 N.W.2d 702 (1980)

207 Neb. 158

STATE SECURITY SAVINGS CO., a corporation, Appellant, v. Florian PELSTER and Joy Pelster, husband and wife, Appellees.

Supreme Court of Nebraska.

September 12, 1980.

Attorney(s) appearing for the Case

Richard J. Butler of Ginsburg, Rosenberg, Ginsburg, Cathcart, Curry & Gordon, Lincoln, for appellant.

Vincent J. Kirby, Norfolk, for appellees.

Heard before McCOWN and WHITE, JJ., and COLWELL, KORTUM, and GRANT, District Judges.

GRANT, District Judge.

This is an action to collect on an installment note in the amount of $90,691.86 executed by defendants Pelster in favor of plaintiff, State Security Savings Co., on November 19, 1969. Pursuant to the note, 83 monthly payments of $1,601.61 were to be made beginning December 19, 1969. Defendants made regular interest payments and some principal payments up to May 1971, but were continually behind on the payment of principal. On May 6, 1971, defendants...

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