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BANK OF OAK GROVE v. WILMOT STATE BANK

No. 83-21.

648 S.W.2d 802 (1983)

279 Ark. 107

BANK OF OAK GROVE, Appellant, v. WILMOT STATE BANK, Appellee.

Supreme Court of Arkansas.

April 18, 1983.

Attorney(s) appearing for the Case

Griffin, Rainwater & Draper, Crossett, for appellant.

Arnold, Hamilton & Streetman, Crossett, for appellee.

HAYS, Justice.

This dispute arises from the foreclosure of land subject to three mortgages. It is agreed the property is subject to a first mortgage to First Federal Savings and Loan Association of Pine Bluff (now First South), but the Bank of Oak Grove (appellant) and the Wilmot State Bank (appellee) each claim to have a second mortgage. The Chancellor ruled in favor of the State Bank of Wilmot and the Bank of Oak Grove has appealed. We affirm the Chancellor.

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