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BRUMMUND v. FIRST NAT. BANK OF CLOVIS

No. 14265.

656 P.2d 884 (1983)

99 N.M. 221

William L. BRUMMUND and Doris M. Brummund, Husband and wife, Plaintiffs-Appellees, v. The FIRST NATIONAL BANK OF CLOVIS, New Mexico, a national banking association, Defendant-Appellant, v. Ishwarbhai D. PATEL and Ramilaben I. Patel, husband and wife; Dahyabhai M. Patel and Maniben D. Patel, husband and wife; Ashok R. Bhakta and Padmavati A. Bhakta, husband and wife; and Gokal M. Bhakta, as Trustee of the Gokal M. Bhakta Family Trust, Defendants-Appellees.

Supreme Court of New Mexico.

January 4, 1983.

Attorney(s) appearing for the Case

Edwin B. Tatum, Walker & Tatum, Clovis, for plaintiffs-appellees.

Harry L. Patton, Clovis, for defendants-appellees.

Robert C. Brack, Clovis, Poole, Tinnin & Martin, Robert C. Poole, Robert H. Jacobvitz, Albuquerque, for defendant-appellant.

OPINION

FEDERICI, Justice.

The plaintiffs-appellees, William L. Brummund and Doris M. Brummund (plaintiffs), brought this action in the District Court of Curry County seeking declaratory relief. The plaintiffs sought a declaratory judgment invalidating certain provisions in a security agreement and financing statement between them and the First National Bank of Clovis, New Mexico, the defendants-appellants (defendant). Also named in the action were the purchasers...

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