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WASHINGTON CTY. BANK v. RED SOCKS STABLES

No. 84-921.

376 N.W.2d 782 (1985)

221 Neb. 300

WASHINGTON COUNTY BANK, a Nebraska Banking Corporation, Appellee, v. RED SOCKS STABLES, INC., et al., Appellees, Regency Thoroughbred Farms, Inc., Intervenor-Appellant.

Supreme Court of Nebraska.

November 22, 1985.

Attorney(s) appearing for the Case

Daniel J. Duffy and David A. Blagg of Cassem, Tierney, Adams, Gotch & Douglas, Omaha, for appellant.

Gregory P. Drew, Blair, for appellee Washington County Bank.

William B. Brandt and Robert J. Hallstrom of Brandt, Horan, Hallstrom & Sedlacek, Nebraska City, for amicus curiae Nebraska Bankers Ass'n.

KRIVOSHA, C.J., and BOSLAUGH, WHITE, HASTINGS, CAPORALE, SHANAHAN, and GRANT, JJ.

GRANT, Justice.

On December 29, 1982, Red Socks Stables, Inc. (hereinafter Red Socks), executed a promissory note promising to repay to Washington County Bank (hereinafter Bank) the sum of $270,000. On the same date, Red Socks executed a security agreement and a supplemental security agreement granting the Bank a security interest in, inter alia, "All thoroughbred horses, including all thoroughbreds now owned or hereafter acquired by Red Socks Stables, Inc....." On...

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