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SOUTHERN IDAHO PRODUCTION CREDIT v. GNEITING

No. 15665.

708 P.2d 898 (1985)

109 Idaho 493

SOUTHERN IDAHO PRODUCTION CREDIT ASSOCIATION, a corporation, Plaintiff-Respondent, v. Richard L. and Carol GNEITING, husband and wife, Defendants-Appellants.

Supreme Court of Idaho.

October 31, 1985.

Attorney(s) appearing for the Case

Mark D. Stubbs, Twin Falls, for defendants-appellants.

Cecil D. Hobdey, Gooding, for plaintiff-respondent.

SHEPARD, Justice.

This is an appeal from an order of the district court denying a motion to set aside a default judgment in an action brought by plaintiff credit association against defendants Gneiting to foreclose on security agreements and real property mortgages. We reverse.

Over a course of years the credit association loaned the Gneitings over $300,000.00 which was secured by promissory notes, security agreements, and real estate mortgages. Admittedly...

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