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KARLSTAD STATE BANK v. FRITSCHE

No. C3-85-13.

374 N.W.2d 177 (1985)

KARLSTAD STATE BANK, Respondent, v. Louis A. FRITSCHE, et al., Appellants. Louis A. FRITSCHE, et al., Appellants, v. KARLSTAD STATE BANK, Stuart Folland, Production Credit Association of Grand Forks, Respondents. and KARLSTAD STATE BANK, Respondent, v. NORTHWEST PINZGAUER BREEDERS, LTD., et al., Appellants.

Court of Appeals of Minnesota.

September 10, 1985.

Attorney(s) appearing for the Case

William A. Schlossman, Jr., Vogel, Brantner, Kelly, Knutson, Weir & Bye, Ltd., Fargo, N.D., for Karlstad State Bank.

Benjamin S. Houge, Brooklyn Center, for appellants.

Paula D. Osborn, W. Joseph Bruckner, Oppenheimer, Wolff, Foster, Shepard & Donnelly, St. Paul, for Production Credit Association of Grand Forks.

Heard, considered and decided by PARKER, P.J., and FORSBERG and HUSPENI, JJ.

OPINION

PARKER, Judge.

Louis and Jeanette Fritsche were in the business of breeding exotic cattle and obtained financing from the Karlstad State Bank and the Production Credit Association of Grand Forks. This action involves three lawsuits related to their cattle business that were consolidated for trial.

In the first, Karlstad State Bank sued the Fritsches individually to foreclose on collateral pledged as security and to obtain a deficiency judgment...

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