SIOUX COUNTY STATE BANK v. VEENSTRA

No. 84-471.

372 N.W.2d 309 (1985)

SIOUX COUNTY STATE BANK, Plaintiff-Appellant, v. Kenneth J. VEENSTRA and Janice G. Veenstra, Defendants-Appellees.

Court of Appeals of Iowa.

May 28, 1985.


Attorney(s) appearing for the Case

David L. Charles of Gamble, Riepe, Burt, Webster & Davis, Des Moines, for plaintiff-appellant.

Loren Veldhuizen of Klay, Bastemeyer & Veldhuizen, Orange City, for defendants-appellees.

Heard by SNELL, P.J., and SCHLEGEL and SACKETT, JJ.


SNELL, Presiding Judge.

In 1976 the plaintiff bank loaned $25,000 to the defendants, Veenstras, and took a second mortgage on the Veenstras' house. The mortgage note called for monthly payments to be amortized over a 20-year payment schedule. However, the mortgage note also contained a "balloon clause" permitting the bank to declare the entire balance due at the end of five years. The Veenstras assert that the portions of the note relating to the five-year balloon...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases