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IN RE SPECK

No. 85-5403.

798 F.2d 279 (1986)

In re Donald W. SPECK, Sr. and Joan L. Speck, Debtors. Donald W. SPECK, Sr. and Joan L. Speck, d/b/a/ Farmer, SSN xxx-xx-xxxx and SSN xxx-xx-xxxx, Appellants, v. The FIRST NATIONAL BANK OF SIOUX FALLS, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided July 31, 1986.

Attorney(s) appearing for the Case

Max A. Gors, Pierre, S.D., for appellant.

Robert E. Hayes, Sioux Falls, S.D., for appellee.

Before WOLLMAN, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and LARSON, Senior District Judge.

PER CURIAM.

On April 24, 1981, the then trustees of the Louis R. Beal Trust executed a contract for deed for the sale of South Dakota land to Donald W. Speck, Sr. and Joan L. Speck (Debtors). The First National Bank of Sioux Falls subsequently was named successor trustee of the Beal Trust.

On March 1, 1984, and again on March 1, 1985, Debtors defaulted in the required payments under the contract for deed. On March 24, 1984, Debtors filed a petition in bankruptcy...

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