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IN RE NEWTON

Bankruptcy No. 185-00775, Adv. No. 185-0268.

64 B.R. 790 (1986)

In re Randy W. NEWTON, Debtor. CITIZENS FIRST NATIONAL BANK OF PRINCETON, Plaintiff, v. RUMBOLD & KUHN, INC., an Illinois corporation, Defendant.

United States Bankruptcy Court, C.D. Illinois.

September 11, 1986.

Attorney(s) appearing for the Case

Stephen A. Kouri, Vonachen, Cation, Lawless, Trager & Slevin, Peoria, Ill., for plaintiff.

Barry M. Barash, Barash, Stoerzbach & Henson, Galesburg, for defendant.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

The Debtor was a farmer, and on January 19, 1984, he borrowed from Citizens First National Bank of Princeton (Plaintiff) $123,800.00 and executed a Security Agreement granting the Plaintiff a security interest in 90 acres of corn, 167 acres of soybeans, and 74 acres of wheat to be planted, grown, matured, harvested, and stored during the 1984 crop year. The security interest was validly perfected by the filing...

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