MIAMI VALLEY PRODUCTION CREDIT ASSN. v. KIMLEY

No. CA 2369.

42 Ohio App. 3d 128 (1987)

MIAMI VALLEY PRODUCTION CREDIT ASSOCIATION, N.K.A. FARM CREDIT SERVICES, APPELLEE, v. KIMLEY ET AL., APPELLEES; CALDWELL, APPELLANT.

Court of Appeals of Ohio, Clark County.

Decided October 15, 1987.


Attorney(s) appearing for the Case

John R. Butz, for appellee Miami Valley Production Credit Association.

Robert L. Borley, for appellee Clark Landmark, Inc.

Austin P. Wildman, for appellee Mrs. A. A. Wildman.

Ronald C. Tompkins, for appellant Louis Caldwell.


WOLFF, J.

On May 11, 1985, the defendant John W. Kimley (hereinafter "Kimley" or "debtor") signed a $15,000 cognovit note in favor of the defendant-appellant Louis Caldwell. On the same date, Kimley and Caldwell executed a standard security agreement to secure the $15,000 obligation. The description of the collateral contained in the security agreement is as follows:

"300 acres of soybeans and 24 acres of wheat for 1985 crop season on land farmed by John W...

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