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FEDERAL LAND BANK OF OMAHA v. JENSEN

Nos. 15615, 15622.

415 N.W.2d 155 (1987)

FEDERAL LAND BANK OF OMAHA, a Corporation, Plaintiff and Appellee, v. Jerome E. JENSEN and Connie M. Jensen, Defendants and Appellants. and United States of America acting through the Farmer Home Administration and Credit Corporation and Riley Company, Additional Defendants.

Supreme Court of South Dakota.

Opinion Filed November 4, 1987.

Attorney(s) appearing for the Case

Steven M. Johnson of Brady, Kabeiseman, Reade & Johnson, Yankton, for plaintiff and appellee.

Roger W. Hunt of Hunt and Haugaard, Sioux Falls, for defendants and appellants; Fred Hendrickson, Sioux Falls, on brief.

Wanda Howey-Fox, Sp. Asst. U.S. Atty., Sioux Falls, for additional defendant Riley Co.

MORGAN, Justice.

Defendants and appellants, Jerome E. Jensen and Connie M. Jensen (Jensens) appeal from a partial summary judgment. Plaintiff and appellee, Federal Land Bank (Bank) filed a notice of review. We affirm the partial summary judgment.

In 1975, Jensens borrowed money from Bank. The loan was evidenced by a duly executed promissory note and secured by a mortgage. Over a period of time Jensens became delinquent...

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