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FIRST NAT. BANK v. BENEDICT CONSOL. INDUS.

No. 85-713.

402 N.W.2d 259 (1987)

224 Neb. 860

FIRST NATIONAL BANK, STROMSBURG, Nebraska, a Corporation, Appellee, v. BENEDICT CONSOLIDATED INDUSTRIES, INC., and Ronald L. Baker, Appellants, Robert W. Baker and William E. Reetz, Appellees.

Supreme Court of Nebraska.

March 13, 1987.

Attorney(s) appearing for the Case

Richard F. Welling and Alan M. Thelen of Breeling, Welling, Place & Steier, for appellants.

Ward F. Hoppe of Mattson, Ricketts, Davies, Stewart & Calkins, for appellee First National Bank.

KRIVOSHA, C.J., and BOSLAUGH, WHITE, HASTINGS, CAPORALE, and SHANAHAN, JJ.

KRIVOSHA, Chief Justice.

The First National Bank, Stromsburg, Nebraska (First National), filed suit against Benedict Consolidated Industries, Inc. (BCI), and Robert W. Baker, Ronald L. Baker, and William E. Reetz, as guarantors of a certain note executed and delivered by BCI to First National in the principal sum of $70,894.03. The note provided on its face that it was initially due on February 13, 1982. The note further provided on its face, "Sureties, endorsers...

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