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NORWEST BANK DES MOINES v. BRUETT

No. 86-1464.

432 N.W.2d 711 (1988)

NORWEST BANK DES MOINES, NATIONAL ASSOCIATION, Plaintiff-Appellee, v. Curtis BRUETT and Julia Bruett, husband and wife, d/b/a Iowa Farm & Livestock Supply, Defendants-Appellants, Reed Motors, Inc., et al., Defendants.

Court of Appeals of Iowa.

September 28, 1988.

Attorney(s) appearing for the Case

Greg W. Steensland, Ames, for defendants-appellants.

Jon P. Sullivan of Dickinson, Throckmorton, Parker, Mannheimer & Rafe, Des Moines, for plaintiff-appellee.

Considered by DONIELSON, P.J., and HAYDEN and HABHAB, JJ.

HABHAB, Judge.

The real estate which is the subject of this action was mortgaged by defendants Bruetts to Norwest on October 11, 1983, to secure the Bruetts' obligations to Norwest that totaled, at the time of the petition, in excess of $150,000. The mortgage executed by the Bruetts to Norwest contained the following language:

Mortgagors hereby sells, conveys, and mortgages unto Mortgagee, and grants a security interest in ... all privileges, estates, rights...

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