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FARM CREDIT BANK OF ST. PAUL v. STEDMAN

Civ. No. 890082.

449 N.W.2d 562 (1989)

FARM CREDIT BANK OF ST. PAUL, Leo Jr. and Jean Gauderman, and Lee and Raymond Topp, Plaintiffs and Appellees, v. Gary N. STEDMAN and June D. Stedman, Defendants and Appellants.

Supreme Court of North Dakota.

December 20, 1989.

Attorney(s) appearing for the Case

Gary N. Stedman, Grace City, pro se.

Vogel, Brantner, Kelly, Knutson, Weir & Bye, Ltd., Fargo, for plaintiffs and appellees; argued by Jon R. Brakke.

MESCHKE, Justice.

Gary N. Stedman and June D. Stedman appealed from a judgment evicting them from a farm. We affirm.

In 1979, Stedmans mortgaged their 2,500 acre farm in Foster County to Federal Land Bank of Saint Paul for a $525,000 loan. After Stedmans defaulted on their loan payments, the Federal Land Bank foreclosed the mortgage. The foreclosure judgment was entered in June 1984, but bankruptcy proceedings stayed the foreclosure sale. Eventually there...

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