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FEDERAL LAND BANK OF OMAHA v. BRYANT

No. 88-1837.

445 N.W.2d 761 (1989)

FEDERAL LAND BANK OF OMAHA, A Corporation, Appellant, v. Bill A. BRYANT and Marlyss Bryant, Husband and Wife; First Trust & Savings Bank; Dale Magnussen; and Cherokee County, Iowa, Appellees.

Supreme Court of Iowa.

As Corrected September 25, 1989.

Attorney(s) appearing for the Case

Thomas Lehan, Omaha, Neb., and H. Dale Huffman, Storm Lake, for appellant.

J.R. Miller of Miller, Miller, Miller, Green & Miller, Cherokee, for appellees Bill A. Bryant and Marlyss Bryant.

Considered by McGIVERIN, C.J., and LARSON, LAVORATO, NEUMAN and ANDREASEN, JJ.

LARSON, Justice.

This is another unfortunate case of a foreclosure on a family farm. Bill and Marlyss Bryant, former owners of a 120-acre farm in Cherokee County, designated 4.58 acres of land as their homestead for separate redemption purposes. See Iowa Code § 654.16 (1986), as amended by 1987 Iowa Acts ch. 142, §§ 4, 5. Disputes arose between Bryants and the Federal Land Bank of Omaha (the land bank), which had purchased the homestead at sheriff...

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