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FEDERAL LAND BANK v. COLORADO NAT. BANK

No. 89CA0038.

786 P.2d 514 (1989)

The FEDERAL LAND BANK OF WICHITA, a corporation, Plaintiff-Appellee, v. COLORADO NATIONAL BANK OF DENVER, Defendant-Appellant.

Colorado Court of Appeals, Div. III.

December 28, 1989.

Attorney(s) appearing for the Case

Rider & Woulf, P.C., Charles S. Unfug, Greeley, and Rider & Woulf, P.C., Jeffrey O. McAnallen, Colorado Springs, for plaintiff-appellee.

Kelly, Stansfield & O'Donnell, David L. Erickson and Salie B. O'Malley, Denver, for defendant-appellant.

Opinion by Judge MARQUEZ.

Defendant, Colorado National Bank, appeals from an adverse summary judgment which ruled that plaintiff, Federal Land Bank (Land Bank), held a first lien on a certain tract of real estate. We affirm.

The material facts are not in dispute. Weisbart & Weisbart, Inc., was the owner of certain real property located in Conejos County, Colorado, known as the Alamosa Ranch. In November of 1978, Weisbart obtained a $2,350,000 loan from...

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