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NATIONAL BANK OF WATERLOO v. MOELLER

No. 87-1716.

434 N.W.2d 887 (1989)

NATIONAL BANK OF WATERLOO, Appellee, v. John MOELLER, and Dorothy Moeller, Defendants, Mason City Production Credit Association, Appellant.

Supreme Court of Iowa.

Rehearing Denied February 20, 1989.

Attorney(s) appearing for the Case

Charles W. McManigal and Darrell J. Isaacson of Laird, Burington, Heiny, McManigal, Walters and Winga, Mason City, for appellant.

Michael M. Pedersen of Martin, Nutting, Miller, Keith & Pedersen, Waterloo, for appellee.

Considered by HARRIS, P.J., and SCHULTZ, CARTER, NEUMAN, and ANDREASEN, JJ.

NEUMAN, Justice.

This litigation began as an action in equity to foreclose deeds of trust on two parcels of farm real estate located in Howard County, Iowa. Judgment was entered against the principal defendants, John and Dorothy Moeller, and their real estate was subsequently sold at sheriff's sale. Deeds have remained in escrow pending resolution of the current controversy over the relative priority of two lienholders, appellee National Bank of Waterloo (bank) and...

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