IOWA STATE BANK OF HAMBURG v. TRAIL

No. 87-677.

449 N.W.2d 520 (1989)

234 Neb. 59

IOWA STATE BANK OF HAMBURG, IOWA, Appellant, v. Robert A. TRAIL and Lorene Trail, Appellees.

Supreme Court of Nebraska.

December 22, 1989.


Attorney(s) appearing for the Case

R.J. Stevenson of Baird, Holm, McEachen, Pedersen, Hamann & Strasheim, Omaha, for appellant.

Richard H. Hoch of Hoch & Steinheider, Nebraska City, for appellees.

BOSLAUGH, SHANAHAN, and GRANT, JJ., and KNAPP and ROWLANDS, District Judges.


KNAPP, District Judge.

Iowa State Bank filed its petition in replevin seeking recovery of farm equipment, machinery, livestock, and grain from Robert and Lorene Trail, basing its claim to possession upon a security agreement executed by the Trails, three promissory notes (in default), and three Uniform Commercial Code financing statements.

The Trails demurred, alleging that the financing statements were improperly recorded or had lapsed and that continuation...

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