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VANEK v. INDIANA NATIONAL BANK

No. 49S02-9003-CV-220.

551 N.E.2d 1134 (1990)

Simoney B. VANEK, n/k/a Simoney B. Narmore, Appellant (Defendant below), v. The INDIANA NATIONAL BANK, Appellee (Plaintiff below). the Indiana National Bank, Plaintiff, v. FRED VANEK AND SIMONEY B. VANEK, N/K/a Simoney B. Narmore, Lawrence Lunn, Merchants National Bank & Trust Co., State of Indiana, Department of Revenue, and Ruby Agiular, Defendants. Simoney B. Vanek, N/K/a Simoney B. Narmore, Third-Party Plaintiff, v. RAYMOND CARIC, Carol Lee Caric, and Frederick Vanek, Third-Party Defendants.

Supreme Court of Indiana.

March 22, 1990.

Attorney(s) appearing for the Case

Michael Joseph Hebenstreit, Joseph Francis Quill, Indianapolis, for appellant.

Steven Lanam Yount, Christopher Earl Baker, Indianapolis, for appellee.

PER CURIAM.

On February 19, 1982 Frederick C. Vanek and R. Raymond Caric entered into a security agreement with Indiana National Bank (INB) under the name The Brothers Inc. for purposes of securing a $50,000.00 loan. Simoney and Fred Vanek also signed an unconditional guaranty for payment of the loan if The Brothers failed to make payment. Simoney executed a mortgage on her residence as security for the guaranty. The Brothers did default on the loan, and INB filed...

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