HAYDEN, Presiding Judge.
Hansen-Friedrichsen, Inc. and its majority shareholder, Jerry Hansen, were the owners of a 340-acre farm in Dallas County, Iowa. Hansen was born and raised on the farm which had been in the Hansen family for several generations.
On January 13, 1981, the corporation executed a note payable to the Citizens State Bank in the principal amount of $1 million secured by a mortgage dated November 5, 1980. On February 11, 1981, the corporation...
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