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NATIONAL LOAN INVESTORS, L.P. v. MARTIN

No. 91-762.

488 N.W.2d 163 (1992)

NATIONAL LOAN INVESTORS, L.P., A Partnership, Appellant, v. William L. MARTIN and Bonita F. Martin, Husband and Wife, Appellees.

Supreme Court of Iowa.

June 17, 1992.

Attorney(s) appearing for the Case

Ronald L. Anderson and Richard J. Howes of Howes & Anderson, P.C., Des Moines, and Jeanne K. Johnson, Des Moines, for appellant.

William F. McGinn of McGinn, McGinn & Jennings, Council Bluffs, for appellees.

Considered by McGIVERIN, C.J., and HARRIS, LARSON, SCHULTZ, and CARTER, JJ.

SCHULTZ, Justice.

National Loan Investors (NLI), purchaser of assets of the insolvent Pisgah Savings Bank (Bank), appeals from a district court order dismissing its action against defendants William and Bonita Martin who are husband and wife. Plaintiff sought recovery on two promissory notes and on Bonita's guaranty of her husband's debts. It also sought foreclosure of a mortgage covering defendants' homestead. Following a bench trial, the trial court found that the...

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