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FARM CREDIT BANK OF OMAHA v. FAUGHT

No. 91-1617.

492 N.W.2d 422 (1992)

FARM CREDIT BANK OF OMAHA f/k/a Federal Land Bank of Omaha, Appellant, v. Audrey O. FAUGHT and Dorothy E. Faught, husband and wife; and Faught Bros., Inc., an Iowa Corporation; David A. Faught; Gary G. Faught and Deloris L. Faught, husband and wife, Appellees.

Supreme Court of Iowa.

November 25, 1992.

Attorney(s) appearing for the Case

Rodney P. Kubat of Whitfield, Musgrave & Eddy, Des Moines, for appellant.

David M. Nelsen and Charles H. Biebesheimer of Nelsen Law Office, Mason City, for appellees.

Considered by LARSON, P.J., and SCHULTZ, CARTER, LAVORATO, and NEUMAN, JJ.

NEUMAN, Justice.

This is the second round in an ongoing dispute between Farm Credit Bank of Omaha and the Faught family over the bank's effort to recoup losses stemming from the Faughts' default on several sizable promissory notes. In an earlier appeal we held that the bank—which was granted judgment in rem upon foreclosure of mortgages securing this debt—was prevented from levying general execution on the...

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