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FEDERAL LAND BANK OF WICHITA v. KRUG

No. 67,919

253 Kan. 307 (1993)

856 P.2d 111

FEDERAL LAND BANK OF WICHITA, KANSAS, Appellee/Cross-Appellant, v. ESTHER B. KRUG, et al., Appellants/Cross-Appellees.

Supreme Court of Kansas.

Opinion filed July 9, 1993.

Attorney(s) appearing for the Case

Mark Arthur, Jr., of Thompson, Arthur & Davidson, of Russell, was on the briefs for appellants/cross-appellees.

J. Randall Clinkscales, of Clinkscales & Clinkscales, of Hays, argued the cause and was on the briefs for appellee/cross-appellant Federal Land Bank of Wichita, Kansas.

The opinion of the court was delivered by

LOCKETT, J.:

Herman Krug Farms, Inc., Herman A. Krug, and Esther B. Krug (the Krugs) borrowed money from and executed a mortgage and note to the Federal Land Bank of Wichita to purchase farm and ranch land. The loan was to be repaid in 33 annual installments. Three years later the Krugs entered into a contract for the sale of the land to the partners in S & S Ranch. S...

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