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WEST DES MOINES STATE BANK v. RALPH'S DISTR.

No. 91-1948.

516 N.W.2d 801 (1994)

WEST DES MOINES STATE BANK, Appellee, v. RALPH'S DISTRIBUTING COMPANY, Appellant, and Mercury Marine Brunswick Corp., Defendant.

Supreme Court of Iowa.

May 25, 1994.

Attorney(s) appearing for the Case

Lawrence L. Marcucci of Shearer, Templer, Pingel & Kaplan, P.C., West Des Moines, for appellant.

Robert G. Allbee, Wade R. Hauser, III, and Michael J. Eason of Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee, P.C., Des Moines, for appellee.

Considered by McGIVERIN, C.J., and LARSON, CARTER, NEUMAN, and SNELL, JJ.

LARSON, Justice.

West Des Moines State Bank financed a boat wholesaler called Ralph's Distributing Company (Ralph's) and took a real estate mortgage as part of its security. The bank obtained a decree of foreclosure, and Ralph's appealed. We affirm.

This is a companion opinion to Engstrand v. West Des Moines State Bank, 516 N.W.2d 797 (Iowa 1994), which is also filed today. The facts leading up to the bank's foreclosure...

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