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AGRI BANK FCB v. MAXFIELD

No. 93-1063.

873 S.W.2d 514 (1994)

316 Ark. 566

AGRI BANK FCB, formerly Farm Credit Bank of St. Louis and The Federal Land Bank of St. Louis, Appellant, v. Jordan MAXFIELD, Successor Trustee of the Maxfield Trust U/T/A Dated 11/8/85, Appellee.

Supreme Court of Arkansas.

April 11, 1994.

Attorney(s) appearing for the Case

Hal Joseph Kemp, Little Rock, for appellant.

J. Kent Coxsey, Berryville, for appellee.

BROWN, Justice.

This case concerns the construction of a warranty deed and whether the language of the deed evidenced on its face the retention of a vendor's lien in the amount of $95,000 so as to give appellee Jordan Maxfield, Successor Trustee, a priority lien. The chancellor ruled that a vendor's lien was sufficiently created and further ruled that the lien took priority over a mortgage in favor of appellant Agri Bank...

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