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FARMERS BANK, UNIONVILLE v. ERPELDING

No. 95-1102.

555 N.W.2d 222 (1996)

FARMERS BANK OF NORTHERN MISSOURI, UNIONVILLE, MISSOURI, Appellee, v. Donald ERPELDING and Janet Erpelding, Appellants.

Supreme Court of Iowa.

Rehearing Denied November 22, 1996.

Attorney(s) appearing for the Case

Warren L. Bush of the Bush Law Office, Wall Lake, for appellants.

Andre H. Merrett of Nyemaster, Goode, McLaughlin, Voigts, West, Hansell & O'Brien, Des Moines, for appellee.

Considered by McGIVERIN, C.J., and CARTER, LAVORATO, SNELL, and ANDREASEN, JJ.

SNELL, Justice.

Appellants, Donald and Janet Erpelding, appeal from a summary judgment order of the district court finding them in default on certain promissory notes. We affirm.

I. Facts and Procedural Background

On January 25, 1994, appellants Donald and Janet Erpelding purchased a farm in southern Iowa with money obtained by giving a $134,500 promissory note secured by a chattel mortgage and a $15,000 operating note to appellee, Farmers Bank of...

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