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PSB CREDIT SERVICES, INC. v. RICH

No. S-95-1130.

558 N.W.2d 295 (1997)

251 Neb. 474

PSB CREDIT SERVICES, INC., a Minnesota corporation, Appellant, v. Barry RICH and Carol Rich, his wife, et al., Appellees.

Supreme Court of Nebraska.

January 10, 1997.

Attorney(s) appearing for the Case

Michael G. Lessmann and Bruce R. Gerhardt, of Baird, Holm, McEachen, Pedersen, Hamann & Strasheim, Omaha, for appellant.

Donald E. Girard, of Girard and Stack, P.C., North Platte, for appellees Rich, Libby Franzen, and Craig Franzen.

WHITE, C.J., WRIGHT, CONNOLLY, and GERRARD, JJ., and LIKES, District Judge.

WHITE, Chief Justice.

On May 25, 1984, Helen M. Elander executed and delivered to American Security Bank of North Platte, Nebraska (American Security), a promissory note in the amount of $250,000. Concurrent with the execution of the note, and to secure the payment of the indebtedness, Elander executed and delivered to American Security a deed of trust on property she owned in Lincoln County, Nebraska. The deed of trust was filed on May 29, 1984, in the office of...

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