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FIRST NAT. BANK OF PHILIP v. TEMPLE

No. 21811.

642 N.W.2d 197 (2002)

2002 SD 36

FIRST NATIONAL BANK OF PHILIP, South Dakota, Plaintiff and Appellee, v. Doug TEMPLE, Defendant and Appellant, and Merle Temple, Defendant and Appellee.

Supreme Court of South Dakota.

Decided March 13, 2002.

Attorney(s) appearing for the Case

Ralph Kemnitz, Philip, for plaintiff and appellee.

Thomas W. Stanton and Michael V. Wheeler of Demersseman, Jensen, Rapid City, for defendant and appellant.

Kenneth R. Dewell of Viken, Viken, Pechota, Leach & Dewell, Rapid City, for defendant and appellee.

STEELE, Circuit Judge.

[¶ 1.] Doug Temple appeals from a judgment ordering that First National Bank of Philip held a perfected security interest in and to certain livestock as a result of loan instruments executed by Merle Temple. We affirm.

FACTS

[¶ 2.] Beginning in 1990, Merle Temple (Merle) obtained loans from First National Bank in Philip, South Dakota (FNB). To secure the loans, he pledged as collateral cattle bearing one or more brands...

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