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BLUE GRASS SAV. BANK v. COMM. BANK & TRUST

No. 19-0657.

941 N.W.2d 20 (2020)

BLUE GRASS SAVINGS BANK, Appellee, v. COMMUNITY BANK & TRUST COMPANY, Appellant.

Supreme Court of Iowa.

Filed March 27, 2020.

Attorney(s) appearing for the Case

H. Raymond Terpstra II of Terpstra & Epping, Cedar Rapids, for appellant.

Richard A. Davidson of Lane & Waterman LLP, Davenport, for appellee.

I. Introduction.

This case requires us to interpret an Iowa statute relating to priority of advances under mortgages. See Iowa Code § 654.12A (2013). A bank made a series of loans to a farmer between April 2011 and March 2017. Near the middle of that time period, in 2014, the bank obtained a mortgage on...

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