Hawkeye Bank & Trust Co. v. Michel

HARRIS, Justice.

This is a real estate mortgage foreclosure proceeding brought after the borrowers defaulted on their payments of a series of notes. The principal question is whether a dragnet clause in a deed of trust effectively pledged defendants’ homestead as security for future notes. The trial court held it did and we agree.

We quote and adopt as our own the statement of facts contained in appellants’ appellate brief.

Rose Marie Michel, in connection with her business as a dealer for “Wick Homes,” and her husband, Donald Mathew Michel, entered into a series of promissory notes with the…