Lisbon Bank and Trust Co. v. Commodity Credit Corp.

ORDER

HANSEN, District Judge.

This matter is before the court on plaintiff Lisbon Bank and Trust Company’s motion for summary judgment, filed July 2, 1987. Motion denied.

On October 25, 1982, Lisbon Bank and Trust Company (the Bank) entered into a security agreement with Dean and Mary Gerdemann, where the Gerdemanns granted a security interest to the Bank in all the Gerdemanns’ following described property:

First security interest in all machinery and equipment, farm products, including but not limited to, crops, livestock, and supplies used or produced in farming operation, and contract rights,…