Production Credit Ass'n of Mandan v. Obrigewitch
North Dakota Supreme Court
1Opinion of the Court
VANDE WALLE, Justice.
This is an appeal from a default judgment entered against the appellants, Joe M. Obrigewitch, Jr., and Magdelena Obrigew-itch, in favor of the appellee, Production Credit Association of Mandan. We affirm.
In 1983, the Obrigewitches and PCA entered into a loan agreement to finance the Obrigewitches’ farming operations. In order to secure the loan from PCA, the Obri-gewitches granted a security interest in various equipment, tools, livestock, and numerous other types of property. The loan agreement was later modified to, among other things, provide that the balance due to…
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