Perkins v. Farmers Trust & Savings Bank

421 N.W.2d 533 (1988)

Virgil E. PERKINS and Estelle M. Perkins, Appellees,

v.

FARMERS TRUST AND SAVINGS BANK, Appellant.

FARMERS TRUST AND SAVINGS BANK, Appellant,

v.

Virgil E. PERKINS and Estelle M. Perkins, Appellees.

No. 87-459.

Supreme Court of Iowa.

April 13, 1988.

Christopher A. Bjornstad of Cornwall, Avery, Bjornstad & Scott, Spencer, for appellant.

Robert W. Sackett of Sackett, Sackett & Howe, P.C., Spencer, for appellees.

Considered by McGIVERIN, C.J., and HARRIS, CARTER, LAVORATO, and ANDREASEN, JJ.

HARRIS, Justice.

Two liens compete for the same crop. A bank holds a security interest and farm…