Mammoth Cave Production Credit Ass'n v. Gross

OPINION

HOWARD, Judge.

Charles Ray and his former wife Edna owned a residence and service station in Safford, Arizona. They moved to Kentucky and bought a farm from the Grosses. The balance of the purchase price was secured by a note and deed of trust in favor of the Grosses. In order to stock the farm with cattle, the Rays borrowed money from Mammoth Cave Production Credit Association (PCA). The loan was evidenced by a promissory note and secured by a second mortgage on the farm and chattel mortgage on the cattle.

Marital and economic difficulties caused Mrs. Ray to move back to Arizona and sue…