First National Bank of Lewisville v. Bank of Bradley

John B. Robbins, Judge.

This appeal concerns the priority of liens. Appellant First National Bank of Lewisville appeals the entry of a decree of foreclosure by the Lafayette County Circuit Court that granted appellee Bank of Bradley a first lien and appellant a second lien on personal property owned by the debtors Wayne and Gail Adams d/b/a Adams Farm Equipment. We affirm.

Appellee loaned in three separate transactions with the Adamses a total principal sum of $882,855 secured by certain collateral, including farm equipment, real property, and vehicles. Some of the proceeds of these loans were…