Production Credit Ass'n v. Halverson

LEVINE, Justice.

Donald G. and Loma G. Halverson (hereinafter collectively referred to as Halver-son) appeal from a district court summary judgment entered in an action brought by Production Credit Association of Grafton (PCA). We reverse and remand for trial.

Asserting that Halverson was in default under the terms of a 1980 “Basic Loan Agreement” and a 1984 “Supplementary Loan Agreement,” PCA sued for a money judgment and an order allowing it to repossess and dispose of farm machinery and equipment in which it asserted a security interest, with an accounting to Halverson of any surplus or an…