Svestka v. FIRST NAT. BANK IN STUTTGART

John A. Fogleman, Chief Justice.

Appellant Charles was an maker on a note for $30,000 lent .by appellee First National Bank in Stuttgart to Joseph Griffin to purchase a 1966 Gruman AG-Cat airplane. Joseph Griffin executed a security agreement giving the bank a security interest in the plane. After Griffin had failed to pay the debt on May 1, 1977, the extended due date, and had been adjudged a bankrupt, the bank obtained possession of the plane and sold it. The bank credited the proceeds of the sale, less certain expenses incurred by it, to the debt and brought this suit against Svestka for…