Dakota Northwestern Bank National Ass'n v. Schollmeyer

PEDERSON, Justice.

This appeal, involving the intricacies of farm finance, concerns the propriety of a district court order granting summary judgment for the payee, Dakota Northwestern Bank National Association (Bank), in an action against the makers (Schollmeyers) to recover the balance due on a promissory note.

The note in question, in the amount of $24,000, was executed by Clarence and Andrea Schollmeyer, d/b/a B & S Feeds, on February 2, 1978. Three payments were made on this note, leaving a balance of $20,838.81 due as of April 20, 1979. 1 The Bank, on February 27, 1980, sued for this…