Farmers Production Credit Ass'n v. McFarland

374 N.W.2d 654 (1985)

FARMERS PRODUCTION CREDIT ASSOCIATION, Appellee,

v.

Daniel L. McFARLAND and Linda K. McFarland, Appellants, and

Dorothy L. McFarland, Intervenor-Appellant.

No. 84-1807.

Supreme Court of Iowa.

September 18, 1985.

Rehearing Denied October 16, 1985.

Stephen J. Rapp, Waterloo, for appellants.

Marilyn S. Scheer and David J. Darrell, of Davis, Hockenberg, Wine, Brown & Koehn, Des Moines, for appellee.

Considered en banc.

SCHULTZ, Justice.

In this appeal a mortgagors' assignee and a junior mortgage lienholder compete for final redemption rights in a senior mortgagee's foreclosure action.…